Sourcing strategic

Procurement covers all company and/or market-oriented activities that have the purpose to make objects available to the company that are required but not produced (Large 2000, p. 2). Other terms found in the context of procurement are strategic sourcing, purchasing, supply management and/or supplier relationship management. 

Talluri S, Narasimhan R (2004) A methodology for strategic sourcing. International Journal of Operational Research 154 (1) 236-250... 

Having strategic sourcing and unique functional capabilities... 

Figure 4.16. Operational and strategic. (Source Adapted from IMD, 2003.)...

Strategic sourcing approaches at the supply end, and mass customization approaches at the consumption end, are likely to be fertile areas for relatively quick large-scale benefits. 

Venkatesan, R. Strategic Sourcing To Make or Not to Make. Harvard Business Review, Reprint 92610, November—December 1992. 

If it were based on effort, the relationships should be stronger. There is no supply chain that has sponsored more industry programs to build value chain collaboration than the consumer-driven value chain. They were many. Over the last 10 years, there have been a myriad of programs to improve collaboration BCR, collaborative forecasting and replenishment, the Voluntary Inter-industry Commerce Solutions Association, and the Foundation for Strategic Sourcing Association. However, the industry has made little progress. There are four fundamental issues ... 

It was driving a lot of service issues and increasing our carrying costs, explained a senior manager for strategic sourcing. 

Source (22) 2.1 Strategic Sourcing (7) 2.2 Supplier Management (7) 2.3 Purchasing (4) 2.4 Inbound Material Management (4)... 

A large building products company ( 4 billion in annual revenues) achieved its taiget of a 20 percent reduction in costs when it applied a strategic sourcing process to its IT and maintenance procurement functions. 

Another utility ( 2 billion in annual revenues) reduced its inspection and repair costs by 30 percent annually by implementing a strategic sourcing process. 

Consideration of industry initiatives in the E-commerce areas, such as efficient consumer response (ECR), efficient foodservice response (EFR), warehouse management systems (WMS), strategic sourcing and cross-docking, vendor-managed inventories (VMI), and continuous replenishment planning (CRP)... 

Strategic sourcing The use of the overall accjuisition function as a tool for strategic improvement rather than one focused on transactions only. Involves both cost reduction from better purchasing and effective partnerships across the supply chain. 

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