Welcome Friday, October 10, 2008
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
- Swedish retailer on the rack as logistics costs spiral
Wed, 01 Oct 2008 13:56:00 - New UN procurement scheme hopes to deliver harvest for the world
Wed, 01 Oct 2008 12:50:00 - Supermarket giant plays ethical sourcing trump card
Wed, 17 Sep 2008 09:22:00 - Trouble at Homebase despite sourcing improvements
Mon, 15 Sep 2008 10:52:00 - No half-baked measures as hospitality industry goes on a roll
Thu, 28 Aug 2008 13:00:00
STRATEGIC SOURCING ARTICLES
- African Adventures
Wed, 27 Aug 2008 11:44:00 - Bulgaria’s development stalls
Thu, 07 Aug 2008 08:04:00 - America calling
Mon, 28 Jul 2008 09:46:24 - It’s the cost of fuel, mate!
Mon, 28 Jul 2008 09:46:24 - Buyers Beware!
Thu, 01 May 2008 08:20:36
STRATEGIC SOURCING OPINIONS
- Opinion: Understanding supplier markets is of paramount importance
Wed, 24 Oct 2007 08:31:25 - Opinion: Groaning under the paperwork
Thu, 03 Nov 2005 22:21:00 - Opinion: The grass isn't always greener
Thu, 03 Nov 2005 08:00:00 - Opinion: To commit or not to commit
Mon, 01 Aug 2005 22:06:00
