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MSc. Procurement Management

 

Handbook

 

Overview

The MSc. in Procurement Management will provide rigorous training in the area of procurement, an important but understudied area in the management discipline. Students who take this programme will gain a comprehensive appreciation of the regulatory obligations, international agreements and reporting techniques for procurement operations.  The programme will cover issues dealing with: procurement and contract administration, inventory management, government contracts, ethics and social responsibility.

The Master’s degree in procurement management is ideally suited for individuals who are already carrying out procurement or related functions in their organisation and are seeking to strengthen their expertise in the field. However, persons who are seeking to establish a career in the area of procurement management should also find the programme useful.

At the end of the programme, participants will have acquired a wide spectrum of knowledge and skills covering:

  • internationally accepted principles governing sound public procurement systems
  • legislative and regulatory frameworks for successful discharge of the functions of a modern procurement system
  • economic theory, assessment tools, techniques of financial analysis and accounting standards relevant to procurement operations
  • strategies and instruments for embedding social, environmental and human rights provisions at the relevant steps of the procurement process
  • promotion of corporate social responsibility through public procurement
  • execution of the procurement process for goods, works and services including innovative contracting modalities like public private partnerships and e-procurement
  • design of systems for the prevention and detection of fraud and corruption in public procurement

With an MSc in Procurement Management, students will be strategically positioned for the role of procurement managers in both the public and private sectors. It is hoped that as the programme evolves, the degree will become portable so that students can also work internationally.

 

Entry Requirements

Applicants must:

  • Hold a Bachelor’s degree or equivalent from a university or college acceptable to the University of the West Indies, with GPA of 2.5 or higher

NB.  Applicants with a GPA lower than 2.5 will be considered if:

  •  They have at least (2) years working experience in marketing or a related area and have professional qualification in a related area
  • . They are successful at an interview conducted by a selected panel determined by the School; and,
  •  They are able to produce two acceptable letters of reference

Mature matriculation:

Students who do not possess a first degree can matriculate under the mature matriculation requirements of UWI. However, these persons will be limited to 10% of the cohort. These applicants must possess a minimum of 10 years work experience in the field of Procurement and relevant professional qualifications in the area. The mature entry requirements of UWI require applicants to submit official documentation certifying the successful completion of a professional course of study in the programme for which they are seeking admission.

Programme Structure 

DURATION

12 Months Full-Time & 24 Months Part-Time

FORMAT

  • 11 Core courses
  • 1 Research Project
  • 36 credits

 

Courses

Financial & Managerial Accounting*

Business Analytics*

Business in a Global Environment*

Quantitative Methods & Statistical Techniques*

Strategic Sourcing **

Global Procurement and Contract Administration **

Advanced Business Negotiation **

Inventory Management **

Ethics Corporate and Social Responsibility and Sustainability **

Procurement Law & Policy **

E-Commerce*

Research Project*

 

COURSES

SBCO6110: Financial and Managerial Accounting (3 credits)
This course examines the internal accounting systems and current practices of businesses to develop an understanding of the uses and limitations of accounting information in planning, control, decision making, performance evaluation and external reporting processes. It offers a balanced coverage of the concepts, methods and uses of financial and managerial accounting information with a strong emphasis on analysis and reporting.

SBCO6170: Business Analytics (3 credits)
This course examines the ways in which enterprises such as businesses, non-profits, and Governments can use data to gain insights and make better decisions. Business analytics is applied in operations, marketing, finance, and strategic planning among other functions. The ability to use data effectively to drive rapid, precise and profitable decisions has been a critical strategic advantage for a range of world-leading companies. With the increasing availability of broad and deep sources of information —so-called “Big Data”-business analytics are becoming an even more critical capability for enterprises of all kinds.

SBCO6340: Business in a Global Environment (3 credits)
This course examines the critical aspects of the global business environment that influence a firm’s decisions and behaviour. It focuses on the macroeconomic, institutional and technological factors at both international and national levels that shape the environment in which firms compete

SBCO6520: Quantitative Methods and Statistical Techniques (3 credits)
This course is concerned with the use of quantitative and statistical techniques to assist in rational decision making. The emphasis is not on the techniques themselves, but rather on how they can contribute to better decisions. The approach is to present real business situations in which quantitative and statistical techniques have been applied successfully and to show how managers can use the methods to make better decisions.

