PS2S77 - Procurement and Strategic Sourcing 01 Sep 2019 - 31 Aug 2027 | Version 3
Associated Module Information
| Module Code: | PS2S77 | ||
|---|---|---|---|
| Module Title: | Procurement and Strategic Sourcing | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Operations Management | ||
| Faculty Sub Group: | Operations Management | ||
| Module Leader: | Scott Parfitt | ||
| Module Team: | Victoria Pledger, Simon Thomas, Luke Evans | ||
| First Intended Intake: | FEB 2016 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 5 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100078 - business and management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 3 |
|---|---|
| Valid From | 01 Sep 2019 |
| Valid To | 31 Aug 2027 |
Module Aims
Understand the main options for sourcing of requirements from suppliers and develop a plan for sourcing goods or services from external suppliers
To explore how Procurement can categories key organisational expenditures
To understand how categorising expenditure can elevate the levels of strategic sourcing within procurement function
To understand and measure the impact that procurement & strategic sourcing can have on overall organisational performance.
Content Summary
The sourcing process in relation to procurement
• Approaches to the sourcing of requirements from suppliers
• Selection and award criteria when sourcing.
• Consequences to the supply chain when sourcing.
• Assess sources of information on market data that can impact on sourcing.
• The main processes used for obtaining quotations and tenders.
• Methods of categorising expenditures for strategic sourcing
• The Strategic Acquisition Process
• Skills required for strategic sourcing
• Understanding key supply market data and factors to manage the supply market
• Determining routes to supply for strategic sourcing strategies
• Working and communicating with key stakeholders
• The management of change when implementing the strategic sourcing process
• Creating key performance measures for strategic sourcing
• Managing contacts, suppliers, risk & volatility in the strategic sourcing process.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 10 |
| Seminar | 30 |
| Independent Study | 90 |
| Directed Study | 60 |
| Formative Assessment - Independent | 2 |
| Groupwork | 8 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | To understand the approaches available that can be adopted to develop strategic sourcing for a mix of procurement expenditures in developing innovative procurement & supply strategies. |
| LO2 | To develop, implement and measure a strategy for a strategic sourcing |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Oral Assessment (CW) | Presentation (CW) 1 | The aim of this assessment is to understand the approaches available that can be adopted to develop strategic sourcing for a mix of procurement expenditures in developing innovative procurement & supply strategies. | 15 | N/A | 50 | No | 40 |
| Written Assignment (CW) | Essay (CW) 1 | To develop, implement and measure a strategy for a strategic sourcing | 0 | 2500 | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Presentation (CW) 1 | ✔ | ✔ | |
| Essay (CW) 1 | ✔ | ✔ | |