BUS20007 Procurement Management

About this unit

Procurement involves sourcing, ordering and purchasing supplies and efficient procurement management is essential for any professionally run organisation. The purchasing decision and acquisition of goods and services can require complex negotiations and may involve establishing, maintaining as well as terminating relationships with suppliers and vendors locally, nationally and globally. In this unit students will explore various facets of the procurement process, and consider how procurement management impacts on the organisation both financially and operationally.

Content

- Organisational purchasing process and practices
- Supplier selection processes
- Maintaining relationship with suppliers
- Importance of procurement in integrated supply chains
- Factors influencing pricing
- Importing goods and services, including the effect of currency fluctuations