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Advanced Supply Management

The course is intended to highlight the evolution of concepts and methods relating to purchasing development. Starting with basics, we will progress to strongly quantitative oriented approaches. By the conclusion of the specified learning activities, students will be able to apply and analyse different procurement policies within the organization's structure.
Course code
SCM604
Course type
MSc Course
Weekly Hours
2,5
ECTS
5.0
Term
FS 2021
Language
Englisch
Lecturers
Prof. Dr. Felix Reimann
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

Looking back over the past twenty years, competitive sourcing created significant value for companies by driving substantial cost savings directly to the bottom line. However, the widespread use of standard professional sourcing techniques has eroded the major advantage that it had for pioneers in the 1990s and in the early years of the new century. Since the financial crisis, macroeconomic forces and global competition have created an even more turbulent and uncertain business environment; just saving money on external expenditures will not be sufficient for firms to stay competitive and survive in the years to come. This course will familiarize you with more advanced supply strategies that target at creating value beyond cost, e.g., value chain optimization through supplier assessment/development, risk management, and contracting. You will be able to understand decision schemes behind these concepts both from a theoretical/scientific and managerial perspective. Real-life relevance is a key objective of the course.

The learning objectives are:

(1) Acquire in-depth knowledge of various supply management strategies

(2) Gain an understanding of the theories and paradigms that build the foundation of advanced supply management research and practice

(3) Get new perspectives on purchasing/supply management issues from class discussions with fellow students, academics, and industry experts sharing their work experiences

Date Time
Monday, 08.03.2021 09:45 - 13:00
Wednesday, 10.03.2021 11:30 - 13:00
Wednesday, 17.03.2021 09:45 - 13:00
Thursday, 18.03.2021 17:15 - 20:30
Friday, 19.03.2021 08:00 - 09:30
Monday, 22.03.2021 17:15 - 20:30
Thursday, 25.03.2021 11:30 - 15:15
Monday, 12.04.2021 09:00 - 10:30
This course will familiarize participants with advanced supply strategies that aim at creating value beyond cost. These include value chain optimization through supplier assessment/development, risk management, and contracting. Participants will be able to understand decision schemes behind these concepts both from a theoretical/scientific and managerial perspective. Real-life relevance is a key objective of the module.
Required and optional readings will be specified in the course syllabus.
Interactive class discussion, case-based group work, developing an academic mini lecture, and discussions with guest speakers from management practice
Class Participation (10%), Pre-class Polls (10%), Academic Mini Lecture (25%), Exam (55%)
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