Master of Science in Procurement and Supply Chain

⚫Understanding key concepts in procurements (scope, meaning, process, methods, principles,  e-procurment, supply chain mgt,e-suply chain mgt)
⚫Distinguish between types of goods and services purchased.
⚫Understand the fundamental objectives of procurement.
⚫Describe the procurement process.
⚫Understand how supply chain professionals should interact with procurement on a day-to-day basis
  • Role of  procurement  management  on success of supply chain 
  • Phases of supply chain management 
  • measurement  of performance of  supply chain 

This module  of procurement and supply chain management   explains procurement  as  the process of acquiring goods and services by purchasing, renting, or leasing.  It also details  procurement process as  a process that  includes not only  preparing specifications and solicitations but also  evaluating bids and proposals, awarding contracts, and contract administration. It further details all about supply chain management  as the management of the flow of goods and services  that includes all processes that transform raw materials into final products.    Supply chain management involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

This session introduces the learner to basic negotiation skills and tactics needed in negotiating  procurement contract  transactions. By the end of this session, the learner should be able to;-

a)    Define the basic concepts and techniques in negotiations

b)    Appreciate the importance /purpose of negotiation in procurement

c)     Demonstrate the use of different approaches and styles of negotiation

d)    Understand the qualities of a good /successful negotiator

e)    Demonstrate the understanding of the negotiation procedure / process

f)     Tactics and strategies like body language used while negotiating

g)    Challenges or barriers to negotiation

h)    Prepare just, free, and transparent negotiations on behalf of their companies

i)      Learn how to solve disputes without conflicting with the concerned parties

management of the procurement contract as well  as terms and conditions required for  parties.

This module aims at 

1.     Understand Supply Chain Management as a wider concept than logistics

2.     Appreciate the impact on competitive advantages

3.     Consider the various interfaces in the organisational context and for internal and external stakeholders

4.     Evaluate different designs of the supply chain

5.      Understand the management of cross-functional drivers

Planning for procurement is one of the modules in procurement that emphasizes  on the need for procurement planning in an organization.