Purchasing and Supply Management 4.0
- Credits: 5
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The aim of this module-based course for Purchasing and Supply Management (PSM) in Industry 4.0 era is to ensure that individual students are provided with the necessary knowledge and learning to join a PSM department of any size of organization ready to engage in different aspects of purchasing is facing in the (nearby) future. Furthermore, it provides opportunities to ensure that individual students are provided with the necessary skills and competences to improve their competitiveness in the labor market and job situation today and in the future and help them to further develop their professional skills as well as their personalities. An increase in the number of highly skilled students in the area of PSM will foster the development of different solutions for supply chains, logistics, finance and the business environment in general.
Knowledge:
• Understanding Industry 4.0 and strategic digital leadership
• Understanding supply requirements using data and technology
• Understanding methods and procedures of sourcing as well as evaluating and selecting suppliers in the digital age
• Advanced automation in operational procurement
Competence:
• Strategic management in Purchasing and Supply Management
• Data analysis in Purchasing and Supply Management
• Robotic process automation in Purchasing and Supply Management
• Network management of procurers and suppliers
• Ability to evaluating and selecting suppliers in the digital age
• Implementation of eProcurement technology
• design of methods for monitoring and controlling of business processes.
Skill:
• Design and use automation processes in PSM environment.
• Implementation of Industry 4.0 tools and techniques in PSM environment.
• Analyse Purchasing and Supply Management data to support decision making.
• Orientation in eProcurement technology
• Digital negotiation
• Use of eProcurement technology
• Business process improvement
• Quality audits realisation
Indicative content
Lectures:
1. Procurement and sourcing in companies
2. Purchasing and Supply Management
3. Characterization of Industry 4.0 from PSM point of view.
4. Module I.: Strategic digital leadership A.
5. Module I.: Strategic digital leadership B.
6. Module II.: Supply requirements using data and technology A.
7. Module II.: Supply requirements using data and technology B.
8. Module III.: Sourcing and evaluating suppliers in the digital age A.
9. Module III.: Sourcing and evaluating suppliers in the digital age B.
10. Module IV.: Selecting Suppliers A.
11. Module IV.: Selecting Suppliers B.
12. Module V.: Advanced automation in operational procurement A.
13. Module V.: Advanced automation in operational procurement B.
Seminars:
1. Selected case studies and examples related to Purchasing and Supply Management
2. Selected case studies and examples related to Industry 4.0 from PSM point of view.
3. Selected case studies and examples related to Module I.: Strategic digital leadership A.
4. Selected case studies and examples related to Module I.: Strategic digital leadership B.
5. Selected case studies and examples related to Module II.: Supply requirements using data and technology A.
6. Selected case studies and examples related to Module II.: Supply requirements using data and technology B.
7. Selected case studies and examples related to Module III.: Sourcing and evaluating suppliers in the digital age A.
8. Selected case studies and examples related to Module III.: Sourcing and evaluating suppliers in the digital age B.
9. Selected case studies and examples related to Module IV.: Selecting Suppliers A.
10. Selected case studies and examples related to Module IV.: Selecting Suppliers B.
11. Selected case studies and examples related to Module V.: Advanced automation in operational procurement A.
12. Selected case studies and examples related to Module V.: Advanced automation in operational procurement B.
13. Preparation at midterm evaluation
Support literature
Elementary literature:
1. NICOLETTI, Bernardo, et al. Procurement 4.0 and the Fourth Industrial Revolution. Springer Books, 2020.
2. ZIJM, Henk, et al. (ed.). Operations, logistics and supply chain management. Berlin: Springer, 2019.
3. V. Zeimpekis, E. Aktas, M. Bourlakis, I. Minis (eds.), Supply Chain 4.0: Improving Supply Chains with Analytics and Industry 4.0 Technologies, Kogan Page Publications, UK, ISBN: 978-1789660753
Supplementary literature:
1. BIENHAUS, Florian; HADDUD, Abubaker. Procurement 4.0: factors influencing the digitisation of procurement and supply chains. Business Process Management Journal, 2018.
2. BAG, Surajit, et al. Procurement 4.0 and its implications on business process performance in a circular economy. Resources, conservation and recycling, 2020, 152: 104502.
Syllabus
Lectures: 1. Procurement and sourcing in companies 2. Purchasing and Supply Management 3. Characterization of Industry 4.0 from PSM point of view. 4. Module I.: Strategic digital leadership A. 5. Module I.: Strategic digital leadership B. 6. Module II.: Supply requirements using data and technology A. 7. Module II.: Supply requirements using data and technology B. 8. Module III.: Sourcing and evaluating suppliers in the digital age A. 9. Module III.: Sourcing and evaluating suppliers in the digital age B. 10. Module IV.: Selecting Suppliers A. 11. Module IV.: Selecting Suppliers B. 12. Module V.: Advanced automation in operational procurement A. 13. Module V.: Advanced automation in operational procurement B. Seminars: 1. Selected case studies and examples related to Purchasing and Supply Management 2. Selected case studies and examples related to Industry 4.0 from PSM point of view. 3. Selected case studies and examples related to Module I.: Strategic digital leadership A. 4. Selected case studies and examples related to Module I.: Strategic digital leadership B. 5. Selected case studies and examples related to Module II.: Supply requirements using data and technology A. 6. Selected case studies and examples related to Module II.: Supply requirements using data and technology B. 7. Selected case studies and examples related to Module III.: Sourcing and evaluating suppliers in the digital age A. 8. Selected case studies and examples related to Module III.: Sourcing and evaluating suppliers in the digital age B. 9. Selected case studies and examples related to Module IV.: Selecting Suppliers A. 10. Selected case studies and examples related to Module IV.: Selecting Suppliers B. 11. Selected case studies and examples related to Module V.: Advanced automation in operational procurement A. 12. Selected case studies and examples related to Module V.: Advanced automation in operational procurement B. 13. Preparation at midterm evaluation
Requirements to complete the course
Midterm written assignment.
Final written exam
Midterm evaluation:
Midterm written assignment: 40% of course (total points 40)
Minimal points required to pass midterm written assignment are 21 points (out of 40 points)
Final written exam:
Final written exam 60% of course - 60 points
Minimal points required to pass final written exams are 31 points.
Student workload
• 26 h. lectures
• 26 h. practical
• 26 h. preparation for practical
• 30 h. preparation for control tests
• 22 h. preparation for final exam
Total: 130 hours
Language whose command is required to complete the course
English
Date of approval: 20.02.2023
Date of the latest change: 14.12.2022