The course breaks down the distinctions between purchasing, procurement and supply management. In providing a comprehensive grounding the differences between strategic and tactical aspects of purchasing, it covers the procurement process and the role of the procurement function within the organization. This course provides the tools to determine “make or buy decision” and to conduct effective price and cost analysis. Critical issues in supplier selection and evaluation are addressed as are emerging and established technologies in e-procurement. The characteristics of services procurement that differentiate it from product procurement are also introduced.