Examine the concepts, theories, skills and processes related to strategic procurement management that an organisation requires in order to procure goods and services. These processes include activities such as supplier selection, supplier relationship management, pricing and terms negotiation, supplier performance management and other strategic issues.
This course provides you with a capstone experience, which will give you the opportunity to integrate, critically reflect on and consolidate what you have learnt in your program.
Dr Reza Memary, Lecturer - School of Business IT and Logistics
Upon successful completion of this course, you will be able to:
- Explain and evaluate the key concepts, theories and processes in the field of strategic procurement management;
- Select and design procurement-related principles and approaches in the formulation of strategic procurement management, administer the supplier selection and negotiation process;
- Investigate and apply procurement-related techniques and methods in the integration of strategic procurement management;
- Evaluate and measure alternative strategic sourcing in the context of a flexible global supply chain
- Build and display appropriate leadership and organising abilities in leveraging resources, capabilities and competencies of a group to critically analyse situations and develop solutions to procurement-related problems;
- Develop multiple management skill including critical thinking, working in a group environment, oral and written presentation skills; and
- Apply research principles and methods to design innovative solutions in procurement management.
Assessment for this course will occur at various times across the seven-week teaching period. In most cases, assessment should follow a similar structure to the below:
- A short assessment may occur in the first couple of weeks, driven mostly by peer-assessment or objective feedback as is the case of a survey quiz or contribution to discussion.
- Assessments that occur mid-study period (approximately week 2 to 5) will have a highly formative purpose, like an extended case study or a scenario role play. These are intended to provide an indication of performance and occur at this time to enable positive changes to future performance.
- Final assessments are usually summative, and generally draw the course's threshold concepts together. Your previous assessments will have directly prepared you for a summative-style assessment.
Rich, online feedback will be provided to you throughout the teaching period on practical exercises and by individual consultation, ideally within five business days.
Please note, unit structure and content are subject to change. Contact your RMIT Student Enrolment Advisor on 1300 701 171 for more information based on your particular circumstances.