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Level 5 Diploma in Logistics and Supply Chain Management

Total Cost Analysis in Supply Chains

LSC503 · Contract and Financial Management — Week 9 of 16

CourseLSC503
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Total Cost Analysis in Supply Chains

  1. Total cost of ownership (TCO) methodology
  2. Landed cost calculation models
  3. Hidden logistics and handling costs
  4. Modal selection trade-off analysis
  5. MITx MicroMasters SC1x - Live Event 1A - Total Cost Equation
  6. #23 Strategic Cost Management | Part 2 | Strategic Sourcing

What you will be able to do

  • 4.2 Illustrate the concept of total cost analysis.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: illustrate the concept of total cost analysis.

Study materials

Videos

  • MITx MicroMasters SC1x - Live Event 1A - Total Cost Equation · YouTube · MIT Center for Transportation & Logistics · 20 min · for registered students

Further resources

  • Introduction to Logistics, ch. 3: The Cost of Logistics · Reading · Other, textbook chapter; PDF pp. 42–50 · for registered students
  • Procurement in the Supply Chain World, ch.: Evaluating Price · Reading · Other, textbook chapter; PDF pp. 84–97 · for registered students
  • The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 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.
MidtermWeek 10
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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 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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