Programme outline
Learning objectives
By the end of this course, participants will be able to:
- Understand how procurement integrates with supply chain and logistics functions
- Analyse procurement’s role in supplier fulfilment and inventory strategies
- Evaluate sourcing models and their implications on logistics execution
- Collaborate effectively with logistics partners and third-party logistics (3PLs)
- Assess risks and disruptions across global supply networks
- Align procurement decisions with supply chain resilience planning
- Support just-in-time and just-in-case strategies through sourcing
- Contribute to demand planning and supplier coordination
- Analyse real-world cases of procurement-led supply strategies
Day 1
- Procurement as a connector between suppliers and operations
- Upstream sourcing decisions and downstream consequences
- Interfaces with planning, manufacturing, and logistics
- Common disconnects between procurement and supply chain teams
- Supplier lead times, MOQ, and fulfilment models
- Inventory trade-offs: cost, service, and risk
- Procurement’s influence on buffer stocks and safety inventory
- Lessons from over- and under-stocking scenarios
- Single vs multiple sourcing strategies
- Nearshoring, reshoring, and supplier diversification
- Contract structures supporting supply continuity
- Balancing cost efficiency with resilience
Day 2
- Procurement’s role in logistics planning and execution
- Alignment on Incoterms, freight responsibility, and service levels
- Information flow between procurement and logistics teams
- Impact of poor alignment on cost and service
- Role of 3PLs in modern supply chains
- Procurement considerations in logistics sourcing
- Managing performance, contracts, and partnerships
- When to outsource vs retain control
- Types of disruptions: operational, geopolitical, climate, capacity
- Procurement’s role in disruption preparedness
- Supply continuity planning and escalation protocols
- Lessons learned from recent global disruptions
Day 3
- Role of procurement in demand and supply planning
- Information sharing with planners and suppliers
- Managing forecast uncertainty and demand volatility
- Procurement levers during demand shocks
- Characteristics of agile and resilient supply chains
- Procurement strategies under volatility and uncertainty
- Case studies of procurement-led supply strategies
- Assessment briefing and expectations
- Module review & assessment
- Structured recap of key frameworks and concepts
- Open Q&A and clarification
Assessment
- In-class participation
- Individual assessment
- Group work