| Day | Date | Time | Room |
|---|---|---|---|
| Tuesday | 11/28/23 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 12/05/23 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 12/12/23 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 12/19/23 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 01/09/24 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 01/16/24 | 09:00 AM - 01:00 PM | TC.5.01 |
| Tuesday | 01/23/24 | 10:00 AM - 12:00 PM | TC.0.02 |
The course provides an introduction to the foundations of Sourcing and Supply Management. Strategic sourcing is discussed as an integral part of operations strategy. The benefits of outsourcing based on the total cost of ownership and on the term-structure of supply relationships are discussed. The terms of the relationship and its management over time is considered, focusing on different types of formal supply contracts.
After successful completion of this course, students should be able to:
> select an appropriate inventory policy (EOQ, newsvendor, base stock, service level, supplier lead time)
> understand quick response with (limited or unlimited) reactive capacity
> design supply contracts (vendor managed inventory, buy-back, quantity discounts, option contracts, revenue sharing, quantity flexibility contracts)
> determine the optimal way of cooperation (formal contracting or informal supplier scorecard, centralized vs. decentralized control)
> evaluate outsourcing decisions and alternative types of supply relationships
> select suppliers (single vs. multiple sourcing, dual sourcing, local vs. global sourcing)
According to the examination regulation full attendance is intended for a PI. Hence, attendance of minimum 80% us required. Absence in one unit is tolerated if a proper reason is given.
Insights from basic Operations Management principles and models, best practices from industry, experiental learning using software, case examples and case studies
Individual assignments incl. class participation: 20%
Group assignments (case examples and case studies): 30%
Final exam: 50%
Grading scale:
Prerequisite for passing the course: minimum performance of 20 points in the final examination.
Incoming students (exchange programs): min. 5 ECTS credits in basics of optimization and probability.
Students should be acquainted with the main concepts of optimization, probability and statistics. Students are encouraged to take the bridging course "2418 - Bridging Course in Supply Chain Management: Foundation of Operations Research and Supply Chain Analytics" and review the preparatory material.
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