SU - 503 Strategic Procurement Management

Credits: 3

Cross listed with PM 503. Examines the role of procurement strategy and the use of outsourcing functional and business activities to create a competitive advantage for projects and organizations. Explore the relationship between supply chain and project management functions within an organization. Special topics to be addressed include: planning purchases and acquisitions; scope definition, supplier selection, proposal analysis, negotiation, effective performance management of suppliers, and contract management.

Prerequisite: PM 501/SU 501 recommended