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Level 5 Diploma in Logistics and Supply Chain Management

Foundations of Logistics Contract Management

LSC503 · Contract and Financial Management — Week 1 of 16

CourseLSC503
Week1 of 16
SemesterI
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This week’s topics

Foundations of Logistics Contract Management

  1. Definition and scope of logistics contracts
  2. Core contractual components
  3. Upstream supply chain procurement
  4. Downstream distribution commitments
  5. #33 Types of Supply Contracts | Part 1 | Strategic Sourcing
  6. Introduction to Contracts

What you will be able to do

  • 1.1 Explain what is meant by the term ‘contract management in a logistics context.
  • 1.2 Describe the key components of contract management
  • 1.3 Differentiate between upstream activities and downstream activities.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: explain what is meant by the term ‘contract management in a logistics context.

Study materials

Videos

  • Introduction to Contracts · YouTube · Alanis Business Academy · 6 min · for registered students
  • Contract Management in Procurement | Contract Management in Supply Chain Management | Stages & Tools · YouTube · 10 Min For Supply Chain · 8 min · for registered students
  • Contract Management in Procurement Introduction · YouTube · Procurement Tactics · 7 min · for registered students
  • The Contract Management Lifecycle · YouTube · Procurement Tactics · 8 min · for registered students
  • Contract Management Simplified | Building Control, Compliance & Value · YouTube · ISM-INDIA · 48 min · for registered students

Further resources

  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Supply chain contracts · PDF · MIT OpenCourseWare, slides · for registered students
  • Introduction to Logistics, ch. 1: The Role of Logistics in Supply Chains · Reading · Other, textbook chapter; PDF pp. 13–32 · for registered students
  • Procurement in the Supply Chain World, ch.: Introduction to Procurement · Reading · Other, textbook chapter; PDF pp. 13–24 · 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 2
Course chat

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 Logistics Contract Management
  • Week 2: Contract Management Cycles and Frameworks
  • Week 3: Contract Administration and Performance Metrics
  • Week 4: Contractual Risk and Operational Assessment
  • Week 5: Principles of Financial Management in Logistics
  • Week 6: Strategic Value of Logistics Financial Systems
  • Week 7: Logistics Financial Relationships
  • Midterm: Midterm evaluation
  • Week 9: Total Cost Analysis in Supply Chains
  • Week 10: Financial Factors and Risk Management
  • Week 11: Financial Performance Assessment in Logistics
  • Week 12: Applying Contract and Financial Management in practice: cas…
  • 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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