Principles of Purchasing (BMGT 1313)

Purchasing and Supply Chain Management (1) Explore the basic historical development of the purchasing function and identify the relationship between the purchasing function and other functional areas. (2) Purchasing decisions and business strategy. (3) The legal aspects of purchasing. (4) Materials Management .(5) Just-in-Time (Lean) Purchasing. (6) Supplier selection and evaluation. (7) Strategic outsourcing (8) Inventory Management. (9) Global sourcing. (10) Total Quality Management (TQM) and Purchasing. (11) Price/Cost analysis (12) Negotiation strategies