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Module Code Module Title : Supply Management (Supply Chain Management Stream) ISCED Pre-Requisite Co-Requisite Last Revision ECTS Credits Code Module Code(s) Module Code(s) Date June 2010 5 School: Management Module author: Margaret Farrell, M Sc, M.I.E., B Sc, Dip Eng Module Description Purchasing and Supply Management, as a discipline, has changed considerably for many companies over the last few years. It is recognized that adoption of effective supply strategies has the potential to contribute to or drive corporate strategy, thus impacting on the competitive success of modern organisations. The need for effective Supply Management continues to grow in line with increasing global competition, global sourcing and strategic outsourcing. The increasing significance of higher quality bought in goods and services, mass customization, and the growing importance of speed of delivery and adoption of just-in-time production are key considerations in strategic supply management. Outsourcing is seen as a popular strategic solution within industry, but whose advantages can be elusive. Quite often managers fail to fully appreciate the long term and high levels of commitment associated with true strategic outsourcing Getting full value out of supplier relationships is an elusive goal for many companies, even those with robust supply management programmes. Partnerships and relationships must become embedded within an organisation’s overall strategy. This is particularly true if the full benefits of strategic supply and outsourcing are to be achieved. This module seeks to generate an understanding of supplier management, strategic outsourcing and partnering within a supply chain context. It will highlight the challenges involved, and route maps for success and the potential rewards. Module Aim The module aims to position procurement within the supply chain and show how it can contribute to the organisation’s business strategy and ultimate performance. It aims to explore the key procurement operations and strategies, demonstrating their application within the supply chain, and to develop the key purchasing decisions, implications and frameworks. The student will be exposed to a wide range of outsourcing strategies, choices and methods as well as investigating and evaluating supply chain relationships and partnerships. There will be an emphasis in the programme on methods for developing and managing strategic supply management and outsourcing. This will enable the student to evaluate the most optimal course of action for the business. Module Code Module Title : Supply Management (Supply Chain Management Stream) ISCED Pre-Requisite Co-Requisite Last Revision ECTS Credits Code Module Code(s) Module Code(s) Date June 2010 5 Module Content Procurement within the Supply Chain The role of purchasing and supply in the organisation and within the supply chain, development of the purchasing function; contribution of purchasing to effective supply chain management. Organising and Managing the purchasing function - aligning procurement and supply strategies within the organisation; policy and objective setting. Strategic Procurement Supply base reduction, supplier development, relationships, outsourcing, globalisation, technology. Purchasing’s role in specification development, value analysis, technology, product development, green issues, integration into the strategic plan, early supplier involvement. Vendor Selection and Vendor Management (Operations & Documentation) The procurement process, documentation (RFI, RFQ, PO, GRN…) and ICT. Tendering and negotiation. Implementing the strategic objectives, e.g., the seven rights, TQRDCEB. Contract, agreements, terms and conditions. Balancing the seven rights. Total cost analysis, weighted point plan, categorical analysis. Developing management metrics, supplier development. Supplier performance appraisal; establishing supplier performance objectives and measurement criteria; tools and techniques to monitor supplier quality and performance; how measuring quality of services differ from measuring hard goods. The Outsourcing Landscape Outsourcing as the business trend, expanding to include operational, tactical and strategic. Examine outsourcing initiatives in relation to the aims, scope, the rational and drivers, and the benefits and costs. Identify the potential pitfalls. The Value Chain – implications of outsourcing. Outsourcing Framework Examine the network of decisions that have to be evaluated before a final decision can be made, e.g. planning, risk, core competency. Evaluate outsourcing decisions from strategic resources perspective, from a transaction cost perspective & from short-term cost perspectives. Integrate the business environment, strategic alignment and competitive advantage. Outsourcing Process/ Methodology compare and contrast available processes & match to outsourcing initiative. Examine each aspect of process. Forming strategic partnerships and alliances Traditional vs. contemporary understandings of supply chain relationships; Customer focus in the supply chain; Alignment theory; Reasons for seeking partnerships Collaborative advantage – the art of strategic relationships; Horizontal and vertical critical interfaces; Criteria for successful relationships; Basis of partnership. Strategic partnering Interdependence indicators and assessment; Relationship/response issues as a function of the extent of the relationship; Strategic partnering methodology; Supplier-distributor joint planning activities; Problems in supply chain partnerships; Supplier development.
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