Welcome Thursday, February 23, 2012
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
- China car electronics suppliers to 'move upmarket' in 2012
Wed, 01 Feb 2012 11:02:43 - Companies not addressing supply chain due diligence in mergers
Wed, 01 Feb 2012 09:48:30 - German businesses form commodity purchasing alliance to secure raw material supply
Tue, 31 Jan 2012 10:16:51 - Firms 'ignoring' potential of centralised procurement
Wed, 25 Jan 2012 09:13:49 - African airlines club together to buy fuel
Mon, 16 Jan 2012 10:41:34
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
- Global Procurement and Sourcing Technologies
Wed, 02 Feb 2011 10:11:41 - 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 - Vietnam Sourcing
Fri, 07 Mar 2008 11:50:00
