PROCUREMENT AND RISK MANAGEMENT

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN225565
Module Leader Niladri Palit
School Glasgow School for Business and Society
Subject Management
Trimester
  • A (September start)

Summary of Content

This module aims to develop critical knowledge and understanding of the issues in managing risk within the supply chain. The module examines how modern supply chain networks can be managed to minimize risk and the range of tools available. The module will also examine supply chain networks and risk assessment, configuration, integration of supply chains, the application of innovative technologies and building strategic partnerships. This module also examines contemporary issues and challenges presented through supply chain management such as sustainability and future directions. Summary of how PRME-related issues / topics are covered in this module: This module addresses a number of PRME issues. Specifically, areas relevant to PRME considered in this module are: Risk and ethical issues in outsourcing of supply chain functions Ethical issues within globalisation of supply chains and visibility along the whole chain.

Syllabus

Development of procurement and risk management strategies Evaluating the role of an organisation's stakeholders in the procurement and risk management process Building a risk-aware culture within procurement and the wider organisation Determining, evaluating and adopting strategies to mitigate supply chain vulnerability Managing supply chain disruptions and prioritisation of risks Risk management tools, such as time and performance measures Current procurement and supply chain configurations/solutions, such as outsourcing/offshoring and their overall impact on risk in the supply chain The effect of network relationships on global supply chain vulnerability and governance issues Innovative technologies and their role in supply chain knowledge transfer, supply chain integration and risk reduction Developments in procurement technology, sustainability and innovation. -34

Learning Outcomes

On successful completion of this module, the student should be able to:1. Demonstrate a critical understanding of the main theories, principals and concepts in procurement.2. Critically analyse the contribution of procuremetn planning and control to risk management across supply chain networks.3. Demonstrate a critical understanding of the importance and methods of building strategic procurement partnerships.4. Critically evaluate contemporary issues and challenges within procurement and suppy chain risk management.

Teaching / Learning Strategy

This module will be delivered as lectures and seminars and the GCULearn will act as a platform to provide further support for learning. This module encompasses lectures, seminars, case studies and industry engagement to contextualise both theory and concepts. The lectures aim to develop an understanding of theories, tools, and techniques relating to understanding and mitigating risk in the supply chain. Seminars make use of case studies and management exercises that enable students to apply tools and techniques to solve problems. A supportive learning environment ensures that students are encouraged to critically discuss, consolidate and deepen their learning with student peers by sharing experiences, testing out ideas and receiving feedback on their level of understanding. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

Bozarth, C., and Handfield, R. B., 2016 . Introduction to Operations and Supply Chain Management . 4 th Edition. Boston, Pearson Prentice Hall. Cohen, S. and Roussel, J., 2013. Strategic supply chain management: The 5 disciplines for top performance . 2 nd edition. New York, McGraw Hill Professional. Cook, T.A., 2015. Driving Risk and Spend Out of the Global Supply Chain . Boca Raton. FL: CRC Press, Taylor , and Francis Group . Cousins P., Lamming R., Lawson B. and Squire, B. 2008. Strategic Supply Management: Principles, Theories & Practice. Harlow, Prentice Hall Harrison, A., Van Hoek, R., and Skipworth, H. 2014. Logistics Management & Strategy: Competing through the supply chain. 5 th Edition . Harlow, Pearson. Kaye D. 2008. Managing Risk and Resilience in the Supply Chain . London [England: BSI Business Information] Lysons, K. and Farrington, B., 2016. Purchasing and supply chain management . 9 th Edition. Harlow, Pearson Education. Monczka, R. M., Handfield, R.B., Guinipero, L., and Patterson, J. 2016. Purchasing and supply chain management . 6th edition. Massachusetts: Cengage Learning. Slack, N., Chambers, S. and Johnston, R. 2016. Operations Management, 8th Edition, Prentice Hall. Van Weele, A.J. 2014. Purchasing & Supply Chain Management . 6 th Edition. South-Western Cengage Learning. Waters, D., 2011. Supply Chain Risk Management: Vulnerability and Resilience in Logistics . Kogan Page Publishers. Wisner, J.D., Tan, K.C. and Leong, G.K.,.2016. Principles of supply chain management: A balanced approach. 4 th Edition. Boston, MA: South Western/Cengage Learning. Wu, T. and Blackhurst, J. 2009. Managing Supply Chain Risk and Vulnerability Tools and Methods for Supply Chain Decision Makers . [Online]. London: Springer London. Journals International Journal of Operations & Production Management International Journal of Physical Distribution & Logistics Management Journal of Supply Chain Management Supply Chain Management Review Material will also be drawn from a range of online sources such as: www.cips.org.uk <http://www.cips.org.uk> (Chartered Institute of Procurement & Supply) www.iomnet.org.uk <http://www.iomnet.org.uk>(The Institute of Operation Management)

Transferrable Skills

The following transferable skills are embedded within the modules: -360b7 independent learning; -360b7 research; -360b7 critical thinking and analysis; b7 problem-solving; b7 creativity and innovation; b7 interpersonal skills; -357b7 communication skills (written and oral); -357b7 reflective learning -360

Module Structure

Activity Total Hours
Lectures (FT) 24.00
Tutorials (FT) 12.00
Independent Learning (FT) 124.00
Assessment (FT) 40.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 02 n/a 50.00 35% Critical Analysis Report (2000 words) - Week 15
Course Work 01 n/a 50.00 35% Investigative Report (2000 words) - Week 10