SHE level 11 SCQF credit points 15 ECTS credit points 7.5 Module code MMN230770 Module Leader Shawn Zhou School Glasgow School for Business and Society Subject Management Trimester B (January start)
Summary of content This module develops a critical understanding of how the procurement function supports business needs from both a commercial and an environmental, social and governance (ESG) policy perspective, covering procurement regulations and best practice relating to procurement tendering, supplier selection and supplier monitoring process. This encompasses the development of contract specifications; supplier evaluation including financial due diligence; and the negotiation of appropriate contractual terms and conditions from both commercial and legal perspectives. Also covered is best practice in relation to supplier performance monitoring and contract management including the role of financial and non-financial key performance indicators. Embedded in the module is the importance of evaluating risk at each stage of the procurement process.
Module details Syllabus arrow_forward • Adding value through procurement, including financial impact and environmental, social and governance (ESG) policy considerations. • Strategic and operational sourcing processes; Procurement spend analysis; Category management; Procurement risk and Kraljic Matrix. • Pricing and cost analysis, including transaction cost analysis and the total cost of ownership. • Procurement tendering process and procurement regulations in the private, public and third sectors. • Specification of business needs and role of stakeholders. • Supplier pre-qualification including environmental, social, governance (ESG) and financial due diligence evaluation, including cash flow, sales; profitability; Tender evaluation, application of the supplier selection matrix. • Contract negotiation, pricing strategies, commercial and legal contract terms and conditions (T&Cs). • Procurement risk management, including pricing, cost control, exchange rates, tariffs, financial hedging and insurance. • Monitoring supplier performance; Key Performance Indicators (KPIs), Service Level Agreements (SLAs) and supplier relationship management.
Learning outcomes arrow_forward On successful completion of the module students should be able to: 1. Demonstrate a critical understanding of how the procurement function supports business needs from both a commercial and an environmental, social and governance (ESG) policy perspective. 2. Critically discuss best practice in category management, specification of business needs and approaches to supplier sourcing that meet relevant procurement regulations. 3. Critically evaluate supplier evaluation processes including carrying out financial due diligence in line with procurement risk management best practice. 4. Critically assess the application of appropriate contractual terms and conditions from both commercial and legal perspectives. 5. Demonstrate a critical understanding of the risks associated with different approaches to supplier performance and relationship management in procurement contracting.
Teaching / learning strategy arrow_forward The teaching and learning strategy of the module centres around lectures and seminars with learning materials available via the module virtual learning environment (VLE). Lectures provide insight into academic thinking, research and regulations relating to procurement best practice. The seminars are designed to allow students to deepen their level of understanding of procurement and apply theory into practice using case studies, role-playing exercises and research activities that are focused around the coursework. Given the coursework is a single report of 4000 words students are given the opportunity in the seminars to participate in tutor and peer review activities to receive formative feedback. The seminars use small group working and plenary class discussion in order to encourage peer learning and also to develop transferable soft skills relating to oral communication, team working, problem solving, analytical and critical thinking skills.
Transferrable skills arrow_forward Key transferable skills include: - Self-management: planning, time management, critical reflection and self-evaluation of own learning and development; - Critical thinking, analysis and problem solving; - Effective communication and negotiation skills; written, oral, listening and participation; - Team working and interpersonal skills; - Research, literature searching and report writing skills.
Module structure Activity Total hours Lectures 11 Tutorials 0 Practicals 0 Seminars 22 Independent Learning 77 Assessment 40 Placement 0
Assessment methods Component Duration Weighting Threshold Description Course Work001 100 45 Report (4000 words)