Mod 2 Notes.pdf - Mod 2 Friday 12:26 PM Sourcing consists of purchasing any items the operation needs to produce goods or perform a service •

Mod 2 Notes.pdf - Mod 2 Friday 12:26 PM Sourcing consists...

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opportunity to identify potential savings building strategic partnerships global suppliers to reduce costs Sourcing : consists of purchasing any items the operation needs to produce goods or perform a service clearly walk a supplier thru all of the business requirements for supplying the requested item how the potential supplier can submit quote Request For Proposal (RFP): a business document that contains specific operational details to what exactly the org is looking for in relation to item necessities ThomasNet: database of suppliers Compare at least 3 domestic suppliers against 3 global suppliers Total Landed Cost: all costs. Other costs can include shipping costs, regulatory costs, etc. Landed cost is the standard for comparing suppliers because it accounts for all variables. Landed cost is a measure that accounts for all fixed and variable costs such as transportation, licenses, specialty fees, labor and any other related expenses that the supplier may charge. This measure is more complete
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  • Spring '12
  • Larry

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