This week’s topics
The Strategic Role of Purchasing
- Value creation and competitive advantage
- Evolution from tactical buying to strategic procurement
- Procurement governance and performance KPIs
- Strategic Sourcing in Supply Chain: Elevating Procurement for Business Success
- #15 Procurement in Organizations | Part 2 | Strategic Sourcing
- Lec 12 - Purchasing Cycle & Procurement Development Process
What you will be able to do
- 1.1 Explain the role of purchasing in business.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the role of purchasing in business.
Study materials
Videos
- Strategic Sourcing in Supply Chain: Elevating Procurement for Business Success · YouTube · MIT Center for Transportation & Logistics · 50 min · for registered students
- How to Source Products? Strategic Sourcing explained (Case studies of Walmart, Ikea and Zara) · YouTube · Marketing91 · 9 min · for registered students
- Porter's Value Chain Analysis Explained | How Businesses Create Competitive Advantage · YouTube · Mister Simplify · 13 min · for registered students
Further resources
- Procurement in the Supply Chain World, ch.: Procurement Strategy · Reading · Other, textbook chapter; PDF pp. 25–41 · for registered students
- Procurement in the Supply Chain World, ch.: Introduction to Procurement · Reading · Other, textbook chapter; PDF pp. 13–24 · for registered students
- Procurement Act 2023 guidance: Key Performance Indicators · PDF · GOV.UK, guidance; 6 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.
