Trends+in+Sourcing+aug 25

Trends+in+Sourcing+aug 25 - Trends in Sourcing Aug 25, 2010...

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1 Trends in Sourcing Aug 25, 2010
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2 Discussion Issues Define sourcing What are synonyms for sourcing? Why should we study sourcing strategies? What are examples of ‘best practices’ when it comes to sourcing? Think of product examples Or company examples
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3 Sourcing and Synonymous terms Simply put, sourcing is the buying process What has changed is the scope of ‘buying’ From product, service, part to a capability Also, what has changed is the ‘process’ Structure (teams) and Mode (E-procurement, other technology tools) Notion of lean (value-add) Other terms are purchasing, buying and procurement
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4 Why Study Sourcing? Skill Development Important for interface role Finance; Design/Engg; Accounting etc Skills are transferable Talent is mobile Business Value Affects supply chain strategy Significantly influences bottom line Global footprint
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5 Best Practices - Sourcing Product Examples User cheaper materials Using alternative materials (non-commodity driven) for example, substitutes for rubber Manage commodity indices Company Examples Using Total cost of ownership principles Taco Bell – Bell pepper Wendy’s – Beef Intel – Component sourcing for chips Toyota Supplier Development Training in lean
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Consider these examples. . Budget crises in several states Michigan, Rhode Island and South Carolina Real Estate Market crash and Manufacturing What is the implications for sourcing? Remember, sourcing principles are valid for: Services, Capital equipment and Indirect materials as well In the context of outsourcing, what will be the impact of the Indian Enron – Satyam? Fraud to the tune of $1 billion – overstating revenues and
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Trends+in+Sourcing+aug 25 - Trends in Sourcing Aug 25, 2010...

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