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Purchasing Management

I.     Course Prefix/Number: MGT 130

       Course Name: Purchasing Management

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

None

III.   Course (Catalog) Description

Course provides a general background of fundamental purchasing concepts. Content includes specific studies for those in business and industry, who wish to expand their knowledge of purchasing management, such as price cost and value analysis; purchasing research; forward buying; purchasing systems; legal aspects of purchasing; make or buy decisions; and electronic data processing as it relates to the purchasing function.

IV.   Learning Objectives

1.    Understanding how quality is measured in deciding from whom to buy and how specifications describe that level of quality.
2.    Learning how value analysis, make-buy decisions and standardization are used to reduce costs while improving the product.
3.    Discovering how the most successful purchasing managers elect the best sources and how to most profitably allocate your requirements among several sources.
4.    Finding the methods used by your suppliers for arriving at their pricing and how to use that information to reduce costs.
5.    Developing skills in negotiating, in getting engineering to change their specifications, and in communicating your results effectively with your peers and the management hierarchy.
    6.    Learning how to manage stores, traffic, receiving and disposition of surplus.
7.    Learning how price breaks, discount terms, blanket orders and contract work and how to decide what is the appropriate method for each purchase.

V.    Academic Integrity

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.

VI.   Sequence of Topics

    A. Subject
    B. Function & Strategy
    C. Ethics
    D. Organization & Systems
    E. Decision Areas
        1. Staffing and quality
        2. Supplier development & relations
        3. International markets/price cost analysis
        4. Negotiation
    F. Managing Material Flows
        1. Inventory
        2. Transportation
        3. Planning/value analysis
        4. Services, performance & cap. Expenditure
        5. Retail, institution & government purchasing

VII.  Methods of Instruction

Lectures, class discussion, films and videos may be used to supplement the text materials.  Appropriate handouts may also be included.

Course may be taught as face-to-face, media-based, hybrid or online course.

VIII. Course Practices Required

Attendance, participation in class discussions, assigned readings in the text book, written and verbal assignments may all be required throughout the course.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Varies by instructor

X.    Methods of Evaluating Student Progress

XI.   Other Course Information



If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.