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Level 5 Diploma in Logistics and Supply Chain Management

Procurement Methods and Sourcing Strategies

LSC502 · Procurement and Inventory Management — Week 2 of 16

CourseLSC502
Week2 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Procurement Methods and Sourcing Strategies

  1. Open and restricted tendering
  2. Single versus multiple sourcing
  3. E-procurement platforms
  4. Framework agreements and direct negotiation
  5. Kraljic Matrix – Supplier Plotting in Procurement

What you will be able to do

  • 1.3 Compare different methods of procurement.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: compare different methods of procurement.

Study materials

Videos

  • Kraljic Matrix – Supplier Plotting in Procurement · YouTube · Procurement Tactics · 11 min · for registered students
  • Supply Chain Risk Management and X shoring · YouTube · MIT Center for Transportation & Logistics · 60 min · for registered students

Further resources

  • Procurement Act 2023 guidance: Competitive Tendering Procedures · PDF · GOV.UK, guidance; 26 pages · for registered students
  • Procurement Act 2023 guidance: Frameworks · PDF · GOV.UK, guidance; 18 pages · for registered students
  • Procurement in the Supply Chain World, ch.: Procurement Strategy · Reading · Other, textbook chapter; PDF pp. 25–41 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 1Week 3
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Foundations of Procurement and Purchasing
  • Week 2: Procurement Methods and Sourcing Strategies
  • Week 3: The End-to-End Procurement Process
  • Week 4: Procurement Management within the Supply Chain Context
  • Week 5: Strategic and Operational Impact of Procurement on Logistics
  • Week 6: Inventory Management and Inventory Control Fundamentals
  • Week 7: Inventory Management Methods and Replenishment Models
  • Midterm: Midterm evaluation
  • Week 9: Strategic Value and Role of Inventory in Supply Chains
  • Week 10: Supply Chain Factors Influencing Inventory Management
  • Week 11: Assessing the Impact of Inventory on Supply Chain Performan…
  • Week 12: Applying Procurement and Inventory Management in practice: …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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