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Level 5 Diploma in Logistics and Supply Chain Management

Contract Management Cycles and Frameworks

LSC503 · Contract and Financial Management — Week 2 of 16

CourseLSC503
Week2 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Contract Management Cycles and Frameworks

  1. Stages of the contract lifecycle
  2. Structural governance frameworks
  3. Stakeholder role allocation
  4. Pre-award and post-award integration
  5. #8 Purchasing & Supply Process | Part 1 | Strategic Sourcing

What you will be able to do

  • 1.4 Illustrate a contract management cycle.
  • 2.1 Illustrate a contract management framework.

Activity

Start with this week’s video, then: Seminar, guided reading and a short written task: illustrate a contract management cycle.

Study materials

Videos

  • The CIPS Contract Management Cycle | CIPS · YouTube · CIPS · 42 min · for registered students
  • The Contract Management Lifecycle · YouTube · Procurement Tactics · 8 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

Further resources

  • The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 pages · for registered students
  • Procurement Act 2023 guidance: Contract Modifications · PDF · GOV.UK, guidance; 17 pages · for registered students
  • Risk Allocation and Pricing Approaches guidance note (UK Government Commercial Function) · PDF · GOV.UK, guidance; 55 pages · 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
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.

Open this week in the portal
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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