Purchasing, Procurement/Acquisitions and Contracts Management Studies is a program that prepares individuals to manage and/or administer the processes by which a firm or organization contracts for goods and services to support its operations, as well as contracts it to sell to other firms or organizations.
Purchasing, Procurement/Acquisitions and Contracts Management Studies majors and degree programs typically include courses in in contract law, negotiations, buying procedures, government contracting, cost and price analysis, vendor relations, contract administration, auditing and inspection, relations with other firm departments, and applications to special areas such as high-technology systems, international purchasing, and construction.
What can you do with a major/degree in Purchasing, Procurement/Acquisitions and Contracts Management Studies?
With a major/degree with a focus on purchasing or procurement/acquisitions management, you may choose a career in profit management, product development, resource planning, transportation, purchasing, cost estimation, or retail management. With a focus on contract management, you will likely use your knowledge of law and federal regulations to administer government and corporate contracts. In this capacity, you most likely will find work in a government agency or a private corporation.
Trade Associations and Professional Organizations in Purchasing, Procurement/Acquisitions and Contracts Management Studies:
Professional associations are groups of professionals dedicated to topics in specific fields. Professional associations provide a wealth of online resources, some of which are geared specifically towards students. These organizations typically also host conferences and events, providing great opportunities for learning and networking across your field of interest.
Publications/Magazines in Purchasing, Procurement/Acquisitions and Contracts Management Studies: