vcc.ca
OPMT 1240: Procurement, Contracts & Supply Management
Effective date
May 2025
Department
Global Supply Chain Management
School
Hospitality, Food Studies and Applied Business
Description
In this course, students will examine the complexities of Procurement, Contracts & Supply Management, including strategic sourcing decisions, hidden costs of outsourcing, centralized versus decentralized purchasing, and tactical supply chain choices. Students will explore advanced supplier selection methods, including Vendor-Managed Inventory (VMI) strategies and technology integration. Students will also develop expertise in acceptance sampling plans and negotiation, while focusing on legal, ethical, and sustainable aspects integral to modern procurement practices.
Credits
3.0
Year of study
1st Year Post-secondary
Prerequisites
None
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Discuss procurement planning, sourcing, and contract management.
- Explain the core concepts and significance of Procurement and Supply Management, incorporating the legal, ethical, and sustainable aspects
- Analyze and optimize sourcing decisions within supply chains, considering benefits and drawbacks, including VMI implementation strategies
- Design and implement sourcing portfolios, considering the hidden costs of outsourcing and the application of VMI technologies
- Evaluate centralized and decentralized purchasing models, applying strategic and tactical decision-making, integrating VMI benefits and technology considerations
- Implement supplier selection methods such as Weighted Factor and Analytic Hierarchy Process (AHP)
- Assess acceptance sampling plans, including single and multiple plans in line with Military Standard 105E, ensuring efficient procurement quality control strategies
- Develop negotiation and auction management skills in procurement, considering the legal, ethical, and sustainability aspects integral to procurement practices
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, groupwork, case studies.
Grading System
Letter Grade (A-F)
Passing grade
D
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Midterm Exam |
20 |
|
|
Final Exam |
30 |
|
|
Assignments |
20 |
Individual and group assignments |
|
Quizzes/Tests |
20 |
Two or more quizzes |
|
Participation |
10 |
|
Course topics
- Introduction to Procurement and Purchasing Management Strategic Sourcing and Supplier Selection Supplier Relationship Management Contract Management and Negotiation Ethical and Sustainable Procurement Practices Procurement and Supply Chains within, to, and from Indigenous businesses E-Procurement and Technology in Purchasing Supplier Performance Measurement and Evaluation
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.