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7 Step Sourcing Strategy
 
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7 Step Sourcing Strategy
Views: 3278 Learning Unplugged
Strategic Sourcing vs. Traditional Procurement
 
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I interviewed Arvind Swamy who discussed Strategic Sourcing versus Traditional Procurement. How did strategic sourcing come about? 15 to 20 years ago when companies only had purchasing departments. The procurement function was treated as a need or necessary evil. When companies would procure their goods or services they would cut a PO. Not much was talked about leveraging suppliers and putting contracts in place to protect companies and suppliers. About 10-12 years ago companies started getting smarter and decided that for any good they have: They should have a limited number of suppliers They should be able to manage it. They should understand what they buy and how changes in marketplace effect what they buy and what they pay. They should know how their suppliers are doing. Are they best in class and delivering good quality?
Views: 27181 Dustin Mattison
Six Steps To Create Strategic Sourcing Plan
 
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http://www.cpsmtraining.com For a free guide to Careers in Supply Management Six Steps To Create Strategic Sourcing Plan Learn how to develop a strategic sourcing plan that will improve cost savings and increase profitability, so you stop reacting to crisis and start managing your supply chain. Specifically you will learn... How to align strategic sourcing with corporate vision, so your actions support the organization How to select the best technology to support strategic sourcing, so you use the most effective technology How to prioritize spending to align with corporate plans, so you have resources to execute your plans. How to determine whether or not to outsource certiain requirements, so you maintain control in your supply chain How to integrate strategic sourcing with sales and marketing, so your efforts meet the needs of the customers How to present your plan to executive leadership, so you get buy-in and support to implement strategic sourcing as a strategic capability For a free guide to Careers in Supply Management visit http://www.cpsmtraining.com
Views: 18596 cpsmtraining
'Strategic Sourcing'
 
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The Webinar will focus on understanding What, Why & How of strategic sourcing. This Can be viewed as a "TOP DOWN" tool to connect strategy with implimentation. This will Cover one major chapter of CPSM Exam (3).
Views: 46184 ISM-INDIA
Sourcing in Procurement and Supply
 
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If you are working towards achieving your CIPS Diploma in Procurement and Supply, then the Diploma in Procurement and Supply Video Course will give you access to around 30 hours of high quality video lectures covering all five Diploma units and delivered by experienced tutors, practitioners and CIPS assessors.
Procurement Training, Purchasing Training, Supply Chain Management Training - Click to Watch Now!
 
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http://www.CenterForPSCMExcellence.org - You will get FREE world-class procurement training, purchasing training and supply chain management training in this video. Omid has 18 years experience with Intel Corp, where he rose to the position of leading their entire global corporate purchasing operations organization. His experience and strength in negotiations earned him the corporate designation of "Godfather of Negotiation Planning" for the entire $2.2B global purchasing organization, thus also nicknamed, The 2 Billion Dollar Man. He has broad and rich experience in complex, high dollar value, and high stakes negotiations, total cost analysis, supply chain management, purchasing contract law, purchasing operations, purchasing policies and procedures, complex sourcing strategies, controls and risk management, selection and deployment of purchasing systems/tools, purchasing integration of mergers and acquisitions, international purchasing strategies, negotiating with different cultures, supplier performance management, procurement training, and purchasing strategy mapping and execution. YOU WILL LEARN: 1. Taking costs out of supply chain  Why asking suppliers to reduce price is an antiquated strategy  Why focusing on supplier profit reduction only attacks a very small part of TCO  How to make your suppliers excited about reducing TCO instead fighting against you  How to change your RFX (RFP, RFQ) strategy and approach forever to get far more innovative and deep cost savings responses from suppliers 2. Writing contracts to prevent & remedy TCO excursions  Why relying on the legal department to "own" the contract terms is the biggest disservice to your results and to your career  How empowering yourself with contract knowledge can liberate you from being dependent on the legal department  Why relying on the standard contract template terms can get you in lots of hot water and how to stay out of it  How to shift the focus from the contract being a safety net for when things go wrong to having it be a strategic tool to make sure things go right 3. Cost Modeling & Benchmarking for success  What the different sorts of cost models are (Should Cost, Must Cost, Total Cost)  When to use each type of cost model and when to use benchmarking  Why using the wrong type of tool will get you poor results and result in lots of wasted time 4. Using concessions to achieve Win-Win Why the traditional notion of Win-Win is completely wrong and needs to be thrown out the window  What the Art and Science of negotiations really is: Meeting ALL of your high value/high TCO objectives while knowing how to make the supplier feel good about the deal  Why listening is the most important negotiation skill and how to use it to achieve Win-Win  How to use a concessions worksheet model to ensure that you know exactly what the supplier wants, and how to deliver them some "wins" that are high value but have minimal impact to your TCO Omid goes even deeper into each of these topics in training through his website, seminars, webinars and courses. We invite you to join our community and experience a paradigm shift in purchasing that will make your career and life much less stressful and much more enjoyable. Work with Omid to rearchitect how you do procurement to CATAPULT your purchasing results, career and income potential, GUARANTEED! World class procurement training and supply chain management training can be found at: http://www.CenterForPSCMExcellence.org
Views: 408792 PurchasingAdvantage
Lesson 6 - SCM Sourcing 101- Learn sourcing of materials in procurement, purchasing management
 
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SCM sourcing is a key activity in procurement an purchasing processes. A good logistic and supply chain professional should know the sourcing alternatives available when selecting suppliers! Watch and learn quickly! A good SCM job is waiting for you. Subscribe Americo e-Learning by Americo Cunha, PhD. Subscribe here: https://goo.gl/HpmVLb Summary of video transcript One of the most important activities of the purchasing process is the sourcing. What is sourcing? What are the alternatives? How to select suppliers professionally? Sourcing is the process of identifying, selecting, and developing suppliers. In this video, you have to answer four questions. What are the materials required? How the company can obtain these materials? In the case of purchasing, who and where are the suppliers? The what question lead us to the requirements. The how, if the company will be producing or purchasing the material. Alternatives for location, type, size, quantity are the answers to the questions who and where. The purchasing professional should evaluate alternatives and determine which one meets the company requirements and strategy. One of the first decision to be made is if the company will produce internally or buy the resource required. If decides for producing internally, the production area should take care of the request. In the case of purchasing, the company has some basic alternatives. The basic sourcing alternatives are: - Single vs. multiple suppliers - Local, regional, global suppliers - Retailers, distributors, manufacturers - Large and small suppliers We will be working on them with more details next. ============= Practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications. MY SOCIAL MEDIA AND CONTACT MEDIA YOUTUBE: www.youtube.com/c/americoelearning E-MAIL: [email protected] WEBSITE: www.americoelearning.com TWITTER WEBSITE: https://twitter.com/AmericoBC LINKEDIN: https://ca.linkedin.com/in/americobc MISSION STATEMENT My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure. We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation. My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago. Topics covered in this video: purchasing lectures, procurement training, purchasing training, purchasing lectures, supply chain lessons, logistic training, logistic lessons, logistic lectures, supply sourcing strategy, operations management (field of study), break-even analysis, operations management lecture, business process mapping, flowcharting mapping, supply chain (field of study)
Views: 6727 Americo e-Learning
Sourcing/ Procurement
 
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Views: 2239 Disney Careers
What is the Strategic Sourcing in Urdu | Hindi | اُردو میں |
 
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What is the Strategic Sourcing in Urdu | Hindi | اُردو میں | Procurement Profession Course (Video No. 5) In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the client's individual needs. In a production environment, it is often considered one component of supply chain management. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. What is a strategic sourcing specialist? Sourcing Specialists are experts who help make the sourcing process of a company or institution more efficient. They do this through building relationships with suppliers, negotiating cost and developing agreements that ultimately help a company grow and become more profitable. What is meant by strategic purchasing? Companies implement Purchasing strategies in order to make cost effective purchasing decisions from a group of efficient vendors who will deliver quality goods on time and at mutually agreeable terms. ... These strategies are predominant when sourcing for IT or indirect purchasing such as office supplies and cleaning. Strategic sourcing is a systematic approach for improving an organization's purchasing activities. It ensures that the company acquires goods and services on a cost-effective basis while improving value creation. How do you build a sourcing strategy? Step 1: Enumerate the things to be sourced. Step 2: Document the current sourcing model. Step 3: Determine the desired sourcing model. Step 4: Create a visualization. Step 5: Evaluate. Step 6: Make an action plan. ....YOU CAN FOLLOW ME.... Support, Subscribe, Like, Share! Facebook: goo.gl/tBNqmM Google Plus: goo.gl/V1bcZH Instagram: goo.gl/zrhvtv Blog: goo.gl/3AW3K8 Tumblr: goo.gl/me7ZNn Subscribe: goo.gl/T2qGQc
Strategic Sourcing for Purchasing managers
 
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For a free guide to Careers in Supply Management visit http://www.cpsmtraining.com
Views: 131 cpsmtraining
Purchasing and Procurement
 
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Here we are trying to distinguish between Procurement and purchasing , terms often used interchangeably. https://youtu.be/ntHnQrQBG2Y 5 Rights Of Procurement: https://youtu.be/wpKQWvVYnME Total Cost Of Ownership: https://youtu.be/YKdcEOTA7Pk Conformance and Performance Specification https://youtu.be/ow4oOhsxuPk Hope the Video is useful. Subscribe to the channel for more procurement and other management functions related videos. Content : Discussing Purchasing & Procurement , and trying to differentiate between the two.
Views: 80621 P&S Buddy
B2B Purchasing Negotiation Five Strategies to Reduce Vendor Prices
 
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The following video outlines five purchasing and procurement strategies all geared towards lowering vendor prices and or reducing supply chain and inventory management costs. These strategies are put forth from someone who has worked in sales and marketing for 20 years and wanted to combine the best strategies employed by the best purchasing negotiation teams. In essence, these strategies come from those purchasing and procurement agents I have negotiated with. They include the most successful strategies employed against me. The first includes not tipping your hand and or broadcasting your needs too soon in the negotiation process with a salesperson. Instead, nail down your price and then use your requests, needs and or concession to reduce pricing. For instance, agree upon a final price and then ask for a discount or reduced price for 1) prepaying total or a portion of your purchase, 2) prompt payment incentives like net-10 day terms 1 to 2 percent discount or 3) increasing volumes or committing to long-term supply contracts or orders. The second tip includes avoiding using veiled threats - which are simply threats you have no intention of following through on. When you threaten vendors too much without ever following through on a threat, then you are simply training them not to take your threats seriously. Third, match a high-value concession for a high-value concession. In this case, come up with a list of requests and or "must-haves" as outcomes from the price negotiation. When the salesperson makes a request, make sure you counter with one of your own of equal value. Fourth, when it comes to getting price reductions from a salesperson, you have to sometimes appeal to their better nature. In this case, add a little personal touch to your negotiations. Ask for a price reduction by outlining the pressures and demands that are placed upon you as a purchasing agent. In this case, you have to attain a certain inventory cost structure so ask your salesperson to help you attain that. Finally, keep your vendor honest by constantly going out for competitive bids. Even the best of vendors can become complacent. However, if they know you know as much about pricing in the market as they do, then those vendors will be less likely to take advantage of you.
Views: 88983 Ian Johnson
Strategic Supply Chain Management—Sourcing and Procurement
 
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Explore how Epicor Sourcing and Procurement Management can help your Business Grow
Views: 2926 Epicor Software
3 Reasons to use Strategic Sourcing Planning
 
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Free Course in Strategic Sourcing Planning: click here: http://members.supplyleadersacademy.c... YOUR SUPPLY CHAIN MANAGEMENT TRAINING THAT RESULTS IN A CERTIFICATION FOR YOUR PROCUREMENT PROFESSIONALS. Comprehensive program focused on three areas: 1. Foundations of Supply Management 2. Effective Supply Management Performance 3. Leadership in Supply Management. The benefit of this program establishes a foundation of supply management professionals who are forward thinking with an understanding of the fundamental, tactical, and strategic components of procurement and possess the leadership skills required to implement strategic sourcing in your organization with trust and credibility. A cadre of CPSM®qualified professionals perform and make decisions based on a clear understanding of the organization’s supply operation and enable managers to take a proactive role in strategic planning and cost savings initiatives. A comprehensive certification program that includes online training, in-person seminars, leadership development, For a free guide to careers in supply management visit... https://cpsmtraining.com
Views: 958 cpsmtraining
MRO Procurement: SDI's Strategic Sourcing & Supplier Relations
 
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Indirect procurement is just one part of a more connected MRO integrated supply chain. As part of our MRO Solution our strategic sourcing team is a focused on leveraging our enterprise-wide spend to maximize value for our clients. Learn more: http://www.sdi.com/services/integrated-supply-management-strategic-sourcing-supplier-relations
Views: 1300 SDI
Supply Chain Management for Purchasing - Build a Strategic Sourcing Plan
 
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http://cpsmtraining.com/ - Learn the 7 parts of a strategic sourcing plan that proves you're ready to move into the board room to make your supply chain a profitable capability for your company. You’ll learn how to build a complete strategic sourcing plan for a real requirement that will improve your company.
Views: 200 cpsmtraining
Sourcing & Procurement - Jakob Bruun, Implement Consulting Group
 
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Improve your make-or-buy strategy to release profit potential. Establish the right balance between what you do in-house and what you choose to outsource. Putting together an effective make-or-buy strategy will generate more profit for your company. However, it is not only a matter of reducing cost. For your make-or-buy strategy to be effective, you need to consider aspects such as: •Quality vs. price •Control vs. risk •Short-term vs. long-term effects
On-Demand Webinar: 12 steps to strategic sourcing part 1
 
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"Businesses are competing on the competitive advantage they can create with their supply chain and their strategic sourcing process. This 3 part series will provide insights into steps procurement teams need to consider before embarking on a strategic sourcing initiative. In this video we will cover the first 4 steps to help formulate a sourcing strategy. They are 1. Analyze Spend & Gain Visibility 2. Analyze opportunities 3. Analyze Market 4. Manage Categories"
Views: 19358 Zycus Inc.
The Sourcing Strategy & the Caterers - Understanding Your Organisation
 
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A short procurement parable about the benefits of understanding your organisation
Strategic Procurement - Improvement Opportunities
 
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http://www.logisticsbureau.com Find out about where the real opportunities lie in your Strategic Procurement approach. http://www.logisticsbureau.com/procurement_services.htm http://www.supplychainsecretsbooks.com/series/ http://supplychainschool.com/
Views: 7678 Rob O'Byrne
Webinar on Strategic Sourcing
 
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Over the last decade, the Procurement Function has become more “Supply Management”. The buying activity has become “Sourcing”. The term Sourcing used to be considered as identifying and qualifying potential suppliers of a company’s purchased goods and services. By adding “Strategic” to its description, its meaning was extended to identify, qualify, specify, negotiate and select suppliers for categories of similar spend. The focus of this webinar is to learn about this value added process.
Views: 2533 ISM-INDIA
Module 1 - An Introduction to the Principles of Category Management & Strategic Sourcing
 
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An Introduction to the Principles of Category Management & Strategic Sourcing This is the first module video in the IIAPS Masterclass series, which explains the 'Principles of Category Management and Strategic Sourcing'. The structure of this 24 Module Masterclass is: - Introduction (1 Module) - Part A: The Strategic and/or Tactical Role of the PSCM Function (6 Modules) - Part B: How to Understand and Benchmark World-Class and Best-in-Class Approaches to Category Management and Strategic Sourcing (2 Modules) - Part C: The Key Activities and Tasks in a World-Class Category Management and Strategic Sourcing Process (1 Module) - Part D: The Principles of Buyer and Supplier Exchange Pre- and Post-Contractually (14 Modules) Each of the 24 Module Videos will also be supported by a short blog on the IIAPS Blog (http://www.iiaps.org/media-blog.html). The blog for this module 'What Procurement & Supply Chain Professionals Need to Know' can be accessed here http://www.iiaps.org/blog/?p=309 ► Please subscribe to the IIAPS Media Channel - https://www.youtube.com/c/IiapsOrgMedia ► IIAPS Website - http://www.iiaps.org ► IIAPS Twitter - https://twitter.com/IIAPSpurchasing
Views: 5508 IIAPS Media
What is strategic sourcing?
 
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Strategic sourcing is an institutional procurement process that consistently improves and evaluate again the purchasing activities of a company.
Views: 1377 EPT International
Putting Strategy into Action: A Procurement Roadmap for 2016
 
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As a procurement professional, defining strategies and turning them into action plans comes with the territory. But all too often, translating procurement strategy into actionable plans can get lost in translation. In this on-demand webinar our guest speakers, Sigi Osagie and Peter Smith, discuss Putting Strategy into Action: A Roadmap for Procurement in 2016. They address the critical success factors to help you deliver successful results in these 5 critical areas of procurement leadership: Spend Analysis – where is your money going? Challenging long standing contracts Identifying staff and technology needs Implementing appropriate Category Sourcing Strategies Managing suppliers for value
Views: 3962 BravoSolution
From strategic sourcing to  procurement performance
 
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Strategic Sourcing now encompasses more than seven-step sourcing processes. Leading procurement organizations are taking a deep look at their category management strategies, use of advanced analytics, procurement performance, and return on supply management investments.
Views: 1017 ATKPAS
Top Trends in Strategic Procurement
 
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The year gone by has earned its place in history, without a doubt. From US Presidential Elections to Brexit to the Middle Eastern crisis, everything disrupted the supply chain in its own way. Companies are renewing their focus on their supply chain operations and investing in building a unit equipped to handle the supply management challenges of tomorrow. Here’s what we believe is going to happen in 2017. Some of it is already unfolding as we speak. Find out more @ https://www.questmasterclass.com/works/strategic-procurement-sourcing-excellence-2017/
Views: 1463 QuestMasterClass
Sourcing processes: Supplier selection - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 15694 procurementacademy
Strategic Sourcing & Procurement Cost Optimization
 
