AKTU Procurement and Vendors Management (BMLS303) Syllabus PDF – MBA (Logistics & Supply Chain Management) 3rd Semester
Procurement and Vendors Management BMLS303
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Syllabus — Procurement and Vendors Management
Download PDFBMLS303 · 3 credits · L-T-P 3-0-0
Course Objectives
- Understand advanced concepts and principles related to Procurement Management and Sourcing.
- Explain the key processes involved in Effective Procurements & Sourcing.
- Apply conceptual frameworks to analyze and evaluate vendor selection methods for efficient SCM.
- Analyse integrated approaches for making informed Inventory Decisions within procurement systems.
- Evaluate current trends and practices in Global Sourcing and their implications for supply chain performance.
Unit 1: Framework of Procurement Management (7 Hours)
Understanding Procurement and Conveying Requirements, Exploring, Accepting and Placing Orders, Budgets and Expense Allocation, Establishing Procurement Methods, Internal Cost- Related Analysis. Sourcing and Vendor Management, Make or Busy Decisions, Types and Methods of Sourcing in Retail, Centralized vs Decentralized Approaches, Single Sourcing vs Multiple Sourcing, Day-to-Day vs Long Range Sourcing, Case Studies and Latest Updates.
Unit 2: Processes in Procurements (7 Hours)
Market Analysis and Supplier Research, Identifying Prime Sources of Suppliers’ Information, Request for Proposal, Different Methods of Buying, Fundamental Steps of the Buying Process, Terms and Condition of Purchase, Buying Documentation, Negotiation in Procurement, Use of IT in Sourcing, Global Tenders and E-Procurement, Reverse Auctions, Overview of Global Purchasing, Case Studies and Latest Updates.
Unit 3 Vendor Selection in Procurement (7 Hours)
Vendor Selection Process, Evaluation of Existing Vendors, Developing Vendor Performance Measures, New Vendor Development Process, Working with Suppliers to Manage Quality, JIT and TQM in Sourcing, Key Supplier Account Management, Vendor Relationship Development, Vendor Monitoring, Promoting SME suppliers. Case Studies and Latest Updates.
Unit 4 : Aligning Inventory Objectives with Procurement (8 Hours)
Objectives of Procurement for Strategic Alignment of Material Management in Supply Chain, Hedging vs. Forward Buying, Managing Price Fluctuation and Volatility in International Finance, Payment Modes, Matching Supply with Customer Demand, Managing Inward Logistics. Case Studies and Latest Updates.
Unit 5 Global Procurement Management (7 Hours)
Global Trade Barriers, Dealing with International Suppliers, UNO and GATT conventions, Legal, Socio-Cultural Issues in International Buying, Environmental Issues & Green Purchasing, Industry Best Practices, Measurement of Sourcing Performance, Benchmarking in Retail Purchasing. Case Studies and Latest Updates.
Course Outcomes
| CO Code | CO Statement | Bloom’s Taxonomy Level (K-Level) |
|---|---|---|
| CO1 | Define procurement frameworks and distinguish between various sourcing approaches. | K1 – Remembering |
| CO2 | Explain procurement processes including documentation, e-procurement, and global tenders. | K2 – Understanding |
| CO3 | Apply vendor selection and evaluation techniques for procurement decision-making. | K3 – Applying |
| CO4 | Analyse procurement strategies aligned with inventory and logistics decisions in a supply chain. | K4 – Analysing |
| CO5 | Evaluate global procurement practices with respect to legal, ethical, and environmental considerations. | K5 – Evaluating |
Suggested Readings
- Sollish, F. and Semanch, J. (2007), Strategic Global Sourcing: Best Practices, Wiley Publications
- Chopra and Miendl (2003), Supply Chain Management: Strategy, planning and operation, Pearson Books
- by Sherry R. Gordon, Supplier Evaluation and Performance Excellence: A Guide to Meaningful Metrics and Successful Results.
- B S Sahay, Emerging Issues in Supply Chain Management (McMillan)
- Alan Harrison, Logistics Management and Strategy (Pearson)
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