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LG 424 Purchasing and Vendor Management
Park, Gary R.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

LG 424 Purchasing and Vendor Management

Semester

S2M 2006 CH

Faculty

Park, Gary R.

Title

Instructor/Adjunct Faculty

Degrees/Certificates

M.A. Human Resource Management
B.S. Management/HR Manangement

Office Location

Joint Education Center Bldg. 4335

Office Hours

30 minutes prior to each class

Daytime Phone

(252) 464-8909

E-Mail

gary.park@park.edu

parkg64@earthlink.net

Semester Dates

March 13, 2006 - May 07, 2006

Class Days

-M-W---

Class Time

7:30 - 10:00 PM

Credit Hours

3


Textbook:
Leenders, Johnson, Flynn, and Fearon, Purchasing and Supply Management, 13th Edition, 2005. McGraw-Hill
ISBN 0072873795



Course Description:
A study of the procurement and contracting process including planning, developing, and contracting for major systems.  Topics include: purchasing policy and strategy, value, analysis engineering, quality assurance, make-or-buy decisions, principles of inventory management, institutional and government purchasing management.  3:0:3.

Learning Outcomes:
  Core Learning Outcomes

  1. Explain the term supply management. Contrast supply management with government procurement.
  2. Define and explain the three types of buyer-supplier relationships. The student should include a discussion of transactional, collaborative and alliance relationships.
  3. Explain the significance of specifications and standards in the requirements process. The student should include a discussion of the categories of specifications, to include standardization.
  4. Discuss the issues involved in sourcing and outsourcing. The student should include a discussion of the make or buy decision, selection of suppliers, and global supply management
  5. List the general types of contract compensation. The student should include a discussion of firm fixed price, firm fixed price with price adjustment, incentive, fixed price incentive fee, cost plus incentive fee, cost plus fixed fee, and cost sharing.
  6. Explain the objectives of negotiation. The student should include a discussion of the process and techniques.


Core Assessment:


Class Assessment:
Demonstrating mastery of the course learning outcomes  identified above through class discussion, quizzes, and examinations will be the basis for each student's final grade.

Grading:
Class Participation/Discussion/Quizzes 20%
Term Project   20%
Mid-Term       30%
Final          30%

Late Submission of Course Materials:
Late submission of assignments will be considered on a case by case basis.

Classroom Rules of Conduct:
Assigned reading must be accomplished prior to class.  Students are expected to fully participate in all classroom discussions.  Each student's ability to express well-grounded opinions and demonstrate reasonable comprehension of the assigned material is essential, and constitutes a significant portion of the final grade.

Course Topic/Dates/Assignments:
Mar 13 Course Overview, Chapters 1 Purchasing and Supply Management, 2 Supply Organization
Mar 15 Chapters 3 Supply Processes, 4 Information Systems and Technology

Mar 20 Chapter 5 Quality, Specification, and Service   Last Day of Add/Drop
Mar 22 Chapter 6 Quantity and Inventory

Mar 27 Chapters 7 Transportation and Delivery, 8 Price
Mar 29 Chapter 9 Cost Management, Discounts, and Negotiation

Apr 03 Chapter 10 Supplier Selection, Mid-Term Review
Apr 05 Mid-Term/Last Day of Partial Refund for Withdrawal 4/9

Apr 10 Chapters 11 Investment Recovery, 12 Supply Law and Ethics
Apr 12 Chapters 13 Research and Metrics, 14 Global Supply /Last Day of Withdrawal 4/16

Apr 17 Chapter 15 Public Supply Management
Apr 19 Chapters 16 Capital Goods, 17 Services  

Apr 24 Chapter 18 Make or Buy, Insourcing, and Outsourcing/Term Project Due
Apr 26 Chapter 19 Supplier Relations  

May 01 Chapter 20 Strategy in Purchasing and Supply Management/Final Review
May 03 Final Exam

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2005-2006 Undergraduate Catalog Page 85-87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is copyright and can not be reused without author permission.