LSM is the first university in Belgium offering a strategic sourcing and procurement major. This program is the flagship program of the chair. Students thus can benefit from great international teachers, highly practice relevant content, exclusive access to leading firms in the profession, interactive teaching methods and regular involvement of practitioners in teaching. Students also have the chance to profit from participating in research programs to provide unique data for a master thesis with high impact and potential for job qualification.
LSM made with the help of the chair sponsor GSK Vaccines a big effort to hire some of the biggest experts in the strategic sourcing and procurement domain to develop a tripartite of lectures. The aim is to provide you with the necessary soft and analytical skills in Procurement and sourcing which are required by the job market and allow you to differentiate from other students. The Teaching program is based on the following three modules which will be taught by Andreas Normann (Lund University), Lieven Quintens (Maastricht University), Per Agrell and Constantin Blome (both UCL/ LSM).
Style of Teaching
Strategic sourcing and procurement along with supply chain management are pivotal functions in a firm to achieve long-term success. Well-educated experts and managers characterize these domains all working on an ideal set-up of the upstream supply chain. The strategic sourcing and procurement job includes solid make-or-buy decisions, supplier selection and evaluation, risk management, planning and controlling of goods and information flows in procurement.
In order to learn these capabilities the lectures will be based on applying theoretical knowledge to practice phenomena. Especially case studies will be used to learn the application of solutions. Due to the complexity of the work environment analytical and problem-solving skills are of uttermost importance. Furthermore, the course contend will comprise also new corporate challenges for strategic sourcing and procurement in such fields as environmental impact, risk or innovation sourcing. Discussions, students’ presentations, and interactivity within the courses further contribute to an in-depth understanding of the topics.
The lectures in strategic sourcing and procurement distinguish themselves by solid theoretical foundation and close cooperation with our business partners. Representatives from top management hold guest lectures, students strengthen their business skills by solving case studies, and field trips to interesting companies are offered.
Why should I pursue a specialization in strategic sourcing and procurement?
- The strategic sourcing and procurement job market is highly attractive as no other students in Belgium have the chance to qualify with expert skills in this domain. But also internationally strategic sourcing and procurement professionals with great skills and the right mindset are a scarce resource.
- Sourcing and procurement is highly attractive in case you want to pursue an international career. Strategic sourcing and procurement is probably the profession where you have most access to international management as you have to deal with suppliers throughout the world.
- In strategic sourcing and procurement you will be given significant budget responsibility and economically challenging tasks from your first day. In many other positions like e.g. marketing you normally have to wait a long time until you have your own budgets you can work with, while in strategic sourcing and procurement your impact on the P&L will come right from the start.
- In the 1970ies people believed that strategic sourcing and procurement would be a dead-end in their career, but have a look at the boards of the automotive, aerospace, manufacturing etc. most of them have an officer for strategic sourcing and procurement related topics.