Procurement of goods and services is an essential business task that has traditionally targeted short-term supply cost reduction. Globalisation and outsourcing creates opportunities for enterprises to better align procurement with longer term corporate strategies. However, this requires collaboration and negotiation within and between organisations, rethinking the role of procurement teams and reconsidering the impacts of sourcing decisions. Stakeholder demands for greater corporate social responsibility require procurement teams to take a strategic approach to spend, category management and sourcing decisions, moving beyond regulatory compliance to facilitate environmentally and socially sustainable outcomes. Ethical and sustainable procurement and logistics creates value for organisations by protecting brand integrity and improving communication, productivity, performance measurement, innovation and supplier diversity. This unit takes a strategic view of procurement, looking beyond the up-front costs and showing how purchasing decisions that consider resilience, entire life cycle costs, environmental and social risks and benefits provide better value. This requires rethinking the involvement of the procurement teams in the design, manufacture, selling and recycling of products and transformation of logistics management practice. Students practice negotiation in realistic industry workshops and gain new insights into effective and persuasive communication for global logistics and supply chain management.
|Academic unit||Transport and Logistics Studies|
|TLS5020 or ITLS5000 or ITLS5250 or TPTM5001 or SUST5001|
At the completion of this unit, you should be able to:
Unit outlines will be available 2 weeks before the first day of teaching for the relevant session.