The module will be presenting international procurement management, delving into various areas which cover the fundamental topics in this discipline as well as the strategic role, procurement has for business organizations.
Duration
1 semester
Format
Online
Credits
20
Semester
Autumn
The module will be presenting international procurement management, delving into various areas which cover the fundamental topics in this discipline as well as the strategic role, procurement has for business organizations.
- Duration
1 semester - Format
Online - Credits
20 - Semester
Autumn
This unit is designed to focus on the procurement management practices and techniques and their effect on the performance of the supply chain. It relates the procurement strategy to the alleviation of problems encountered in real world business today. The key concepts addressed are the strategic role of procurement, the rational of procurement activities, the framework of basic procurement decisions, the sequence of the procurement activities, purchasing procedures, documentation and records, purchasing and information systems, specifying and assuring the quality of suppliers, the importance of the INCOTERMS, matching supply with demand, sourcing/ outsourcing, contrasting approaches to supply, controlling prices and costs, negotiation, purchasing research, performance and ethics, volume contracts and stockless purchasing, measuring and evaluating the purchasing performance, customer order cycle, integrating order purchasing and the company’s logistics MIS, e-procurement, and finally, analysing in depth how purchasing is planned, organised, conducted and controlled in a shipping firm, categories of expenditures, independent execution of purchasing versus centralised purchasing, key sequence and responsibilities of the purchasing activities in a shipping firm and on a ship, direct purchases of provisions on a ship level, emergency purchases on a ship level, the normal purchasing processes and sequence of activities, the market scouting, the vendor management and inspection, the purchase requisition management & the inventory verification, the purchase order and the contracts management, the invoicing and payment, the importance of the “letter of credit” tool in international purchases, the disposal of unnecessary items from the stores and spares inventories of the ships, the measurement of the performance of the purchasing activity in a shipping firm and the construction of KPIs.
Meet the Instructor
Panagiotis Stavropoulos
Strategic Advisor / Consultant
Panos Stavropoulos is an accomplished and highly experienced procurement and supply chain professional with over 25 years of experience. Holding a Bachelor of Aeronautical Engineering from the Hellenic Airforce Engineers Academy, as well as an Executive MBA (ALBA), Panos commenced his career in the Hellenic Airforce quickly with different appointments including Technical Director of the C130-H transport aircraft fleet and finally Lieutenant Colonel / Procurement Project Officer within the Directorate of the General Armaments Division.
An Illustrious career in senior director level procurement & supply chain positions followed including Aluminium of Greece and M.J Maillis Group & Trainose. Thereafter Panos entered the shipping sector with 10 successful years at ANEK Lines, as Director of Procurement and Supply Chain. An international role followed, with the Royal Group Abu Dhabi as their Director of Procurement to set total facility management (TQM), procurement projects including the newly built Abu Dhabi airport. Furthermore, Panos’s expertise is in global sourcing and contracting, procurement digital transformation and building procurement led organizations. Finally, apart from sharing his knowledge and experience through lecturing, Panos Stavropoulos is actively involved in consulting and advisory for shipping and technology companies wishing to invest and to optimize their procurement competency.
This unit is designed to focus on the procurement management practices and techniques and their effect on the performance of the supply chain. It relates the procurement strategy to the alleviation of problems encountered in real world business today. The key concepts addressed are the strategic role of procurement, the rational of procurement activities, the framework of basic procurement decisions, the sequence of the procurement activities, purchasing procedures, documentation and records, purchasing and information systems, specifying and assuring the quality of suppliers, the importance of the INCOTERMS, matching supply with demand, sourcing/ outsourcing, contrasting approaches to supply, controlling prices and costs, negotiation, purchasing research, performance and ethics, volume contracts and stockless purchasing, measuring and evaluating the purchasing performance, customer order cycle, integrating order purchasing and the company’s logistics MIS, e-procurement, and finally, analysing in depth how purchasing is planned, organised, conducted and controlled in a shipping firm, categories of expenditures, independent execution of purchasing versus centralised purchasing, key sequence and responsibilities of the purchasing activities in a shipping firm and on a ship, direct purchases of provisions on a ship level, emergency purchases on a ship level, the normal purchasing processes and sequence of activities, the market scouting, the vendor management and inspection, the purchase requisition management & the inventory verification, the purchase order and the contracts management, the invoicing and payment, the importance of the “letter of credit” tool in international purchases, the disposal of unnecessary items from the stores and spares inventories of the ships, the measurement of the performance of the purchasing activity in a shipping firm and the construction of KPIs.
