BU1273 Purchasing and Supplier Management
May 3, 2022
This course introduces the student to Purchasing and Supply Management. The term “Purchasing” describes the process of buying: learning of a need, locating and selecting a supplier, negotiating a price and other pertinent terms, and following up to ensure delivery. “Supply Management” refers to an organizational structure where there is a single manager responsible for the planning, organizing, motivating, and controlling of all those activities principally concerned with the flow of materials into an organization.