SBPM 6010: Strategic Sourcing
Sourcing is the set of activities involved in procuring goods and services from one firm to another. Strategic sourcing enhances efficiency and value by impacting the profitability of organisations. In this course, students will learn how to develop and implement a procurement strategy that aligns with the organisations strategic objectives. Students will enhance their knowledge of strategic sourcing and how sourcing decisions help procurement managers to leverage critical assets and maximise return on operating assets. Overall, the course will expose students to leading edge concepts and principles in strategic sourcing as pursued by leading edge firms. The main topics covered in the course include: Sourcing and contracting strategies, purchasing, procurement, and strategic sourcing, managing sourcing and procurement processes, strategic sourcing and delivering customer value, and risk and the sourcing process.

SBPM 6020: Global Procurement and Contract Administration
Businesses are facing rapid changes, both externally and internally. These are due to an increased focus on sustainability and corporate responsibility in the context of technological advances, geo-political and macro-economic perturbations and demographic shifts. Among the internal changes are new purchasing strategies, organisational restructuring, shifting roles and responsibilities, greater use of technology and new skills requirements in the context of greater demand for efficiency on the part of every aspect of the business. At the same time all organisations are faced with changing ideologies in relation to issues such as free and fair trade, greater demands for accountability from consumers, regulators and international partners, as they operate in an increasingly dynamic and competitive environment.

SBPM 6040: Inventory Management
Inventory management works hand in hand with the procurement management function to ensure the availability of supply of inputs for operations and infrastructure. Since spending on the procurement of inputs often consumes the lion’s share of the organisation’s budget, inventory management is an equally essential function of both commercial and non-commercial organisations. Poor inventory management, resulting in unavailability of inputs can be profoundly damaging to organisational productivity. On the other hand, since inventory is expensive to obtain and store, overstocking can also have a negative impact on the bottom line.

Good management of inventory therefore, enables companies to improve their customer service, cash flow and profitability.  This is the case with both private and public sector entities, thus the importance of inventory management in both sectors. 

The course will expose students to sound principles and techniques of inventory management and will provide explanation on how this function is connected to other aspects of procurement management, supply chain management and other areas of management

SBPM 6050: Ethics, Corporate Social Responsibility and Sustainability
The purpose of this course is to help students improve their ability to make ethical decisions in business by providing them with a framework that they can use to identify, analyse, and resolve ethical issues in business decision making. In addition to individual decision making, business ethics and social responsibility are important parts of business strategy. Issues such as conflicts between personal values and organisational goals; the role of sustainability in business strategy; and the importance of stakeholder relationships, corporate governance, and the development of ethics programmes and an ethical culture in an organisation will be discussed.

This course engages consideration of these issues both at the level of thought and practice. It will allow the student to explore his/her own personal value system, that of the people around them and that of people and group that operate in public life. At the end of the course, the student will be in a better position to evaluate the ethical basis for his/her actions as well as the actions of others.

SBPM 6060: Procurement Law & Policy
Procurement is a multi-stage process that begins with the identification of a need on the part of an organisation, proceeds through the specification, sourcing and identification of the goods to its ultimate receival in the organisation. By some definitions, it may also involve the disposal of goods at the point of obsolescence. It is a significant function in an organisation to the extent that they incur enormous expenditures acquiring the goods and services needed to carry on business.

Procurement involves a contracting function. To that extent some elements of the function is covered under the broad heading of commercial law or the law of contract. However, a good deal of procurement law has emerged as a consequence of new thinking in relation to international free trade and is embodied in the evolving protocols developed by international agencies such as the World Trade Organisation. The expansion of economic unions and global free trade areas has also given significant impetus to negotiated procurements rules for procurement. In more recent years the expansion of electronic commerce has stimulated the passing of electronic transactions act, focused primarily on facilitating fair and transparent procurement, primarily in the public domain.

The course is designed for business managers who will be responsible for examining the laws, regulations and public policy covering procurement.

SBMI6020: Electronic Commerce (3 credits)
In this course, students will explore what e-commerce is and how companies can make and have made use of the possibilities offered by the internet. Secondly, it will discuss some of the techniques that have proven useful in data warehousing and data mining. Finally, it will explore the extent to which this technology can be used in the developing world in general and Jamaica in particular.

MGMT 6010: Research Project
This requirement of the M.Sc. degree is designed to explore methodological issues and applied research on issues critical to improving the practice of Procurement in the Caribbean region.

For more information, contact:
Dr. Clive Scott
clive.scott@uwimona.edu.jm
977-6035 Ext 233

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