GLOBAL PROCUREMENT AND SOURCING BU MBA 4th Semester

Syllabus

4.9.2.: Global Procurement and Sourcing

Module 1                                                                                                               8 Hours

Introduction: Objectives of Procurement System, Principles of Procurement, and History of Procurement Function: From Administrative to Strategic, Value Added Role, Procurement Cycle, Procurement Planning, and Purchasing Mix: Six Rights, Selecting the Right Supplier, Source of Information and Process, Supplier Appraisal/Vendor Capability, Bidding Process.

Module 2                                                                                                            12 Hours

Storage Management System: Storage Inventory Management – Functions of Storage & Inventory - Classification of Inventory- Methods of Controlling Stock Levels- Always Better Control (ABC) Inventory System- Storage: Storage Policies - Dedicated Storage, Randomized Storage & Class-Based Storage; Storage Methods-Assembling & Seasonal Storage; Stockpiling and Rapid Storage. Centralized and Decentralized Storage Systems.

Module 3                                                                                                               8 Hours

Sourcing as a Strategic Function: Evolution of Purchasing, Purchasing, Sourcing as a Key Organizational Function, Sourcing Objectives, Make or Buy Decision, Types and Methods of Sourcing in Retail, Centralized Vs. Decentralized, Single Sourcing Vs. Multiple Sourcing, Day-to-Day Vs. Long Rang Sourcing.

Module 4                                                                                                               8 Hours

Sourcing Process: Market Analysis and Supplier Research, Prime Sources of Supplier Information, Request for Proposal, Fundamental Steps of the Buying Process, Terms and Condition of Purchase, Buying Documentation, Negotiation, Use of IT in Sourcing, Global Tenders and E-Procurement, Reverse Auctions, Expanded Role of Global Purchasing

Module 5                                                                                                            10 Hours

Cross Functional Approach to Sourcing: Overview of Material Management Function and Supply Chain Alignment, Role of Purchasing in Supporting Inventory Objectives, Goals of Inventory Control, Hedging Vs. Forward Buying, Risk Management, Managing Price Fluctuation and Volatility in International Finance, Matching Supply with Customer Demand, Managing Inward Logistics, Transportation Modes and Warehousing

Module 6                                                                                                            10 Hours

Global Trends in Procurement and Sourcing: Global Trade Barriers, Dealing with International Suppliers, UNO and GATT Conventions, Legal, Socio-Cultural Issues in International Buying, Environmental Issues-Green Procurement- Industry Best Practices, Measurement of Sourcing Performance, Benchmarking in Retail Procurement.