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

Teacher's lecture material and assignments.

Course book: Sollish, Fred and John Semanik. Strategic Global Sourcing Best Practices. Wiley, 2010.

Exam schedules

Exam 20.4.2022 in the last lecture. Retakes on re-examination dates.

Student workload

Lectures, completion of class assignments and exam 39 hours (no lectures on week 8), home assignments 12 hours, preparation of an exercise report 40 hours, for the exam preparation 44 hours.

Content scheduling

After completing the course 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 and services 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 purchase
-carry out cost analysis
-explain the importance and effect of different terms in purchasing (e.g. Incoterms 2020)
-utilize the sources of information necessary for purchasing
-describe various indicators measuring the performance of purchasing operations
-prepare for purchasing negotiations

Topics:
-Planning and organizing of purchasing
-Global sourcing
-International purchasing - risks and costs
-Documentation, payment transactions and financing in international trade
-Partnership
-Services sourcing
-Total cost approach

19.1.2022-20.4.2022 (no lectures on week 8).

Evaluation scale

H-5

Assessment methods and criteria

Lectures and exam 60%, assignments 40%. Attending lectures, completion of class and home assignments, written report and exam.

Assessment criteria, fail (0)

less than 50% of the total points

Assessment criteria, satisfactory (1-2)

50-60-% of total points: T1
60-70-% of total points: T2

Assessment criteria, good (3-4)

70-80-% of total points: H3
80-90-% of total points: H4

Assessment criteria, excellent (5)

90-100% of total points: K5