BusM 361 Strategic Sourcing Fall 10

BusM 361 Strategic Sourcing Fall 10 - BusM 361: Strategic...

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Click to edit Master subtitle style BusM 361: Strategic Sourcing I will lift up mine eyes unto the hills, from whence cometh my help. Psalms 121:1
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Origins of Purchasing and Strategic Sourcing Prior to the 1960s Few purchasing books existed Few purchasing personnel contributed to organizational success During the 1960s and 1970s Purchasing was largely clerical The focus was on price Activities were still largely operational and tactical During the 1980s Importance of purchasing grew with the need to
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Transition to Strategic Sourcing By the late 1980s material costs made up approximately 60 percent of the cost of goods sold Manufacturing industries became focused on just-in-time, quality and continuous improvement Electronic purchasing systems provided the stimulus for more change Two types of supply activities needed management:
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Strategic Business Plan Elements Marketing strategy Conversion strategy Finance strategy Supply strategy
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This note was uploaded on 04/22/2011 for the course BUS M 361 taught by Professor Cynthiawallin during the Fall '10 term at BYU.

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BusM 361 Strategic Sourcing Fall 10 - BusM 361: Strategic...

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