Sourcing and Procument

  • strategic sourcing
    • development and management of supplier relationships to acquire goods and . or services in a way
      • Aids in achieving the immediate and potential needs of the business
      • Has the strategically importance
    • sourcing = buying ?
  • bullwhip effect
    • Phenomenon of Variability magnification as we move from the customer to the producer in the supply chain
    • A slight change in consumer sales ripple backward as magnified oscillations upstream like the result
  • bullwhip effect
    • using information sharing to reduce bullwhip effect
      • behavioral finance
  • vendor managed inventory (VMI)
    • suppliers managebuyer inventories to reduce inventory carrying costs and avoid stockouts for buyer
      • from buyer-firms perspective -
      • from the supplier's perspective
  • demand and supply uncertainty
    • functional
    • innovative
    • stable
    • evolving
  • sourcing goes beyond simple material buying
  • sourcing strategies
  • outsourcing and off-shoring
  • measurements
  • outsourcing - away from the company
    • moving some of a firm's business activities and decision responsibility to outside providers
      • a entire function or some elements of an activity
      • allows a company to create a competitive advantage while reducing cost
  • off shoring - away from the country

Comments

Popular posts from this blog