POM 5311
Purchasing and Materials Management (3-0)
This course addresses the issues related to the efficient and effective management of supply and materials function. The course primarily focuses on the management of materials and the control of materials costs in businesses and institutional enterprises. It emphasizes purchasing as the primary materials activity. At the same time, it explicitly integrates the purchasing activity with all other materials activities. Some of the topics include: The role, objectives, policies, operating procedures and organization of purchasing and materials management; sources of supply, pricing and cost analysis; make or buy decisions; standardization, negotiation; legal, ethical, and international considerations; value analysis/engineering; inventory and production planning, other related topics. Prerequisites: POM 5308 and department approval.
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