Purchasing and Supply Management
Gold Coast, Australia
Area of Study
Supply Chain Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewCourse DescriptionThis course examines the key areas of purchasing and supply of goods and services in a logistics and supply chain context. Key issues such as purchasing and e-purchasing, managing contracts, monitoring performance under contracts, contract renewal, and contract termination will be examined. The critical areas of relationship management and managing information, in the context of purchasing and supply, will be themes throughout the course.Course IntroductionAll parties involved in a supply network, being raw material providers, manufacturers, wholesalers, distributors, or retailers, need to be involved in the purchase, storage and distribution of equipment, goods, work in progress, finished products and services, and need to be able to effectively and efficiently acquire and manage the process and the stock that are required for business operations. Purchasing and supply management underpins a significant part of supply networks and accounts for the planning for and acquiring the goods and services that meet any organization's current and future needs. It ensures that the required goods and services are delivered in the right quantity, with the right quality, for the right price, at the right time, and from the right source (referred to as the ?5 Rights? for purchasing and supply management). Purchasing and supply management naturally links with manufacturing, transportation, research and development, and sales departments. Therefore, it is important for a supply network management professional to realize the role purchasing and supply management plays in cross functional teams to achieve organizational missions and coordination across supply networks. This course will provide opportunities for you to further develop your understanding of the matters about, and master procedures for, purchasing and supply management based on your previous studies in logistics and supply network management courses.Course Aims3145IBA (Purchasing and Supply Management) is one of the core courses for the Bachelor of Business (Logistics and Supply Chain Management) program. It builds on previous core logistics and supply network management courses such as 2150IBA and 2154IBA from year two. This course is designed to ensure you understand and are able to resolve the major issues involved in the purchasing and supply of goods and services in a logistics and supply network context for both public and private sectors. Key issues such as purchasing and e-purchasing, contract management, performance monitoring and measurement, and supplier relationship management will be examined. The critical areas of relationship management and managing information, in the context of purchasing and supply, will be themes throughout the course. It will also increase your understanding and awareness of the legal, ethical, sustainability and social responsibility issues involved in purchasing and supply management. Ultimately, this course will better position you to make sure that purchasing and supply management meet the requirement of organizational strategies.Learning OutcomesAfter successfully completing this course you should be able to:1 Demonstrate knowledge and understanding of the major elements, concepts, principles; and legal, ethical, sustainability and social responsibility issues in purchasing and supply management.2 Demonstrate, through class discussion and case analysis, the ability to appraise and critique various means used for the obtaining of contracts, supplier performance monitoring and measurement, supplier relationship management, contract renewal and termination.3 Demonstrate, in writing, the ability to choose and assess the purchasing and supply management strategies and processes in the public and private sectors, and propose potential improvement strategies and implement actions.
Weighting/Marked out of
Test or quiz
Test or quiz
Assignment - Written Assignment
(Voluntary) Group Report
Exam - constructed response
End of Semester Exam
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.