BUS 230 Week 2 Discussion 1 and 2 and Quiz

WEEK 2

Course outcome in focus:

·         Recognize the alignment of purchasing and supply management with an organization’s goals and strategies.

Activities:

Readings:

·         Read Chapter 2: Supply Strategy

·         Read Chapter 3: Supply Organization

Supporting Topics:

Lecture 1 Topics: ·        Levels of strategic planning ·        Major challenges in setting supply objectives and strategies ·        Strategic planning in supply management Risk management ·        Strategic components

Lecture 2 Topics: ·        Objectives of supply management, ·        Organizational structures for supply management ·        Organizing the supply group ·        Supply activities and responsibilities, ·        Supply teams

Lectures/Discussions:

• Lecture on levels of strategic planning, major challenges in setting supply objectives and strategies, strategic planning in supply management, risk management, strategic components.

• Discussion 1: Supply Strategic Planning. Students will respond to the following:

o   Describe and explain three (3) types of data and documentations needed for creating a supply strategy plan or for updating an existing supply strategic plan.

o   Explain why these data and documentations are particularly important and crucial.

o   Explain how risks could be reduced and/or managed by integrating these data and documentation collected for your organization or based on your experiences.

• Lecture onobjectives of supply management, organizational structures for supply management, organizing the supply group, supply activities and responsibilities, supply teams.

• Discussion 2: Supply Organization. Students will respond to the following:

o   Evaluate the authors statement of “It is generally believed that high-performing, cross-functional teams will get better results on the task, …”?

o   Describe your reasons of whether you agree or do not agree with the statement.

o   Discuss how you would manage a high-performing, cross-functional team.

o   If outside suppliers are part of the team, what other steps might you take to protect your company’s intellectual property in addition to a confidentiality agreement?

·                                                                                   Week 2 Quiz

Students are to take the Week 2 quiz that covers the materials in Chapter 1.  The quiz is located in the course shell under the Week 2 tab. This is an open book, timed quiz that can only be taken once with a time limit of one hour.  The quiz consists of ten multiple-choice questions with each question worth 6 points for a total of 60 points for this quiz.

Online students are to complete the quiz by Monday 9:00 a.m.  On-ground students are to complete this quiz before the Week 2 class meeting.

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