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Level 6 Diploma in Logistics and Supply Chain Management

Purchasing in NPD and the Product Lifecycle

LSC605 · Strategic Procurement — Week 3 of 16

CourseLSC605
Week3 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Purchasing in NPD and the Product Lifecycle

  1. Stage-gate new product development processes
  2. Target costing and value engineering
  3. Sourcing strategies across product lifecycle stages
  4. Managing end-of-life and phase-out strategies
  5. Lecture 34: New Product Development
  6. Product Life Cycle and Strategy Development
  7. #24 Strategic Cost Management | Cost Analysis | Strategic Sourcing

What you will be able to do

  • 1.3 Evaluate the purchasing and product lifecycle and new product development processes in strategic procurement in business management.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: evaluate the purchasing and product lifecycle and new product development processes in strategic procurement in business management.

Study materials

Videos

  • Product Life Cycle and Strategy Development · YouTube · Galton College · 44 min · for registered students
  • Product Life Cycle (With Real World Examples) | Strategic Management | From A Business Professor · YouTube · Business School 101 · 9 min · for registered students
  • Product Life cycle - Stages and Strategies for each stage (Example of Lego, iPod and others) · YouTube · Marketing91 · 7 min · for registered students

Further resources

  • Principles of Marketing, ch. 10: Maintaining a Competitive Edge with New Offerings · PDF · OpenStax, textbook chapter; pp. 353–384 · for registered students
  • The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 pages · for registered students
  • Developing New Products and Services, ch. 6: Facilitating Creativity and Innovation · PDF · Saylor Academy, textbook chapter; pp. 134–152 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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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: The Strategic Role of Purchasing
  • Week 2: Cross-Functional Procurement Relationships
  • Week 3: Purchasing in NPD and the Product Lifecycle
  • Week 4: The Purchasing Decision Process and Market Intelligence
  • Week 5: Strategic and Operational Supply Chain Decisions
  • Week 6: Corporate Strategy and Procurement Strategic Alignment
  • Week 7: TQM-Driven Purchasing Strategies
  • Midterm: Midterm evaluation
  • Week 9: Portfolio-Driven Supply Strategies
  • Week 10: Lean, Agile, and Virtual Procurement Frameworks
  • Week 11: Comparative Procurement Across Diverse Industries
  • Week 12: Applying Strategic Procurement in practice: case studies
  • 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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