100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Purchasing Management 2020/2021 $11.27
Add to cart

Summary

Summary Purchasing Management 2020/2021

 176 views  2 purchases
  • Course
  • Institution
  • Book

Summary of the course Purchasing management of the Master Supply Chain Management

Preview 4 out of 57  pages

  • Yes
  • January 31, 2021
  • 57
  • 2020/2021
  • Summary
avatar-seller
General
Structure Purchasing Management Course




Towards purchasing excellence




• Insourcing/outsourcing (lecture 2)
• Clear policy regarding make-or-buy

• Develop commodity strategies (lecture 3)
• Spend analysis (spend cube)
• Structure and classify purchasing expenses
• Determine strategy
• Number of suppliers, geographical dispersal, relation, contract form
• Involvement of specialists & internal customers in execution
• World class supply base management (lecture 4)
• Establishing a world-class supply base
• Database with supplier information
• Detailed audits with important suppliers




1

, • Develop and manage supplier relationships (lecture 8)
• Intensify relations with suppliers
• Continuous improvements
• Classification of suppliers: commercial, preferred, partner

• Integration of suppliers in product development (innovation)
• Suppliers with proven competences
• Using specific knowledge

• Supplier integration into order fulfillment process
• Outsource logistics and administrative tasks
• Connect suppliers with information systems and production planning
• Develop plans to increase value for customer through purchasing

• Supplier development and quality management (lecture 4)
• Suppliers are invited to participate in suggestions for improvement
• Suppliers are a source of new ideas

• Strategic cost management (lecture 7)
• Detailed cost models
• Supply chain analysis and measures to decrease supply chain costs
together with suppliers
• Sharing of advantages is necessary


Learning goals
Lecture 1
1. Explain and assess impact of purchasing organizational competitiveness;
2. Asses applicability of methods, techniques and instruments
3. Reflect on purchasing issues in a critical and academic manner
4. Analyze relevant purchasing topics from a managerial perspective

Lecture 2
• Understanding the difference between offshoring, reshoring, onshore-
outsourcing, nearshore-outsourcing, and offshore-outsourcing
• Understanding outsourcing and its main advantages and disadvantages
• Identifying when organizations should make or buy based on transaction costs or
strategic resources and capabilities
• Understanding how to use an integrated model of TCE and RBV on deriving
make/buy decisions
• Understanding the inherent complexity of make/buy choices

Lecture 3
• Use the Kraljic Matrix to position products and services
• Different positions require different supply chain strategies (strategic decisions)
• Understand a range of different sourcing strategies and its advantages and disadvantages
• Learn how to apply these sourcing strategies on different product categories on
the Kraljic Matrix



2

,Lecture 4
• Supplier selection is a critical part of supply chain
• The process should reflect the product/service sourced
• Approach
• Time/effort
• Be aware of the limitations of the AHP process
• Remember, the ‘maths’ is not the interesting part!

Lecture 1
People say that purchasing is not a trivial topic…… :
• In 2015 Dutch public entity Rijkswaterstaat (RWS) purchased two speedboats for
around 1 million Euro
• These boats turned out to be useless due to mistake in RWS tender procedure,
not due to (Italian) supplier Arimar
• What went wrong? In purchasing jargon: wrong specifications. Boats not fit for
combination of 1) high speed and 2) high waves
• Interested?!? Boats for sale for at least 75.000 Euro/boat……


Purchasing basics (Ch. 1-3)
• Importance, relevance & scope
• Supply versus value chain

Why is purchasing important?
• Improving purchasing performance may contribute to increased customer value
• Results of Good Purchasing/Supply Management:
• Higher Potential for Profitability
• Outsourcing
• Improved product and service quality

Importance of purchasing to business




Purchasing & Profitability




3

, 4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller daan7939. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.27. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53340 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.27  2x  sold
  • (0)
Add to cart
Added