PHSC 453: Sourcing and Procurement of Pharmaceuticals

Description

COURSE OVERVIEW

This course is focused on sourcing and procurement of pharmaceuticals. It aims to introduce students to how to maximize the cost benefits considerations in the sourcing and procurement process. Sourcing and procurement cover all the steps from identifying a need for product and services through procuring the product, receipt, invoicing, and processing of payment with vendors. The course offers detailed explanation to the key concepts, strategies, principles and related information that underpins organizational sourcing and procurement of health commodities. 

COURSE OBJECTIVES

The objective of this course is to:

• Expose students to leading edge concepts and principles in strategic sourcing as pursued by leading edge firms
• Provide students with an understanding and practice with the strategies, approaches, and methods for realizing a competitive advantage through the firm’s sourcing processes and relationships with suppliers.
• Highlight the importance of global sourcing in supply chain management, 
• Feature global sourcing process.
• Provide students with an understanding of the impact that sourcing and purchasing management have on the success and profitability of firms in today’s business environment.

LEARNING OUTCOMES

At the end of this course, students should be able to:

• Discuss the key concepts and principles if strategic sourcing
• Explain the strategies, approaches and methods for realizing a competitive advantage through the firms sourcing processes and relationships with suppliers. 
• Evaluate the importance of gloabl sourcing in the supply chain management.
• Describe the global sourcing processes for business process improvements.
• Analyze the impact of sourcingt and purchasing management on the success and profitability of a firm in today’s business environment.