Global Sourcing - The reorientation in purchasing

Global Sourcing - The reorientation in purchasing

Author: Thomas Drabner

Publisher: GRIN Verlag

Published: 2003-06-10

Total Pages: 20

ISBN-13: 3638195333

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Seminar paper from the year 2002 in the subject Business economics - Supply, Production, Logistics, grade: 1,2 (A+), Heidenheim University of Cooperative Education (Economics and International Trade), course: International Management, language: English, abstract: One of the most important economic prerequisites for operating on the market is the efficient procurement of quality goods and services. International orientation is hereby becoming increasingly influential. Due to globalisation the world is to be seen as one single market. The impact of this perspective does not only refer to global sales but to global procurement as well. In terms of an international perspective the term ′Global Sourcing′ has evolved describing the challenging opportunity of supplementing traditional procurement by international complex activities. Worldwide suppliers, worldwide options and the access to global knowledge increase the need for detailed evaluation. Global sourcing hereby aims at ensuring a competitive advantage in terms of procurement politics. Those politics equally contain chances and risks. A variety of suppliers also means a variety of quality standards. International sources require international logistics. Therefore global sourcing is beyond simple international purchasing and rather a general strategic orientation towards international supply markets. Consequently, the focus of this term paper is to determine the strategic orientation of procurement politics towards Global Sourcing on the basis of international supply chain management.


Global Sourcing - The Strategic Reorientation of Purchasing

Global Sourcing - The Strategic Reorientation of Purchasing

Author: Wolfgang Schneid

Publisher: GRIN Verlag

Published: 2010-05-08

Total Pages: 25

ISBN-13: 3640612078

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Seminar paper from the year 2004 in the subject Business economics - Supply, Production, Logistics, grade: 1,3, Heidenheim University of Cooperative Education, course: International Management, language: English, abstract: "Es ist nicht genug zu wissen, man muß es auch anwenden; Es ist nicht genug zu wollen, man muß es auch tun." Goethe Globalisation of markets progresses rapidly and leads to more competition. In times of Supply Chain Management, Cost Saving Measures and Outsourcing companies have to reorient their business planning. New concepts are necessary to reach a cost efficient production. In this context, globalisation must not only be considered as global selling of own products. With the same effort global logistics and procurement have to be taken into account to gain global success. Global Sourcing is already known as conscious orientation of a purchasing strategy. However, its implementation hasn't gone far yet. Increasing economical interweaving and better technological possibilities make Global Sourcing, even for middle-class companies more relevant than never before. Global Sourcing is more than just buying goods and services in foreign countries. In bounds of company philosophy, efficient strategies have to be developed to ensure international competitiveness. Extending of purchasing options, access to world-wide know-how or even increasing sales of own products are just some features of this concept. Before integrating the Global Sourcing Concept in other company strategies a closer look is necessary. The focus of this term paper remains in showing Global Sourcing as a part of the reorientation of purchasing, determining its features and risks as well as indicating the strategy of Global Sourcing. For not going beyond the scope of this work, I will refrain from exact determination of every single sourcing strategy (Sourcing Toolbox). Even it's not its task to set exact guidelines, concerning the integration into company's strategies. Addition


Strategic Global Sourcing Best Practices

Strategic Global Sourcing Best Practices

Author: Fred Sollish

Publisher: John Wiley & Sons

Published: 2011-01-06

Total Pages: 246

ISBN-13: 0470949309

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The latest best practice guidance on all aspects of global strategic sourcing-including environmental and international issues Strategic Global Sourcing Best Practices covers the latest trends and leading edge processes in global strategic sourcing, including supply management, t, sustainability, financial decisions, risk management, and international strategies. Offers the latest trends and guidance for sourcing and supply managers Features coverage of understanding sourcing, procurement and supply management, procurement and best business practices, best practices in sourcing management and global sourcing management, financial strategies for sourcing, responsible procurement,diversity procurement, managing risk, supplier selection, project management for procurement and supply managers, managing supplier relationships, international sourcing, managing supplier relationships supply management operations, With the rise of global supply chains, environmental/sustainability concerns, and constantly evolving technology, the time is right for understanding Strategic Global Sourcing Best Practices.


An Overview of Global Strategic Sourcing

An Overview of Global Strategic Sourcing

Author: Fred Sollish

Publisher: John Wiley & Sons

Published: 2011-05-09

Total Pages: 246

ISBN-13: 111810014X

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This selection discusses global sourcing and explores strategies for locating, qualifying, and employing suppliers that add maximum value to your business. Discover profit-boosting opportunities specific to your market environment by following Sollish's clear steps for analyzing and implementing a strategic sourcing plan. Other topics covered include investigating sourcing opportunities, co-sourcing and strategic alliances, and reducing supply risk.


