Supplier Relationship Management (5cr)

Objective

The student is able to define the main concepts and phases related to supplier relationship management SRM. The student acknowledges how supplier base analysis is utilised to develop supplier relationship management. The student is able to make supplier selection decisions and utilise the total cost of ownership model when evaluating procurement options. The student is able to develop supplier performance and create effective and sustainable supplier requirements and KPIs for supplier evaluation. The student is able to design supplier reviews and dashboards. The student acknowledges the critical role of suppliers in achieving quality goals and is able to address quality challenges within the supply chain. The student is able to support suppliers in improving their quality and develop supplier performance monitoring with the help of supplier audits.  The student is able to evaluate possibilities for early supplier involvement (ESI) in new product development and understands the importance of stakeholder management in ESI.

Content

• SRM concepts and framework • Selection of suppliers, segmentation criteria and process • Supplier Performance Evaluation (SPE) • Innovation and development of suppliers' quality and performance • Early Supplier Involvement (ESI) in new product development

Qualifications

Completed higher education degree (Bachelor's level)

Assessment criteria, satisfactory (1)

The student has completed the course assignments and demonstrated mastery of the core content of the course. There is considerable room for improvement in applying this knowledge to professional situations and/or in sharing expertise.

Assessment criteria, good (3)

The student has performed well overall in the assignments of the course. They have been an active learner both individually and within the team. The student has demonstrated the ability to apply knowledge and practices acquired from literature, lectures and other sources in tasks analysing and developing working life.

Assessment criteria, excellent (5)

The student has completed all components of the course with distinction. They have demonstrated interest and motivation to learn both as an individual and as part of a team, and have shared their expertise with others. The student has mastered the course content and skilfully applies knowledge acquired from literature, lectures, and other sources in tasks that analyse and develop professional practice.

Assessment criteria, approved/failed

The student has completed the course assignments and demonstrated mastery of the basic content of the course. There is considerable room for improvement in applying this knowledge to professional situations and/or in sharing expertise.

Further information

The language of tuition is English.