Procurement Tactics and Operations 2020 SEMI

As competitive pressures of the global economy continue to intensify, clear procurement procedures in organizations have become more important than ever. The procurement function that was initially considered to be a cost center is now one of the most profit generating centers within organizations. The share of the procurement spend in the overall revenue is increasing because of the developments such as ‘back to core business’, outsourcing, specialization, quality management techniques, value analysis and engineering techniques. This course will therefore enable students understand tactics that can be deployed and how procurement can recessionary be handled within today’s competitive environment.