Master in Logistics and Supply Chain Management

 

New Track in Digital Procurement

The Track in Digital Procurement prepares students of the MIT SCALE Master in Logistics and Supply Chain Management for a professional career in global procurement organizations. The track offers student a unique combination of an academic education in operations management with the study of digitalization and its impact on procurement. The track is actively supported by the CPO Club, an organisation composed of chief procurement officers from multiple multinational companies (Amazon, ArcelorMittal, Delphi, Ferrero, Leaseplan, SES, and Vodafone) that operate their procurement organization from Luxembourg.

Chair Holder: Nils LÖHNDORF

The track specifically targets two groups:

  1. International early career professionals or consultants of manufacturing or service companies who want to move into a procurement function or who want to improve their career prospects by acquiring competences in digital procurement.
  2. Bachelor graduates from the EU with an excellent record and an interest in tech mindset who want to start a career in procurement.

Benefits

  • Students who graduate from the track benefit from many local employment opportunities due to Luxembourg’s position as European procurement hub.
  • Students are offered immediate access to large procurement organizations located in Luxembourg through frequent interactions in courses, seminars, as well as a joint thesis project with a corporate partner.
  • Courses are tailored to small class sizes and interactive sessions that combine academic with professional training which is accompanied by field trips, industry seminars, and on-site project work.
  • Students have the unique opportunity to apply what they have learned by conducting a real-world project together with an industrial partner.  which is guided by their academic supervisor together with a mentor from industry.

 Learning Outcomes

Upon successful completion of the track, students will have acquired the following competences, professional skills, and know-how:

  • Understand key procurement concept (direct and indirect procurement, strategic and transactional procurement, category management, contracts and tenders, supplier relationship management, compliance and governance),
  • Understand how procurement generates value and how digitalization contributes to this,
  • Know best practices in procurement as well as the latest trends in its digitalization,
  • Ability to mathematically formalize and solve business problems that arise in procurement,
  • Ability to derive value from data through data science and machine learning,
  • Ability to apply scientific methods to address a relevant and pressing problem in a real procurement organisation.

An important learning outcome marks the creation of new knowledge through a close collaboration between academics and practitioners from the CPO club through joint workshops, industry seminars, and thesis projects.

Course Overview

Curriculum

Course Name

ECTS

SEMESTER 3

LSCM

Analytical Methods and Data Science

7

Inventory Management

4

Supply Chain Resilience

0

Supply Chain Mangement

4

Introduction to Supply Chain Leadership

3

Personal presence, Communication and Networking

1

Professional Business Networking

1

Project Management

1

Digital Procurement

Topics in Digital Procurement

4

Negociation in Procurement

3

Digital Procurement Thesis Preparation

2

SEMESTER 4

LSCM

Supply Chain Finance

3

Professional Business Networking

1

Interview Practice

0

Digital Procurement

Machine Learning in Procurement

3

Procurement Management

2

Digital Procurement Thesis Write-ip

16