This course provides students with a comprehensive understanding of procurement and inventory management, focusing on optimizing total cost of ownership for products and services. Students will explore the significance of both strategic and tactical purchasing activities, supplier selection, quality assurance, and risk management. They will also delve into inventory optimization techniques to enhance decision-making on stocking, order management, and cost accounting.

A key component of the course involves applying quantitative methods to solve real-world problems, enabling students to develop actionable insights. By simulating the role of procurement managers, students learn to navigate challenges such as auctions, contract management, and supply chain disruptions.

We are seeking industry partners to collaborate on practical projects that align with course objectives. These partnerships will allow students to tackle real-world challenges in procurement, inventory management, and supply chain strategy. Your participation will provide valuable insights and innovative solutions to your organization while supporting the development of the next generation of procurement professionals.

Ideal Project Examples:

• Supplier selection and evaluation using analytical methods.
• Designing strategies to mitigate supply chain risks.
• Optimizing inventory levels to balance cost and service levels.
• Enhancing contract management practices through digital transformation.

Benefits of Collaboration:

• Gain fresh perspectives and innovative solutions from students.
• Build connections with future supply chain talent.
• Receive tailored project deliverables addressing your organizational needs.

• Supplier selection and evaluation using analytical methods.
• Designing strategies to mitigate supply chain risks.
• Optimizing inventory levels to balance cost and service levels.
• Enhancing contract management practices through digital transformation.