Analysis of Practical Teaching Methods for Logistics Management Major in Higher Vocational Colleges-Taking the Procurement Management Practice Course as an Example

As a teacher majoring in Logistics Management in higher vocational colleges with deep understanding of the course for many years and taking the Procurement Management Practice course as an example,this study selects the after-school cases in the"'Purchase Price and Cost ControF5 chapter in the second edition textbook of Procurement Management Practice of Machinery Industry Press as the research subject of this case analysis.In addition,combined with the chapter content of this textbook,this paper expounds the teaching methods of practical training projects.In hope to provide some ideas for practical teaching,through research and analysis,there is a clearer understanding of the practical teaching of the core curriculum of Logistics Management major.

Optimal Procurement Management by Reverse Auctions for a Price-Setting Newsvendor

In this paper, we study the optimal procurement management by reverse auctions for a price-setting newsvendor(retailer) in a single period setting. The retailer facing price-dependent stochastic demand first designs a procurement contract and then invites the suppliers to bid for this contract in the reverse auction. The winning supplier produces and delivers the demanded quantity.The retailer obtains the procurement quantity and simultaneously determines the retail price. By using the price elasticity of the lost-sales rate, we show that the retailer’s expected profit(excluding the procurement cost) is a concave function of the purchased quantity, which can be used to obtain the optimal procurement and retail pricing decisions for the retailer. Further, when the underlying random term of demand function is normally distributed under left-truncation(at 0), we get the analytical expressions of the purchased quantity and expected profit function for the retailer. Moreover, some numerical examples are given.