Welcome Saturday, July 04, 2009
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
- DHL Supply Chain expands Chinese operation
Tue, 30 Jun 2009 09:11:27 - Tinto shows metal to spark anger in China
Fri, 05 Jun 2009 08:32:25 - Incoming CEO to prioritise procurement at Shell
Thu, 28 May 2009 07:58:48 - Recovery may be slowed by supply chain failures
Tue, 05 May 2009 08:42:24 - Carrefour looks to local sourcing in India
Thu, 16 Apr 2009 08:04:11
STRATEGIC SOURCING COMMENT
STRATEGIC SOURCING ARTICLES
- Roundtable: Indirect spend, London
Fri, 12 Jun 2009 09:25:38 - Sourcing strategies to stand the test of time
Thu, 11 Jun 2009 15:25:27 - US protectionism creeps nearer
Mon, 16 Feb 2009 10:45:00 - Going Dutch key to growth
Wed, 17 Dec 2008 15:23:00 - Emerging costs
Wed, 17 Dec 2008 14:55:00
STRATEGIC SOURCING PRESENTATIONS
Increase your odds in procurement
Risks are always around the corner for supply chain professionals. Some risk result from unpredictable events, others are structural uncertainties. The Procurement Risk Management (PRM) Group at HP has developed and implemented a framework, business process and tools to mitigate the impact of supply chain risks.
Epson’s Efforts to Promote CSR Procurement
In 2005 Epson defined its expectations of suppliers in "Epson Group Procurement Guidelines" and "Supplier Evaluation Criteria. Epson reviewed their evaluations of suppliers and improvement activities, and promoted the application of uniform standards and evaluations for all suppliers around the world.
