21877 Strategic and Sustainable Procurement Management

Description

This subject focuses on the management of the procurement of goods and services from a strategic perspective. Topics include procurement as a strategic function; key procurement issues such as outsourcing, sourcing strategies and relationships, total cost of ownership, inventory management and negotiations; and applications of procurement such as procurement of commodities, international and global sourcing, capital procurement, efficient consumer response, services procurement and corporate social responsibility and e-procurement and contract management. The concepts and strategies taught in the subject enable the students to strategise the organisations' procurement practices in an effective and efficient manner to gain competitive advantage.