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PTMBA2023_Core A Strategic Sourcing

The old saying {\uc1\u8220*}a penny saved is a penny earned{\uc1\u8221*} (Benjamin Franklin) is as up-to-date as ever. The increasing value percentage of purchased goods, the further opening up of global markets, highly volatile raw material prices, and the ever growing necessity to collaborate with suppliers already in the early phases of new product development underline supply management{\uc1\u8217*}s enormous leverage effect on overall company success. Supply management has thus become a key element in order to achieve competitive advantages.
Course code
MBA SCM542
Course type
PT MBA Lecture
Weekly Hours
2,5
ECTS
2,0
Term
FS 2022
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.

Increasing procurement spend/sales ratios, highly volatile raw material prices, and the ever growing need to collaborate with suppliers already in the early phases of new product development underline supply management’s importance for the overall success of a company. Supply management has become a key to achieving competitive advantage: the objective of supply management is to obtain privileged access to resources outside of the firm boundaries.

This course will provide you with in-depth knowledge of supply management essentials and selected concepts from this field, including strategic aspects of supply management and current developments. You will be able to manage the triangle of “cost out, value in, managing risk” from a purchasing perspective. These insights are useful not only if you pursue a career in purchasing, but also in other functions such as marketing/sales because you will be able to better understand the “other side”. Furthermore, entrepreneurs, consultants, investors, and general managers will be able to assess the strong impact of purchasing on company results and manage the function accordingly.

The course is structured into three main sections:

  1. Board perspective - strategic positioning and structures of sourcing as a corporate function
  2. Strategies for material groups / categories - leveraging competition, changing demand, cooperating & managing Risks
  3. Board perspective - performance management, in-sourcing /out-sourcing decisions
Date Time
Sunday, 12.06.2022 09:15 - 18:30
Saturday, 02.07.2022 09:15 - 18:30
Sunday, 03.07.2022 09:15 - 18:30
  • Gain an appreciation of the strategic role of supply management
  • Acquire in-depth knowledge concerning major theories, concepts, and frameworks needed for successful supply management
  • Practice practical tools that support your supply management decision making
  • Learn to apply these sourcing concepts and tools to specific contexts and situations
Course package with readings, cases, and videos
The course combines lecture parts / briefings, discussions, guest sessions, and case work-outs
  • 20% Individual contributions (in-class participation, pre-class polls, exercises)
  • 30% Team contributions (in-class cases)
  • 50% Final exam
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