StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategic Sourcing - Assignment Example

Comments (0) Cite this document
Summary
Strategic sourcing is a strategy to supply chain management that makes formal the process data is acquired and applied with a main objective that, a company can manage its combined buying power to establish significant potential prices in the market industry (Ravi, & Singh,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Strategic Sourcing
Read TextPreview

Extract of sample "Strategic Sourcing"

Download file to see previous pages For instance, fluctuation of prices and global crisis are factors that create a lot of problems to running of companies via sourcing. Owing to this fact, employee and customer satisfaction are as well evident. From the article Boeing Faster, faster, faster in The Economist magazine, it is evident that most supplying companies show tendencies of consistently failing their customers. This result to demand for production services overwhelming many sourcing companies hence customers cancellation of business deals. This theme of in-sourcing is also evident in the article below:
As much as outsourcing helps in saving on costs, it is associated with a lot of challenges which attributes the sourcing companies being unreliable. According to Wagner, & Boutellier (2002), small firms in the US lose the chance for supplier savings beyond $134 billion as a result of insufficient sourcing capabilities. It is thus evident that strategic sourcing is based on two factors which include operational and structural risks. On the operational risks, there are beneficial factors like price upgrading, cycle time reduction, upgraded inventory returns, transaction decrease, elevated services heights, inventory decrease and upgraded quality programs. On the structural risks, there are factors that include advanced profits, viable positioning, advanced reactions period to market state, employment of seller capability, outsourcing probability and authentic partnering with sellers. In order to ensure that companies receive great services, it is comparatively better to in source products and services. This will guarantee swift production and customer satisfaction at all times. This alternative however, limits the companies from obtaining diversified services and at times may be expensive to manage. There are some products/services that cannot be readily available within the company. Therefore, this implies that, companies may still find the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Sourcing Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1628371-strategic-sourcing
(Strategic Sourcing Assignment Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/management/1628371-strategic-sourcing.
“Strategic Sourcing Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1628371-strategic-sourcing.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic Sourcing

Out sourcing

... & No Outsourcing (Distinctive Features) 10 March Introduction All types and sizes of business organizations always try to find the next advantage that will give them an edge over their industry rivals. One of the foremost ways to gain the elusive competitive edge is to increase a firm's organizational flexibility. Through this way, the firm is enabled to react quickly to a fast-changing business environment and be able to grasp so many fleeting opportunities which might otherwise have gone to the competition. As a result of this search for flexibility, business organizations today now outsource non-core functions of their business and just concentrate on their main areas of expertise. Originally, outsourcing started as a simple... & No...
4 Pages(1000 words)Essay

Management

11 Pages(2750 words)Essay

The Importance of Diversity in the University

8 Pages(2000 words)Research Paper

Strategic Sourcing and E-Procurement currently is at King Faisal Specialist Hospital and Research Center

... Supervisor Strategic Sourcing and E-Procurement currently is at King Faisal Specialist Hospital and Research Center March 2009 TABLE OF CONTENTS 1.0 Introduction 1.1 Overview of Sourcing and e-procurement Management Problem of KFSHRC 1.2 Solving the Problem of Sourcing and e-procurement Quality Management 1.3 Solving the Problem of Supplier evaluation and Selection 1.4 Solving the Problem of Purchasing and sourcing knowledge management 1.5 Developing World Wide Sourcing Strategies 1.6 Managing Existing Suppliers and Suppliers Development 1.7 Negotiations 1.8 Contract Management 1.9 Sourcing and e-procurement information system for Procurement 1.10 Performance Management System and Evaluation 2.0 Conclusion... ...
13 Pages(3250 words)Essay

Comparison of Sourcing Strategies

... and the organizations supplier alliances are being established. In cases wherein there are changes in the supplier alliances in terms of the support given to a particular provider, the main affected are is the supply chain. This can be related to the importance of following the strategic allocation of sourcing services. If a particular supplier failed to provide the materials or service needed the whole process is disrupted and the end product cannot be achieved (Park, Reddy and Jurn, 2001; Seshadri, 2005). Based on the study undertaken then, sourcing can be considered as one of the inevitable development of the current era to be able to answer the demands of the international community in a variety of goods and services... . For that...
2 Pages(500 words)Essay

Strategic Sourcing within DoD at the Operational Level

...in the financial terms are expeditiously taken up to mitigate the cost of the administration. 9. In spite of all these efforts, the congress is not in the thought of funding any of the research programs just because they are not result giving in the short run and this sounds to be detrimental to the department’s future and nation’s security as a whole. 10. The department is also trying to solve this congress’s funding issue by developing positive attitude and operating through partnerships in and around Europe. However, this may become a strong blow for the organization’s maintenance of secrecy requirements. Strategic Sourcing within DoD at the Operational Level: On the whole, the funding of the...
30 Pages(7500 words)Thesis

Implementing Strategic Sourcing

...Summary of Research Paper Perceived Benefits of Outsourcing Outsourcing allows an organization to invest in services only when they require such services, a factor that translates into a form of control on the budget. Organizations that rely on outsourcing have an evident advantage because they do not need to focus ion offering training to employees. This is the role of the service providers hen an organization decides to outsource. Therefore, the organization can focus on other aspects of the business, yet access quality services from service providers in the market. Outsourcing is an emerging critical concept that provides organizations with the right kind of assistance, enabling them to conduct business within their competency... of...
1 Pages(250 words)Essay

Sourcing Material and Services

...Logistics Purchasing refers to the transactional function that involves the buying of products and services. Given a business setting, it entails placing and processing purchase orders. Procurement refers to the business process which involves managing a wide array of processes concerning the needs of a firm to acquire goods and services that would be required directly in the manufacturing of a product or indirectly in the organisation’s operations. Strategic sourcing entails the acquisition of goods and services (Coyle, Langley, Gibson, Novack & Bardi, 2012). These three are related in that strategic sourcing furthers the procurement process with a greater focus on the...
1 Pages(250 words)Essay

Discussion Questions - Strategic Sourcing

...Strategic Sourcing Introduction Staffing, as applies in the work environment, refes to the process of getting, deploying and maintenance of employees of an organisation (Heneman & Judge, 2006). It also ensures that an organisation manages to create and add quality to its employees though positive outcomes from the goals and objectives of the organisation. The staffing process has to be carried out with much keeness so that the organisation can manage to get the right staff the can execute the set functions effectively and efficiently. In the organisation, different assessments are ifthne used to determine the right staff needed by the organisation in its functions. The choice of the right assessemtn tool depends on the needs... Sourcing...
1 Pages(250 words)Essay

Strategic Sourcing - Assignmet

...Topic: Strategic Sourcing Structured Interview Form HRM410- Strategic Staffing   Kate Zuckerman       Job Title:  Quality analyst Brief description of position: The quality analyst is supposed to make sure that the products of the company along with its services maintain their superior quality at all times and in all the phases during production (Echaore-McDavid, 2008). In the case of a project, the quality analyst serves as a process coordinator of the entire system to make sure the best quality is maintained (Boland, 1996).   1) Interview Question:  What does the quality analyst analyze in the capacity of his position in a company? Why is this question important?  What type of...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Strategic Sourcing for FREE!

Contact Us