SCM6004 - Strategic Procurement Management

Year of Study:1 or 2
Credit Units: 3
Duration: 45hours
Prerequisites: SCM6002 Global Supply Chain Management
Module Description
Strategic Procurement Management (SPM) is a cornerstone for businesses to pursue competitiveness and prosperity in the dynamic market environment. It serves as a business strategy directing the competitiveness of organisations and the performance of associated supply chain. To this end, employees who possess full-borne knowledgeable of performing and managing various SPM activities such as supply sourcing and outsourcing, supply chain integration, supply chain costing, and contractual management and control, become the valuable and non-substitutable assets to the businesses.

This module aims at providing students with advanced concept and techniques of SPM. They will learn state-of-art knowledge and skills of SPM and prepare themselves for becoming the procurement professionals and playing a key role in organisations who is responsible for making strategic procurement decisions based upon a holistic view of operations and supply chain management perspective.
Learning Outcomes
Upon completion of this module, students should be able to:

  1. describe contemporary and leading-edge concepts of SPM;

  2. explain SPM processes at both strategic and operational level;

  3. make decision on adopting SPM strategies, systems and practices;

  4. apply learnt techniques to analyse SPM processes; and

  5. organise and build structure for SPM implementation.