Procurement Operations and Strategy (5cr)

Objective

The student acknowledges the impact of megatrends on procurement and the strategic nature of procurement. The student is able to analyse how the company´s vision, mission and corporate strategy impact the development of its procurement strategy. The student is able to evaluate procurement-related internal and external influences on company strategy, including the role of stakeholders and external resources in the different phases of procurement process. The student compares ways to organise procurement function and relates maturity models in assessing the status and development potential of the procurement function. The student is able to exploit a spend analysis, classify purchases and create a purchasing portfolio analysis for both direct and indirect procurement. The student is able to judge outsourcing decisions and strategic impact of make-or-buy analysis. The student distinguishes the principles and stages of category management and how to apply the approach in practice both in direct and indirect procurement. The student is able to develop procurement performance management and create KPIs for both strategic and operational procurement.

Content

• Global sourcing, megatrends and operating environment • Procurement strategy aligned with corporate strategy • Analysis tools and models to support procurement decisions • Procurement process • Organising the procurement function

Assessment criteria, excellent (5)

The student has completed all components of the course with distinction. They have demonstrated interest and motivation to learn both individually and as part of a team, and have shared their expertise with others. The student has mastered the course content and skilfully applies knowledge acquired from literature, lectures, and other sources to tasks that analyse and develop working life.

Assessment criteria, good (3)

The student has performed well overall in the course assignments. They have been an active learner both individually and within a team. The student has demonstrated the ability to apply knowledge and practices acquired from literature, lectures and other sources to tasks analysing and developing professional practice.

Assessment criteria, satisfactory (1)

The student has completed the learning assignments of the course unit and demonstrated mastery of its basic content. However, there is considerable room for improvement in applying the knowledge to professional situations and/or sharing competence.

Assessment criteria, approved/failed

The student has completed the learning assignments of the course and demonstrated mastery of the basic content. There is considerable room for improvement in applying this knowledge to professional situations and/or sharing their expertise.

Further information

The language of tuition is English.