Introduction
This resource helps learners understand buying and outsourcing as strategic choices, especially when buying in critical parts for a product.
Learners consider how procurement choices lie along a spectrum, from making every part in-house to completely outsourcing manufacture. They consider how to balance risks and advantages, and explore structured processes for selecting and managing suppliers to maximise the benefits.
What's in this resource?
This resource consists of:
- An overview video which can be watched on its own or shown in part to the class to support the lessons. Use the chapters to navigate along the video.
- A student resource which contains key information related to the subject, diagrams, questions and a case study.
- A teacher guide with advise about how to deliver the subjects and suggestions for classroom activities.
- An interactive tool you can use to test understanding.
Suggested learning outcomes
Learners will be able to:
- understand the importance of supplier management for costs and quality
- describe the process of choosing a supplier
- describe the stages in supplier management and the positive impacts this can deliver.
Topics covered
- Enterprise.
- Supplier management.
- Business risks.