In this course, students are introduced to the purchasing function as well as procurement and contract management.
Knowledge
After completing the course, students will:
- Have deep professional knowledge in procurement management.
- Be familiar with the use of digital tools as a basis for decision-making in strategic procurement work.
- Understand how external factors such as market structure and internal factors such as the organization's structure influence a company's procurement strategy.
- Understand when and how various tools like bonuses, options, and guarantees can be used to provide incentives to suppliers.
- Have insight into basic contract law and procurement regulations in Norway and the EU.
- Understand key procurement theories.
- Understand the importance of procurement activities for the organization.
Skills
After completing the course, students can:
- Contribute to the development of procurement processes.
- Handle complex procurement-related issues and challenge established knowledge and practices within procurement management.
Competence
After completing the course, students can:
- Reflect on different sourcing and procurement strategies and evaluate their usefulness in specific cases.
- Reflect on how the company's procurement of goods and services can impact the company's triple bottom line.