Welcome Friday, September 03, 2010
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
- Starbucks to absorb coffee price fluctuations
Thu, 19 Aug 2010 09:21:31 - Global petrochemical prices hold firm
Tue, 17 Aug 2010 08:39:52 - Analysis: Boeing grounded by supply chain woes
Thu, 22 Jul 2010 09:40:38 - Price of paper pulp rockets for China-based companies
Wed, 21 Jul 2010 10:31:28 - Procurement scams decline but overall UK fraud tops £1bn
Wed, 21 Jul 2010 10:16:09
STRATEGIC SOURCING COMMENT
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.
STRATEGIC SOURCING ARTICLES
- Thought Leaders: Driving savings to the bottom line
Fri, 20 Aug 2010 09:21:56 - Profile: Siemens CPO, Barbara Kux
Tue, 17 Aug 2010 14:47:49 - World view: Handling China’s dynamic supply market
Thu, 11 Feb 2010 17:04:07 - Crowd sourcing and innovation networks: a glimpse of the future
Mon, 19 Oct 2009 14:43:12 - Profile: Ron Carcamo, CPO, Yahoo
Tue, 18 Aug 2009 14:32:48
STRATEGIC SOURCING RESEARCH
- Demand Forecasting: Using Oracle to Drive Business Results
Wed, 09 Sep 2009 07:56:36 - Bridging the European Talent Gap Offshoring through a Virtual Captive SM
Tue, 08 Sep 2009 15:22:47 - Best Value Country Sourcing - A Paradigm Shift for Global Sourcing Approaches
Tue, 02 Dec 2008 13:01:09 - Global Energy Procurement Market
Mon, 11 Aug 2008 09:23:00 - Philippines Sourcing
Thu, 20 Mar 2008 09:59:00