Meet the Instructor
Panagiotis Stavropoulos
Strategic Advisor / Consultant
Panos Stavropoulos is an accomplished and highly experienced procurement and supply chain professional with over 25 years of experience. Holding a Bachelor of Aeronautical Engineering from the Hellenic Airforce Engineers Academy, as well as an Executive MBA (ALBA), Panos commenced his career in the Hellenic Airforce quickly with different appointments including Technical Director of the C130-H transport aircraft fleet and finally Lieutenant Colonel / Procurement Project Officer within the Directorate of the General Armaments Division.
An Illustrious career in senior director level procurement & supply chain positions followed including Aluminium of Greece and M.J Maillis Group & Trainose. Thereafter Panos entered the shipping sector with 10 successful years at ANEK Lines, as Director of Procurement and Supply Chain. An international role followed, with the Royal Group Abu Dhabi as their Director of Procurement to set total facility management (TQM), procurement projects including the newly built Abu Dhabi airport. Furthermore, Panos’s expertise is in global sourcing and contracting, procurement digital transformation and building procurement led organizations. Finally, apart from sharing his knowledge and experience through lecturing, Panos Stavropoulos is actively involved in consulting and advisory for shipping and technology companies wishing to invest and to optimize their procurement competency.
√ To equip students with a good working knowledge of purchasing techniques, procedures and strategy and their relationship to effective and efficient operations management, and in conjunction with the inventory practices utilised in an organisation.
√ To encourage students to think like working professionals, and
√ To challenge students by offering real-world examples similar to those experienced by working professionals.
√ To assess and evaluate procurement management activities and understand their contribution to material, information, and capital flows and their effect on competitive advantage in the market;
√ To assess and evaluate the link of the purchasing activity to competitive advantage and customer satisfaction by pursuing quality of the procured goods and services, improving its effectiveness and efficiency and by reducing the associated costs;
√ To assess and evaluate the major challenges to effective purchasing management, including variability, tradeoffs and sustainability.
√ To equip students with a good working knowledge of purchasing techniques, procedures and strategy and their relationship to effective and efficient operations management, and in conjunction with the inventory practices utilised in an organisation.
√ To encourage students to think like working professionals, and
√ To challenge students by offering real-world examples similar to those experienced by working professionals.
√ To assess and evaluate procurement management activities and understand their contribution to material, information, and capital flows and their effect on competitive advantage in the market;
√ To assess and evaluate the link of the purchasing activity to competitive advantage and customer satisfaction by pursuing quality of the procured goods and services, improving its effectiveness and efficiency and by reducing the associated costs;
√ To assess and evaluate the major challenges to effective purchasing management, including variability, tradeoffs and sustainability.
At the end of the module the learner will be able to:
Critically examine and appraise the sequence and the procedures for buying goods and services a firm requires.
Critically examine and evaluate various purchasing practices and techniques and the influence they have on the performance of the logistics function.
Relate the order processing systems to the improvement of customer communications and the total order cycle time, as well as to substantial inventory reductions and transportation efficiencies.
Efficiently apply purchasing theory to effective practice in a shipping company or in a general company.
Assess and evaluate the effectiveness and efficiency of the purchasing activity in sourcing and in pursuing quality in the purchased goods and services.
ASSESSMENT STRATEGY
Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types of assessments: case study, essay, report, dissertation, market analysis, project output, valuation, etc.
In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.
At the end of the module the learner will be able to:
Critically examine and appraise the sequence and the procedures for buying goods and services a firm requires.
Critically examine and evaluate various purchasing practices and techniques and the influence they have on the performance of the logistics function.
Relate the order processing systems to the improvement of customer communications and the total order cycle time, as well as to substantial inventory reductions and transportation efficiencies.
Efficiently apply purchasing theory to effective practice in a shipping company or in a general company.
Assess and evaluate the effectiveness and efficiency of the purchasing activity in sourcing and in pursuing quality in the purchased goods and services.
ASSESSMENT STRATEGY
Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types of assessments: case study, essay, report, dissertation, market analysis, project output, valuation, etc.
In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.
FAQs
1
Assess the different stages of crafting, executing and reviewing a strategy.
2
Critically evaluate how these functions are applied in shipping.
3
Apply performance monitoring and management in the shipping context.
4
Evaluate Commercial Shipping Management Strategies.
Your tuition covers:
HD films per course, your own e-book, 24/7 support, professor video calls 3 times per month, extra webinars by Shipping industry titans
1
Good command of the English Language via IELTS, TOEFL or any other internationally approved English language certification.
2
Employer/Professor recommendation.