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LGMT 536 : Purchasing for Logistics and Supply Chain Managers

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Last approved: Wed, 20 Jan 2016 13:52:21 GMT

Last edit: Wed, 20 Jan 2016 13:52:21 GMT

LGMT 536-WW
Campus
Worldwide
College of Business (WBUAD)
LGMT
536
Purchasing for Logistics and Supply Chain Managers
3
This course addresses the critical role of purchasing in supply chain management. The course begins with a review of the basic components of purchasing followed by a discussion of the role of purchasing in the supply chain and how it contributes to the strategy and profitability of the enterprise. The course also addresses the legal aspects of purchasing and the relationship between purchasing and inventory management, materials management, just-in-time manufacturing, and manufacturing resource planning. Global sourcing and the role of supply chain partnerships are also addressed, along with how to evaluate, bargain, and negotiate with suppliers. Other topics include the relationship between purchasing and quality assurance; different pricing methods; the use of different pricing strategies for different transportation modes; and the role of purchasing in evaluating capital investments as well as professional services.

This course is designed to provide students with a comprehensive understanding of the role and responsibilities of purchasing in supply chain management. Case studies, exercises, projects and presentations are used to provide students with the opportunity to apply concepts learned in the classroom to solve real supply chain-related purchasing problems facing managers in private or public institutions.

Upon completion of this course, the student will be able to:

1. Describe the role of purchasing in contributing to the profitability of the enterprise.

2. Explain the strategic planning process for purchasing, the basic components of purchasing strategy, and the role of purchasing in corporate strategy.

3. List the advantages and disadvantages of centralized purchasing and alternative organizational structures for the purchasing function.

4. Define the legal aspects of purchasing, requirements for a contract, different types of contracts, and the role and importance of electronic contracts and electronic signatures.

5. Explain the relationship between purchasing and materials management, inventory management, JIT management, and MRP.

6. Analyze inventory using ABC analysis; determine the economic order quantity and cost using the EOQ model; and analyze the impact of quantity discounts on purchasing.

7. List the steps in the conventional purchasing cycle and main activities of a typical purchasing department

8. Describe the qualifications of a good supplier, supplier selection techniques, and the potential benefits of supply chain partnerships.

9. Explain the role of purchasing in global sourcing and critically analyze various global sourcing alternatives

10. Explain purchasing’s role in quality assurance.

11. Analyze the relationship between cost and price and demonstrate a working knowledge of the various pricing methods.

12. Describe how to purchase transportation services and apply the appropriate pricing strategy for alternative transportation modes.3

13. Explain how life cycle costing and other financial techniques can be used to evaluate capital equipment investments

14. Describe the role of purchasing in acquiring professional services.

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 


Web & Chat: http://huntlibrary.erau.edu
Email:  library@erau.edu
Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428
Hourshttp://huntlibrary.erau.edu/about/hours.html
 

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Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
Aman Gupta, Ph.D. - 2/2/2015
aman.gupta@erau.edu
Aman Gupta, Ph.D. - 2/2/2015
aman.gupta@erau.edu
Aman Gupta, Ph.D. - 2/2/2015
aman.gupta@erau.edu
Dr. Bobby McMasters - 2/2/2015
mcmas245@erau.edu
Key: 285