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Unit of Study

Contemporary Procurement
UoS Code ITLS6003
Credit points 6
Offered Semester 1
Prerequisites None
Corequisites ITLS5000 or TPTM5001
Prohibitions TPTM6400
Assumed Knowledge
Additional Information
Lectures 10 x 2.5 hr lectures/tutorials, 6 x 3.5 hr workshops
Assessment quiz (20%), group report (30%), final exam (50%)
Description Globalisation of supply markets and changing regulatory environments pose new challenges for strategic procurement. This unit explores the role that procurement departments in both manufacturing and service sectors can play in generating cost savings for companies competing in volatile global marketplaces. Students will gain practice-based insights into internal and external relationship management issues, category-specific sourcing strategies, sourcing risks, and, spend management and contract management strategies. The unit will draw on a number of international cases to illustrate key concepts. The content is suitable for both early career procurement professionals as well as students considering procurement as a future career option.