Sourcing: Managing the Firm's Supply Base - Sourcing: Managing the Firm's Supply Base, Group D 1

Participation Prerequisites

No prerequisites

Course Content

Sourcing, also called Procurement, Purchasing, or Supply Management, is key to achieving competitive advantage: the objective is to obtain privileged access to resources outside the firm boundaries. A firm's supplier ecosystem can be a source of innovation, efficiency, and the ability to scale. At the same time, the supply network connects the firm with significant sources of risk and often constitutes a significant part of the firm's overall environmental and social impact. This course will provide you with strategy essentials that help you to navigate these interdependencies, including the latest global developments. It will enable you to effectively manage the triangle of "cost out, value in, managing risk" from a procurement perspective. The course combines theoretical fundamentals and practical insights and provides you with opportunities to interact with procurement executives. What you learn in this course is useful beyond the immediate field of procurement. In your role as entrepreneurs, consultants, financial analysts, and senior executives, you will need to understand and manage the significant impact of supply strategy on the firm's "triple bottom line": Financial, economic, and social performance.

Intended Learning Outcomes and Competencies

• Gain an appreciation of the strategic role of sourcing/procurement
• Understand the impact of the supplier network on achieving the environmental and social goals of the firm
• Acquire in-depth knowledge concerning major theories, concepts, and tools needed for successful sourcing/procurement
• Receive a set of practical tools to support procurement decision-making
• Gain competence to apply these sourcing concepts and tools in specific contexts
• Practice working in diverse teams on complex projects

Instruction Type

Präsenzstudium

Form of Examination

Please note: In case you need to retake the module (because of having failed the module at the first attempt), your grade will be based exclusively on a resit exam.

Literature

Primary literature, including case studies, will be included in the course pack. Secondary literature will be announced in the course pack.