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Level 6 Diploma in Logistics and Supply Chain Management

The Purchasing Decision Process and Market Intelligence

LSC605 · Strategic Procurement — Week 4 of 16

CourseLSC605
Week4 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

The Purchasing Decision Process and Market Intelligence

  1. End-to-end purchasing decision stages
  2. Primary and secondary supply market research
  3. Spend analytics and market intelligence sources
  4. Supplier appraisal and evaluation techniques
  5. #8 Purchasing & Supply Process | Part 1 | Strategic Sourcing
  6. #35 Supplier Selection & Evaluation | Part 1 | Strategic Sourcing

What you will be able to do

  • 2.1 Explain the purchasing decision process in business.
  • 2.2 Analyse sources of purchasing information in strategic procurement in business.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: explain the purchasing decision process in business.

Study materials

Videos

  • Organisational Buyer Behaviour · YouTube · QuickNotes · 70 min · for registered students
  • Chapter B2B Business Buying Decision Process · YouTube · Marketing World · 6 min · for registered students
  • Organisational Buying Decision Process | Bhavani L · YouTube · Online classes · 16 min · for registered students
  • Organisation Buying and Buying Behavior · YouTube · Prime Punith · 9 min · for registered students

Further resources

  • Procurement in the Supply Chain World, ch.: Finding, Evaluating and Selecting Suppliers · Reading · Other, textbook chapter; PDF pp. 42–59 · for registered students
  • Principles of Marketing, ch. 4: Business Markets and Purchasing Behavior · PDF · OpenStax, textbook chapter; pp. 141–168 · for registered students
  • Procurement Act 2023 guidance: Preliminary Market Engagement · PDF · GOV.UK, guidance; 10 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 3Week 5
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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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