PURCHASING PRINCIPLES

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Instructor:
Course Code: 
PSM 1101
Course Credit Units: 
3
Semester: 
Semester 1
Year of Study: 
Year 1
Undergraduate or Graduate Level: 
Undergraduate Level
Course Discipline: 
Course Description & Objectives: 

This course is designed to provide students with an introduction to basic concepts and issues in purchasing management. To support the purchasing role in identifying high-value sources of goods and services, strengthen relationships with supply chain partners, and ensure timely delivery, it is important to understand basic purchasing concepts and terminology. In addition, the course also introduces students to the principles of purchasing and supply chain management used in organizations. It describes the various techniques that are useful in an organization. Course ObjectivesThe course will enable students to;

  • Understand purchasing and supply chain principles
  • Link procurement and non procurement disciplines
  • Know the factors affecting purchasing function in an organization
  • Understand functions of the purchasing department
  • Prepare organizational purchasing structures.
Learning Outcomes: 

At the end of the course students;

  • Apply the principles of purchasing in organization.
  • Relate the functioning of the purchasing department to other functional areas in the organization
  • Explain the meaning of principles of purchasing.
  • Identify the theories of purchasing that are implicit in their current approach to organisations.
purshasing principles
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