Advanced Topics in Supply Chain Management
MGMT X 445.1
This course examines procurement management decision making with the goal of understanding cost drivers and reducing cost impact while increasing procurement effectiveness.
What you can learn.
- Develop specifications for reducing or removing costs of inventory
- Explore outsourcing options considering life cycle costs
- Calculate value analysis, setting cost ceiling incentives with the supplier chain and apply statistical process controls to maintain quality
- Identify the role of purchasing in new product development, standardization, and in dealing with uncertainty
- Describe post-award activities including JIT strategies, supplier certification auditing, and close-out issues and processes
About this course:
This course examines procurement management decision making with the goal of understanding cost drivers and reducing cost impact while increasing procurement effectiveness. Emphasis is on creative methods for reducing or removing costs; inventory cost reduction; specifications and cost reduction; outsourcing (subcontracting); life cycle costs; statistical process control; value analysis; and setting cost ceiling incentives with the supplier chain (i.e. price-based costing versus cost-based pricing). Other topics include purchasing's role in new product development; standardization; and dealing with uncertainty (i.e. types of compensation agreements). Post-award activities are also examined, including JIT, supplier certification, and close-out issues and processes.
It is advisable that you complete the following (or equivalent) since they are prerequisites for Advanced Topics in Supply Chain Management.
X 445 Fundamentals of Supply Chain Management or consent of instructor.