COURSE DESCRIPTION:
This course introduces the Sourcing and Purchasing from the standpoint of the retail and luxry industry. It
explores the concepts of procurement, and global sourcing. There will be opportunities to examine issues
such as organizational procurement process in luxury retail, sourcing process, luxury supplier selection
process, retail supplier management and other strategic issues in the luxury industry.

COURSE OBJECTIVES:
Students will be given a comprehensive view of purchasing and sourcing in the luxury industry. Purchasing
has become a profession requiring many skills and knowledges in many areas, and is a key function for
improving competiveness in a globalized and International environment, especially in retail management.
This course covers practical and strategic aspects, by which various cases will be studied in order to convey
concepts and issues existing in this topic.

EXPECTED LEARNING OUTCOMES:
Upon completion of this course students should be able to:
- Understand the role and importance of purchasing in the retial and luxury industry.
- Understand the various retail organizations, and types of purchasing, in a global environment.
- Develop policies, procedures and use the relevant tools for managing suppliers.
- Understand the principles of sourcing, and outsourcing and how to assess luxury suppliers.
- Apprehend negotiation in an international context.
- Identify and source luxury suppliers, manage risks and approach the quality aspects, which are vital in
this arena.

*Course content subject to change