Global Sourcing

Global Sourcing

Author: Gerhard Trautmann

Publisher: Springer-Verlag

Published: 2009-02-14

Total Pages: 132

ISBN-13: 3834981745

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Gerhard Trautmann explains the relationship between global sourcing strategy and organization design.


Global Sourcing and Purchasing Post 9/11

Global Sourcing and Purchasing Post 9/11

Author: Michael Assaf

Publisher: J. Ross Publishing

Published: 2005-10-15

Total Pages: 324

ISBN-13: 9781932159394

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New post-9/11 government policies have affected the wayevery global importer must manage their supply chainprocesses. This book will help companies overcome theobstacles encountered when products cross internationalborders on their way to U.S. companies. It will aidprocurement and supply chain managers in establishingsuccessful ......


Supplier Matters

Supplier Matters

Author: Dr. Aditya Verma

Publisher: Notion Press

Published: 2019-01-17

Total Pages: 192

ISBN-13: 168466490X

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“Purchase commonly respond that they are so busy in daily paper works and firefighting that they have no time to do things, what they really want to do. Aditya’s book will surely help in organizing their work. S K Goenka, Managing Director, Emami Ltd. INDIA "Aditya distills hands-on experience built over decades in MNCs and Indian companies into a practical handbook that will prove immensely valuable to supply chain and sourcing professionals and general managers wishing to improve their procurement function's effectiveness and strategy". Kenneth Gayer, Chief Executive Officer, Gelest Inc., USA “Too often in the past, suppliers were selected primarily on the basis of cost and that proved costly”. This is excellent manuscript from Aditya to improve supplier managing process. Ricky Jack, Vice President Global Operations (Retd), DuPont Solae LLC., USA “Procurement function of any organization is run by the most responsible person. If anything goes wrong, he or she who heads Purchase is generally the one held responsible. There’s always a sense of fire-fighting - raw materials must reach the plant on time, but there shouldn’t be excess inventory. Inputs must be at the lowest cost, but vendors must be loyal - even if payments are delayed, just in time even if forecast accuracy is 50%. Into this apparent chaos flutters the pages of this book, an enjoyable and educative narration on how to massage a modicum of method into the madness. Fantastic tale and a treatise from Aditya.” Dr. Anjan Ray, Director – CSIR, Indian Institute of Petroleum, INDIA. Using real world examples, the author demonstrates the importance and structure of a robust supplier qualification process, as well as ways to monitor the ongoing performance of the supply base. He goes on further to show how critical it is to have all major business functions aligned throughout the process. James W. Bova, Vice President, Global Sales, PMC Group Inc., USA. “Aditya created and oversaw Sourcing operations for India & High Growth regions in a large MNC, and applied the strategies described herein which delivered results, this book will surely help businesses in improving profitability and sustainability through procurement”. Jens-Wolfgang Rieck, Sr. Director – Procurement Portfolio Transformation – Honeywell, Switzerland. “Risk analysis, lean processes, criticality grid, supplier development and global business culture understanding are key to procurement performance. Aditya with long experience in the Procurement reflected very well on these.” Yofre Rodriguez Carlos, Global Procurement & Supply Chain Director, Kirsch Pharma Group, Germany.


Low-Cost Country Sourcing

Low-Cost Country Sourcing

Author: Martin Lockström

Publisher: Springer Science & Business Media

Published: 2007-11-17

Total Pages: 295

ISBN-13: 3835095277

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On the basis of a pan-European survey conducted among senior purchasing managers of 200 large-sized multinationals, Martin Lockström identifies internal key success factors of companies sourcing in low-cost countries.


International Sourcing

International Sourcing

Author: Daniel Senft

Publisher: Springer Science & Business Media

Published: 2013-09-25

Total Pages: 252

ISBN-13: 3658027800

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Globalization leads to increased fierce competition and companies which do not pursue successful global sourcing within the next five years are probably not able to survive. However, global sourcing projects are highly complex and two-thirds of all sourcing projects in Europe are considered to have failed. A tool of ten steps is elaborated to show how to evaluate the success of sourcing by considering the potentials and risks in an international context. Successful managing of international sourcing, however, does not only imply the primary goal to acquire parts cheaply abroad, but it can be seen as a kind of strategic weapon to create a strong market position and to keep the company successful on the long term.