Study Guide

Objective

After completing this study unit the student will be able to:
- apply a suitable purchasing strategy in different situations- decide what documents and payment transactions will be needed when importing goods andservices and knows where to find them- explain the risks and costs of international purchasing.
- manage the basics of services sourcing
-discuss the total lifecycle costs related to a purchase-carry out cost analysis- explain the importance and effect of different terms in purchasing (eg Incoterms 2010)- utilize the sources of information necessary for purchasing- describe various indicators measuring the performance of purchasing operations- prepare for purchasing negotiations

Content

Planning and organising of Purchasing
Global sourcing
International purchasing – risks and costs
Documentation, payment transactions and financing in international trade
Partnership
Services sourcing
Total cost approach
Measurement of purchasing operations

Materials

Arjan van Weele: Purchasing and Supply Chain Management, Sixth Edition. Chapters 1-3, 6-7, 9 and 12
Lectures (Itslearning), other material given during lectures.
Many useful web-pages:
exporthelp.europa.eu
CIA-The World Factbook
www.tulli.fi
Laivauskäsikirja (Finna)
Ulkomaankaupan verkkopalvelu (Finna)
www.finnvera.fi
European Comission, Taxation and Customs Union

Teaching methods

Lecturing, case-learning, group-discussions, assignments during the lectures as well as homework.

Exam schedules

Exam at the end of the course.
The students have two re-exams and those dates will be informed later.

International connections

Lectures, group works and discussions, potential company visits and/or visiting lecturers.

Student workload

Team works, individual assignments.

Content scheduling

* Purchasing strategies
* Organising of Purchasing
* Global sourcing
* International purchasing – risks and costs (TCO)
* Different terms in purchasing, like Incoterms 2020
* Documentation, payment transactions, customs clearance in international trade

Evaluation scale

H-5

Assessment methods and criteria

Succesful completion of assignments and written examination. Exam 50 % and assignments 50% of the final grade. Assignments returned in time. Grade 0-5.