Purchasing Essentials
OPM2451 / 3 q.h.
Formerly OM 4351.
Offers students an opportunity to learn how to develop, implement, and use purchasing systems and policies that support the acquisition of materials, quality assurance, sourcing of supplies, and inventory management. Effective purchasing techniques and strategies can lead to lower total costs and increased quality. Topics include price determination, cost and price analysis, make or buy decisions, the role of standardization, value analysis, paperless purchasing, and contract termination. Examines ethical and legal considerations. Prereq. ECN 1002 or OPM 1130.
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