Should YOU Study Procurement? Degree in Procurement and Supply Chain

Procurement & Supply Chain Management studies is offered by many universities (top 10 below), & the bachelors a& masters usually are co-designed with senior procurement & supply chain professionals. Check out my video on the procurement career path after this one: https://youtu.be/MLYBt79-AzY
With a degree in procurement, you will gain an understanding of supply chain strategy &sustainability; procurement strategy supplier selection &evaluation; negotiation &contract management how to analyse &design effective supply chain operations how to use data, models &software to solve problems & inform decisions inventory. You will usually have the opportunity to attend a study tour &experience a supply chain perspective in a different economic region in Europe. You will also have the opportunity to participate in other course activities including warehouse visits &simulation games.
Finance for Procurers
Cost &benefit models their origins in finance &accounting;
The value &relevance of financial information in the context of the decision-making process for evaluation &selection of supplier &service providers
The wide variety of finance &accounting terminology;
Financial management tools &techniques applied to the total procurement &supply chain process
Physical Asset Management
Debt management
Analysing contractors financial capability
Financial Risk Analysis
Strategic Supply Chain Management
The process of developing corporate strategy &managing change processes directed towards achieving corporate strategy
Contribution of strategic supply chain management to corporate strategy
Concepts underlying strategic supply chain management
The global supply market as a source of competitive advantage
Various models of supply chain structures &relationships
Support strategy development &implementation
Risks associated with various models of supply chain structures &relationships
Governance &Ethics
Research Methods
Top-10 Universities for a Master’s in Supply Chain Management in 2021 (topuniversities.com):

1. United States
MIT’s Center for Transportation &Logistics
Master in Global Supply Chain Management
2. US
Michigan Ross
Master in Supply Chain Management
3. Austria
WU Vienna University of Economics &Business
Master of Science in Supply Chain Management
4. Netherlands
Rotterdam School of Management, Erasmus University (RSM)
Master of Science in Supply Chain Management
5.United Kingdom
Alliance Manchester Business School
MSc Operations, Projects & Supply Chain Management - you can watch my video on how Brexit impacted the UK university system here: https://youtu.be/rTfc2ElP5xo
6.US
USC Marshall School of Business
Master of Science in Global Supply Chain Management Program
7.Italy
Politecnico di Milano
International Master in Supply Chain & Procurement Management
8.US
Purdue University Krannert School of Management
MS Global Supply Chain Management
9.US
University of Washington Foster School of Business
Master of Supply Chain Management
10.Ireland UCD
The Michael Smurfit Graduate Business School
MSc Supply Chain Management & if you want to see my video on should you go to UCD it will cover any questions you may have about the University. Feel free to check it out: https://youtu.be/Tp46yCVgOcs

Year 3 sem. 2
Leadership &Management
Importance of Teambuilding
Process & issues of teambuilding
Team members- roles & definition
Attributes of a good team leader
The process of leadership
Leadership theories & styles
Empowering team members, team motivation
Government Procurement
Objectives of Public Procurement system
Government Procurement v Private Sector Procurement
An overview of UNCITRAL Model Law
An overview of EU Procurement Directives
An overview of WTO GPA (Agreement on Government Procurement)
An overview of Public Procurement Laws: FAR, NAFTA, COMESA etc.
The Public Procurement Act 2006
Procurement and Development
Horizontal Policies
Policies Promoting SMEs: Discriminatory and Non-Discriminatory
Logistics Management
Inbound and outbound logistics
Benefits of logistics management using an integrative approach
Warehouse and Stores Management
Transportation and distribution
Coordination and managing different activities within logistics
Planning the logistics network using operations Research tools
Legal issues in logistics management
Outsourcing v/s Insourcing: Third Party Logistics
Case studies of successes in logistics management

Year 3, SEMESTER 3
Risk Management for Procurement and Supply
Contract Negotiation Models
Collaborative vs Adversarial Approach to Negotiation
Planning for a contract negotiation
Negotiation styles & strategies
Effective Communication techniques in negotiation
Dispute Resolution Methods

Overall, I spent 8 years in University and ended up as a Manager in procurement - with a degree in one of the above, you can fast track that so I would highly see them a well invested use of your time and money if you are interested in this field.
#Procurement