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Level 6 Diploma in Logistics and Supply Chain Management

Lean, Agile, and Virtual Procurement Frameworks

LSC605 · Strategic Procurement — Week 10 of 16

CourseLSC605
Week10 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Lean, Agile, and Virtual Procurement Frameworks

  1. Comparative analysis of traditional and modern supply paradigms
  2. Just-in-Time (JIT) and lean waste reduction in procurement
  3. Agile responsiveness in volatile supply markets
  4. Virtual supply chains and cloud procurement networks
  5. Lect 58-JIT and Lean Operations
  6. #3 Supply Chains & Supply Networks | Strategic Sourcing

What you will be able to do

  • 4.1 Explain traditional purchasing with lean, agile and virtual supply chain in strategic procurement in business management.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: explain traditional purchasing with lean, agile and virtual supply chain in strategic procurement in business management.

Study materials

Videos

  • Lean-Agile Procurement • Mirko Kleiner • GOTO 2016 · YouTube · GOTO Conferences · 32 min · for registered students
  • Hybrid Supply Chain Strategies | SCMT 4653 · YouTube · Walton College Supply Chain Management · 5 min · for registered students
  • Efficient Supply Chain Strategies | SCMT 4653 · YouTube · Walton College Supply Chain Management · 8 min · for registered students
  • Responsive Supply Chain Strategies | SCMT 4653 · YouTube · Walton College Supply Chain Management · 8 min · for registered students

Further resources

  • MIT OCW 16.660J Introduction to Lean Six Sigma Methods (IAP 2012), Lean supply chain basics · PDF · MIT OpenCourseWare, slides · for registered students
  • Operations Management (Fanshawe), ch. 16: Just-In-Time and Lean Systems · Reading · Other, textbook chapter; PDF pp. 687–714 · for registered students
  • Procurement in the Supply Chain World, ch.: Procurement Information Systems · Reading · Other, textbook chapter; PDF pp. 133–139 · 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 9Week 11
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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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