OPRE4340 - Purchasing and Sourcing Management

OPRE 4340 Purchasing and Sourcing Management (3 semester credit hours) Costs associated with purchasing may account for as much as 80% of cost of goods sold, so a small decrease in purchasing costs significantly impacts the bottom line. To support corporate strategy, management aims to reduce immediate costs and manage hidden elements such as quality, risks, and supplier relationships. Explores topics in purchasing and sourcing and necessary analytical tools, such as quality and quantity control and spreadsheet cost modeling, to prepare for purchasing, sourcing, and supply chain management careers. Prerequisite: OPRE 3310. (3-0) S