Purchasing Management and Inventory

Scholar Year: 2018/2019 - 2S

Courses

Head Teacher Responsability Carlos Manuel de Oliveira Batista Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 3 Lectures Type Teacher Classes Hours Theoretical-practical Totals 2 6,00 Fatima Rodrigues   3,00 Hugo Carvalho   3,00

Teaching language

Portuguese

Intended learning outcomes (Knowledges, skills and competencies to be developed by the students)

• Contribute to the evaluation of the surroundings and to agree on performance objectives for the Purchasing and Inventory functions;
• Specify material requirements and identify sources, supply scheduling and order placement;
• Classify articles by search characteristics, identify the main segments through ABC analysis and risk analysis;
• Select and evaluate suppliers;
• Inventory Management: independent demand models (deterministic and random) and demand-dependent (Materials Requirement Planning-MRP);
• Measure the variability of demand and predict forecast errors;
• Define levels of security stocks and order points, determine order quantities, control inventory levels;
• Know the technologies and information systems to support Purchasing and Inventory Management.

Syllabus

I. PURCHASES AND SUPPLY
1.1. Definitions
1.2. The Evolution of Purchasing
1.3. Purchasing and the Supply Chain
1.4. Key factors and objectives of purchases
1.5. The Structural Organization
1.6. Role of Purchasing departments or Services
1.7. Consumer markets versus industrial markets
1.8. Supply Cycle
1.9. The Purchasing function within the business organization
1.10. Information technology supporting the Purchasing function

II. MATERIAL REQUIREMENTS AND PURCHASE MATRIX
2.1. Material requirements
2.2. ABC classification
2.3. Risk analysis
2.4. Product classification
2.5. Typology of Market Structure and Analysis of the Purchasing Matrix

III. PROVIDERS
3.1. Types of suppliers
3.2. Demand and selection of suppliers
3.3. Agreements and cooperation with suppliers
3.4. Suppliers evaluation

IV. IMPACT OF BUSINESS PURCHASES
4.1. Project Evaluation Criteria
4.2. Cost Concepts
4.3. Critical point of sales: contribution of Purchases to the profit of the company
4.4. Role of the buyer in the development of new products
4.5. Insourcing and Outsourcing
4.6. Procurement vs. Global Sourcing
4.7. Negotiation
4.8. Shopping and Quality
4.9. Shopping in Just in Time (JIT) vs. Traditional shopping

V. INVENTORY MANAGEMENT
5.1. Demand forecast
5.2. Inventory Concepts
5.3. Inventory Management Models
5.3.1. Independent demand
5.3.1.1. Deterministic models
5.3.1.2. Random models
5.3.2. Inventory management in dependent demand

Demonstration of the syllabus coherence with the UC intended learning outcomes

The lectures are theoretical and practical, and the theoretical and practical expository and participatory methods are used to introduce theoretical concepts, using exclusively audio visual means. This introduction may also be made by the students, through work and respective presentation / presentation of these works, which therefore focus on the subject to teach. In the practical parts and whenever necessary, analyzes and resolutions of exercises will be carried out, in a context as close as possible to real cases of companie

Teaching methodologies

Distribution assessment with final exam

Demonstration of the teaching methodologies coherence with the curricular unit's intended learning outcomes

Continuous evaluation:

Continuous assessment will consist of two individual tests (T1 and T2)

Assessment methodologies and evidences

Final grade:
50% x (T1) + 50% x (T2)
There will be approval if:
• In each of the tests, (T1) and (T2), a grade equal to or greater than 8 (eight) values is awarded and the final grade (CF) is equal to or greater than 10 (ten) values.

Attendance system

Resource Season:
The evaluation system is the same as in the final evaluation of the 1st period, the final grade being the examination grade of the resource season.

Special Season:
The evaluation system is the same as in the Resource Season, the final grade being the examination grade of the special season.

Bibliography

Essential Bibliography:

• BENTON, W. C., (2006), Purchasing and Supply Management, Mc Graw-Hill, International Edition.
• CARVALHO, José Crespo et al, (2010), Logística e Gestão da Cadeia de Abastecimento, Sílabo: Lisboa
• MOYA, Emilio Martínez, (2007), Gestión de compras: Negociación y Estratégias de Aprovisionamento, 4ª Edición, Fundación Confemetal.
• STEVENSON, W., (2002), Operations Management, Mc Graw-Hill

Complementary Bibliography:

• BAILEY, P., FARMER D., Jessop D., Jones D., (1998), Purchasing Principles and Management, Prentice Hall.
• BOWERSOX, Donald J.; CLOSS, David J., (1996), Logistical management: the integrated supply chain process. Singapura: McGraw-Hill.
• CARVALHO, Crespo, J. M, (2002), Logística, Edições Sílabo.
• CHASE Richard B., AQUILANO Nicholas J., JACOBS F. Robert, (1998), Production and Operations Management, Mc Graw-Hill.
• DIAS, J.Q., (2005), Logística Global e Macrologística, Lisboa, Edições Sílabo.
• DOBLER, D. W., BURT D. N, (1996), Purchasing and Supply Management, McGraw-Hill, International Edition.
• JOSEPH L.C, RALPH G.K, (2000), The Purchasing Handbook, McGraw-Hill, 6th ed.
• LYSONS K., FARRINGTON B., (2006), Purchasing and Supply Chain Management, Prentice Hall.
• REIS, Lopes dos, (2005), Manual da Gestão de stocks, Lisboa, Ed:Presença, 1ªed.

Observations

TEACHING TEAM 2018/2019 - Student Service

Teacher: Profª. Fátima Rodrigues
Email: fatima.rodrigues@esce.ips.pt
Cabinet: B2.02
Opening hours: Wednesday from 10:00 p.m. to 11:00 p.m. Schedule previously by email with the teacher.

Teacher: Prof. Hugo Carvalho
Email: hugo.carvalho@esce.ips.pt
Cabinet: B2.06
Hours: Friday from 7:30 p.m. to 8:30 p.m. Schedule previously by email with the teacher.

Teacher: Prof. Pedro Gonçalves
Email: pedro.gonçalves@esce.ips.pt
Cabinet: B2.09
Hours: Monday from 12:30 a.m. to 1:30 p.m. Schedule previously by email with the teacher.