•   Purchasing FEK22VIL01-3003 16.09.2024-30.11.2024  3 credits  (FEK23D-V) +-
    Competence objectives of the study unit
    Students
    - understand how purchasing and a purchasing organization works in a company
    - know the cost picture in the purchase process
    - are able to analyze the supplier selection and know what criteria applies to outsourcing
    - are aware of the role of purchasing in the value chain.

    In addition, the student should be able to:
    -evaluate their own work and that of others
    -critically study and give feedback to report works
    -crictically evaluate different technical methods
    -account for and discuss opinions
    Prerequisites
    Logistics and ERP
    Content of the study unit
    -Purchasing process, buying behavior
    -Organization and structure of purchasing
    -Supplier relationship
    -Contracts and laws
    -Public procurement
    -Ethics and good practice
    -Negotiations and contracting
    Assessment criteria
    Assessment criteria – satisfactory (1-2)
    Knows many of the core concepts of the area
    Knows the connection between purchasing, costs and profit
    On request, can analyze an existing purchasing portfolio, and draw conclusions about what should be prioritized.
    Knows the importance of purchasing to corporate profits, and knows that international purchasing is an opportunity.
    Can participate in a discussion about purchasing.
    Assessment criteria – good (3-4)
    Can understand texts that deal with the current theme
    Understands how effective and efficient purchasing is the basis for a company's production and sales.
    Can independently analyze and develop a premade plan
    Can specify which problems you can encounter in international purchases
    Can hold a presentation about purchasing.
    Assessment criteria – excellent (5)
    Can learn from versatile literature about purchasing.
    Can propose the most optimal methods of purchasing internationally, from a cost and time perspective.
    Can evaluate and propose improvements for a plan
    Can argue for and against different strategies and models for international purchasing.
    Can describe and explain the role of the purchasing function and its meaningfulness to third parties
    Name of lecturer(s)

    Teemu Myllylä

    Learning material

    Wallace, Walter L., Xia, Yusen L. & Render, Barry 2015. Delivering customer value through procurement and strategic sourcing : a professional guide to creating a sustainable supply network. Pearson.

    Learning methods

    Lectures, visitor, group work, peer evaluation and presentations.

    Teaching language

    English

    Timing

    16.09.2024 - 30.11.2024

    Enrollment date range

    15.06.2024 - 17.09.2024

    Group(s)
    • FEK23D-V
    Responsible unit

    Faculty of Business

    Small group(s)
    • FEK23-I (Size: 30.
    Teachers and responsibilities

    Teemu Myllylä

    Degree Programme(s)

    Degree Programme in Business Administration

    RDI share

    0.00 credits

    Share of online studies

    0.00 credits

    Assessment scale

    H-5

    Practical training and working life co-operation

    Visiting Lecturer

    Exam dates and retake possibilities

    No Exam. Grade given based on the performance and quality of course assignments.

    Timing and attendance

    Autumn 2024

    Student's schedule and workload

    Total work load of the course: 81 h - of which scheduled studies: 31 h - of which autonomous studies: 50 h