GSCM-501 : Procurement Management

his course discusses the opportunities and challenges surrounding management of procuring the right product or service in the right quantity with the right quality/reliability from the right source at the right time for the right price. It provides an introduction and overview of procurement and its role in commercial enterprises and governmental entities. The procurement course also incorporates "hands-on" assignments using on-line e-sourcing processes and tools. Current innovations in the procurement field are incorporated into the course and emerging challenges/issues are highlighted to provide students with an upto- date view of the profession. The course uses procurement textbook material, websites, articles, white papers, relevant cases and current news (e.g., Wall Street Journal) throughout course discussions. Students participate in local chapters of the Institute for Supply Management (ISM NCAR) and APICS. Guest speakers make presentations that provide insights on current topics and general global supply chain procurement issues.