LEARNING OUTCOMES
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 what is the significance and strategic role of external resources in contemporary organizations and is capable of:
1) Designing and developing (purchasing) categories that support effective external resource management
3) Carrying out spend analysis and utilize it to support external resource management
4) Designing category strategies and choosing tactical sourcing levers that support the strategy
5) Executing total cost of ownership analysis and use it in external resource management
6) Executing supply market analysis for developing supply market intelligence (SMI)
7) Carrying out systematic sourcing process and preparing for contract negotiations
8) Using both competitive and collaborative incentives for managing suppliers
9) Leveraging external resources in innovation activities
10) Making systematic and justified make-or-buy decisions
11) Dealing with the specifics of public and service purchasing
12) Considering sustainability perspective in the management of external resources
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.
Credits: 3 - 5
Schedule: 04.09.2024 - 27.11.2024
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Kari Tanskanen
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Basic principles of managing external resources, sustainable purchasing and supply management, systematic sourcing process, make or buy decisions and outsourcing, categorizatin and analysing firms' external spend, total cost of ownership, sourcing strategies and tactical sourcing levers, supply market intelligence, supplier selection, managing interorganizational relations, service purchasing and supply management, public procurement.
Assessment Methods and Criteria
valid for whole curriculum period:
3 cr course: weekly assignments and workshops (100%)
5 cr course: weekly assignments and workshops (60%), empirical assignment (40%)In addition, students (both in 3cr and 5cr courses) must answer correctly to all quizzes in the course videos. The quizzes can be retaken as many times as necessary.
Workload
valid for whole curriculum period:
3 cr course: Weekly assignments 60h + workshops 20h = 80 hours total
5 cr course: Weekly assignments 60h + workshops 20h + empirical assignment 55h = 135 hours total
DETAILS
Study Material
valid for whole curriculum period:
Podcasts and course reading provided in MyCourses.
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
12 Responsible Production and Consumption
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Autumn I - II
2025-2026 Autumn I - II