Principles of Purchasing (BMGT 1313)

Instructor: Michael Yaman

The purchasing process as it relates to such topics as inventory control, price determination, vendor selection, negotiation techniques, and ethical issues. (Formerly MMTD 1302)

The purchasing process as it relates to such topics as inventory control, price determination, vendor selection, negotiation techniques, and ethical issues. (Formerly MMTD 1302)

The following learning outcomes are targeted during this course;

1. Explain logistics/supply chain terms.
2. Demonstrate understanding of technological factors of logistics in international trade
3. Apply forecasting techniques to various facets of supply chain management.
4. Solve transportation problems utilizing knowledge of world geography and the transportation system.
5. Explain the total supply chain management and function in distribution.

1. Describe the purchasing function as it relates to other departments within the company.
2. Identify the basic concepts used in purchasing decisions including negotiation techniques and ethical issues.
3. Explain the relationships of materials management and inventory control to the purchasing process.
4. Explain supply chain management.