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Level 7 Diploma in Logistics and Supply Chain Management

Procurement Technology and Digital Enablers

LSC703 · Procurement and Supply Management — Week 5 of 16

CourseLSC703
Week5 of 16
SemesterI
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This week’s topics

Procurement Technology and Digital Enablers

  1. E-sourcing and reverse auctions
  2. Automated procure-to-pay (P2P) pipelines
  3. Artificial intelligence in spend analytics
  4. Blockchain in contract traceability
  5. #21 Success Stories about Technologies in Sourcing | Strategic Sourcing
  6. #20 Reverse Auctions | Strategic Sourcing
  7. #6 Procure to Pay Cycle | Strategic Sourcing

What you will be able to do

  • 2.4 Evaluate the role of technology in enhancing the efficiency and effectiveness of procurement.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: evaluate the role of technology in enhancing the efficiency and effectiveness of procurement.

Study materials

Videos

  • Why digitalising procurement systems is the way forward · YouTube · OECD · 21 min · for registered students

Further resources

  • Procurement in the Supply Chain World, ch.: Procurement Information Systems · Reading · Other, textbook chapter; PDF pp. 133–139 · for registered students
  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Auctions in supply chain management · PDF · MIT OpenCourseWare, slides · for registered students
  • Foundations of Information Systems, ch. 8: Data Analytics and Modeling · PDF · OpenStax, textbook chapter; pp. 297–338 · 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 4Week 6
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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: Strategic Procurement and Organizational Design
  • Week 2: Procurement Governance and Strategic Sourcing
  • Week 3: Cost and Price Estimation Techniques
  • Week 4: Tendering Processes and Supplier Evaluation
  • Week 5: Procurement Technology and Digital Enablers
  • Week 6: Commercial Contracting Frameworks
  • Week 7: Commercial Negotiation Strategies
  • Midterm: Midterm evaluation
  • Week 9: Supply Portfolio Analysis and Segmentation
  • Week 10: Supplier Relationship Management and Performance
  • Week 11: Contract Governance and Commercial Conflict Resolution
  • Week 12: Applying Procurement and Supply 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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