Undergraduate RMI-LGM330-2023

Procurement Management and Global Sourcing

Source an explanation for how goods and services procurement management works.

Learn what qualities to look for when evaluating and choosing suppliers. Dig through the basics of inventory management. Study this area from local and global viewpoints.

Duration

13 weeks

Study method

100% Online

Available loans

HECS-HELP
FEE-HELP

Assessments

100% online

Prior study

Required

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2023

Subject details

What you'll learn

On successful completion of this subject you will be able to:

Apply key concepts and theories in the field of procurement management and global sourcing to effectively manage procurement related functions.
Contribute to the selection and design of appropriate approaches to manage procurement management and global sourcing operations.
Analyse and apply appropriate techniques and methods in the integration of procurement management and global sourcing operations.
Evaluate and measure alternative procurement management and global sourcing options in the context of a flexible global supply chain.
Leverage resources of a group to critically analyse situations and develop solutions to procurement related problems.

Topics covered

- Please refer to RMIT University’s Learning Management System - Canvas, for further details.

Entry requirements

You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:

RMI-LGM100-Introduction to Logistics and Supply Chain Management (No longer available)

Additional requirements

No additional requirements

Description

This subject introduces the fields of Procurement Management and Global Sourcing. It explores the central concepts of organisational procurement and global sourcing. It also explores interfaces of these to the other areas of an organisation. This subject provides opportunities to examine issues such as organisational procurement process, global sourcing process, supplier selection process, supplier management and other strategic issues.

This subject includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience.

Assessments

Assessment Task 1 (Linked CLOs: 3, 4, 5) (20%)
Assessment Task 2 (Linked CLOs: 1, 2, 3, 4, 5) (30%)
Assessment Task 3 (Linked CLOs: 1, 2, 3, 4) (50%)

Textbooks

For textbook details check your university's handbook, website or learning management system (LMS).