Strategic Sourcing (5 cr)
Code: 5091183-3015
General information
- Enrollment
-
02.08.2025 - 31.08.2025
Registration for introductions has not started yet.
- Timing
-
01.09.2025 - 19.12.2025
The implementation has not yet started.
- Number of ECTS credits allocated
- 5 cr
- Local portion
- 5 cr
- Mode of delivery
- Contact learning
- Unit
- Engineering and Business
- Campus
- Kupittaa Campus
- Teaching languages
- Finnish
- Seats
- 20 - 35
- Degree programmes
- Degree Programme in Industrial Management Engineering
Evaluation scale
H-5
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
36 lecture hours 3.9.-17.12.2024. No lectures on week 42. Please check the lecture schedules from Lukkarikone.
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.
Teaching methods
Lectures, class and home assignments, groupwork, exam.
Exam schedules
Course exam:
17.12.2024
Re-take exams:
5.2.2025
3.4.2025
4.6.2025
Student workload
Lectures 36 hours, class and home assignments 24 hours, groupwork 40 hours, exam preparation 35 hours.