Welcome Saturday, July 05, 2008
Strategic Sourcing
Procurement is defining its own culture: processes have had to become sharper and faster to be able to deliver in ever-tighter competitive environments. Sourcing no longer equates to instant cost gratification, but is now defined as a strategic component used to drive maximum competitive advantage.
Strategic sourcing is itself a benchmark. It relates to getting the best products and services at the best value. It is designed to segment external spend and ensure that procurement resources are focused on the most important categories. What sets strategic sourcing apart is its continuous attention to improving and re-evaluating the purchasing activities of a company, thus enabling organisations to adapt to changing market forces.
Systematic strategic sourcing was initiated by General Motors in the 1980s and soon became a common business tool. Many companies worldwide reviewed their purchasing activities and initiated strategic sourcing programmes in response to the rise of China as a global manufacturing hub after its accession to the World Trade Organization in 2001.
STRATEGIC SOURCING NEWS
- Companies looking closer to home as soaring shipping costs take hold
Wed, 11 Jun 2008 10:52:47 - Global sourcing offers Dell unexpected boost
Fri, 30 May 2008 10:43:00 - Greenpeace campaign forces Unilever rethink
Tue, 06 May 2008 15:46:57 - Levi sees profits flare despite "difficult" marketplace
Mon, 14 Apr 2008 10:42:56 - Moss Bros boss defends record on sourcing
Mon, 07 Apr 2008 09:16:16
STRATEGIC SOURCING ARTICLES
- Buyers Beware!
Thu, 01 May 2008 08:20:36 - Is Eastern Europe the new China?
Thu, 31 Jan 2008 14:47:32 - Big business keen to exploit advantage provided by procurement outsourcing
Tue, 08 Jan 2008 08:53:56 - Back to school
Wed, 24 Oct 2007 15:28:21 - Uncertain times for outsourcing providers
Fri, 16 Mar 2007 14:20:52
STRATEGIC SOURCING OPINIONS
- Opinion: Understanding supplier markets is of paramount importance
Wed, 24 Oct 2007 08:31:25 - Opinion: Groaning under the paperwork
Thu, 03 Nov 2005 22:21:00 - Opinion: The grass isn't always greener
Thu, 03 Nov 2005 08:00:00 - Opinion: To commit or not to commit
Mon, 01 Aug 2005 22:06:00
