Credits: 3

Schedule: 11.09.2019 - 04.12.2019

Teaching Period (valid 01.08.2018-31.07.2020): 

I-II autumn (2018-2019, 2019-2020)

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The purpose of the course is to familiarize the students with opportunities, challenges, principles and tools of managing resources which are outside a firm's organizational boundaries for improved effectiveness, efficiency, and innovation. After passing the course the students knows how to 1) make outsourcing decisions, 2) design supply management strategies, 3) analyze firm's external spend, 4) find and select external partners, 5) initiate and manage interorganizational relationships, 6) utilize external partners in innovation and learning, and has got a good and comprehensive understanding of modern purchasing and supply management practices and the underlying theories.

Content (valid 01.08.2018-31.07.2020): 

Basic principles of managing external resources, systematic sourcing process, make or buy decisions and outsourcing, analysing firms' external spend, total cost of ownership, sourcing strategies, supply market intelligence, supplier selection, managing interorganizational relations, service purchasing and supply management, public procurement.

Details on the course content (applies in this implementation): 

The purpose of the course is to familiarize the students with opportunities,
challenges, principles and tools of managing resources which are outside a
firm's organizational boundaries for improved effectiveness, efficiency, and
innovation. After passing the course the students knows

1) What is the significance and strategic role of external resources in
contemporary organitions

2) That are (purchasing) categories and what is their role in firm's
management

3) What is spend analysis and how it is utilized in external resource
management

4) How to design category strategies and leverage tactical sourcing levers

5) The principles of total cost of ownership analysis and its use in
external resource management

6) What is supply market intelligence (SMI) and SMI process

7) The systematic sourcing process and how to apply it in different
situations

8) What is the essence of interorganizational collaboration and
partnerships

9) How to leverage external resources in innovation activities

10) The process of making systematic and justified make-or-buy decisions

11) How to deal with the idioryncracies of public and service purchasing

The goal is to provide students both theoretical and conceptual tools to
deeply understand the field, and the skills to solve the challenging problems
in practice.


Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

5 cr course: exam, lectures and lecture assignments and group assignment.
3 cr course: exam (50%), lectures and lecture assignments.

Elaboration of the evaluation criteria and methods, and acquainting students with the evaluation (applies in this implementation): 

Exam is not obligatory, but you can take it if you want to raise your grade.

You must pass all ten lecture assignments. Quizzes in the end of videos are a part of the lecture assignment.

Workload (valid 01.08.2018-31.07.2020): 

Preparing for the exam and the exam: lectures and lecture assignments: 35 hours, group assignments and workshops (5 cr course only)

Details on the course materials (applies in this implementation): 

  • Videos, Podcasts, articles, and other published
    material in MyCources (See section "Lecture program and course
    readings")

Substitutes for Courses (valid 01.08.2018-31.07.2020): 

TU-22.1206 (5 cr version) or TU-22.1208 (3 cr version)

Course Homepage (valid 01.08.2018-31.07.2020): 

https://mycourses.aalto.fi/course/search.php?search=TU-E2040

Prerequisites (valid 01.08.2018-31.07.2020): 

TU-C2020 Operations Management

Registration for Courses (valid 01.08.2018-31.07.2020): 

Participation requires that the course is included in the personal study plan of the student (HOPS) - the more extensive course version must be in included in either 1) major or 2) minor studies of the student. The number of the participants can be limited on these grounds

Further Information (valid 01.08.2018-31.07.2020): 

.

Additional information for the course (applies in this implementation): 

Enrolling to 5 credit course takes by registering in an empirical
assignment group in MyCourses.


Description

Registration and further information