LOG303: Show the Importance of Strategic Procurement (and sourcing) in Singapore’s bid to Secure Covid-19 Vaccines for the Nation.: Sourcing and Supply Management Assignment, SUSS, Singapore

Question 1
(a) Show the importance of strategic procurement (and sourcing) in Singapore’s bid to secure Covid-19 vaccines for the nation.

(b) Appraise (i) the category strategy development and (ii) the relevant supply management strategies are undertaken, to effectively to secure early supplies of Covid-19 vaccines. You may use  (i) any of the market research and strategy development concepts covered in class. Then (ii) relate how the supply management strategies you have identified from the articles can be used to secure the vaccines.

Article 1: Channel News Asia

SINGAPORE: Singapore is “quite proactively” in discussion with vaccine developers, pharmaceutical companies and research institutions to make sure it can have, “early access” to future COVID-19 vaccines said Health Minister Gan Kim Yong on Friday (Jul 24). These discussions surround collaboration on research efforts and advanced procurement, said Mr Gan at a press conference held by the COVID-19 task force.

Director of medical services at the Ministry of Health Associate Professor Kenneth Mak said that Singapore is “extremely interested” in working with pharmaceutical companies and collaborating on an international front “with a view towards being able to gain access to promising vaccine candidates”