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Strategic Sourcing is Insight Sourcing Group’s core competency. We blend our process expertise with deep category experience to drive extraordinary results with payback periods often measured in months. What makes us unique is our ability to apply our process to virtually any significant expenditure area. We tackle a client's most complex or constrained categories and help with delicate incumbent renegotiations or complex make or buy analyses. And for common indirect spend areas such as freight, temporary labor, telecommunications, and other areas, we bring extensive benchmarks, custom built analytics tools, and other expertise based on sourcing these universal categories as many as 10 – 30 times per year for clients of all sizes. Related Resources: [GUIDE] Strategic Sourcing vs. Traditional Purchasing https://bit.ly/2ujh0q1 Strategic Sourcing services from Insight Sourcing Group: https://bit.ly/2J8Cpb8
Strategic sourcing best practices
 
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Strategic sourcing is still fundamental to any procurement organizations' success and for delivering long-term value to the business. It also frees up time and resources for procurement teams to work on other transformation and innovative initiatives. We work with our clients to help them develop sound strategic sourcing processes and, more importantly, move onto other transformative strategies that make the procurement organization a "star" in the company.
Views: 6654 ATKPAS
What is procurement strategy?
 
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A simple explanation of the term "procurement strategy", its importance and how it is devised. Also, the difference between procurement route and procurement strategy is explained.
Views: 801 Dr Samer Skaik
How to craft a procurement strategy | Carlos Mena
 
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Setting a clear strategy is critical to effective procurement. In this video, Carlos Mena explains how to craft a procurement strategy in 5 steps. Find out more about the book at https://www.koganpage.com/product/leading-procurement-strategy-9780749470333 Subscribe to our channel: https://www.youtube.com/subscription_center?add_user=KoganPageBooks Follow us: Twitter | https://twitter.com/Koganpage Facebook | https://www.facebook.com/KoganPage Instagram | https://www.instagram.com/koganpage/ Pinterest | https://www.pinterest.co.uk/koganpagebooks/ LinkedIn | https://www.linkedin.com/company/kogan-page_2/?trk=company_logo Google+ | https://plus.google.com/+Koganpage1967 Website | https://www.koganpage.com/
Views: 3494 Kogan Page
What is GLOBAL SOURCING? What does GLOBAL SOURCING mean? GLOBAL SOURCING meaning & explanation
 
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What is GLOBAL SOURCING? What does GLOBAL SOURCING mean? GLOBAL SOURCING meaning - GLOBAL SOURCING definition - GLOBAL SOURCING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material and other economic factors like tax breaks and low trade tariffs. A large number of Information Technology projects and Services, including IS Applications and Mobile Apps and database services are outsourced globally to countries like Pakistan and India for more economical pricing. Common examples of globally sourced products or services include: labor-intensive manufactured products produced using low-cost Chinese labor, call centers staffed with low-cost English speaking workers in the Philippines and Pakistan and India, and IT work performed by low-cost programmers in India and Pakistan and Eastern Europe. While these examples are examples of Low-cost country sourcing, global sourcing is not limited to low-cost countries. Majority of companies today strive to harness the potential of global sourcing in reducing cost. Hence it is commonly found that global sourcing initiatives and programs form an integral part of the strategic sourcing plan and procurement strategy of many multinational companies. Global sourcing is often associated with a centralized procurement strategy for a multinational, wherein a central buying organization seeks economies of scale through corporate-wide standardization and benchmarking. A definition focused on this aspect of global sourcing is: "proactively integrating and coordinating common items and materials, processes, designs, technologies, and suppliers across worldwide purchasing, engineering, and operating locations (p. 304)" The global sourcing of goods and services has advantages and disadvantages that can go beyond low cost. Some advantages of global sourcing, beyond low cost, include: learning how to do business in a potential market, tapping into skills or resources unavailable domestically, developing alternate supplier/vendor sources to stimulate competition, and increasing total supply capacity. Some key disadvantages of global sourcing can include: hidden costs associated with different cultures and time zones, exposure to financial and political risks in countries with (often) emerging economies, increased risk of the loss of intellectual property, and increased monitoring costs relative to domestic supply. For manufactured goods, some key disadvantages include long lead times, the risk of port shutdowns interrupting supply, and the difficulty of monitoring product quality. (With regard to quality in the food industry, see Roth et al. (2008).). International procurement organizations (or IPOs) may be an element of the global sourcing strategy for a firm. These procurement organizations take primary responsibility for identifying and developing key suppliers across sourcing categories and help satisfy periodic sourcing requirements of the parent organization. Such setups help provide focus in country-based sourcing efforts. Particularly in the case of large and complex countries, such as China, where a range of sub-markets exist and suppliers span the entire value chain of a product/commodity, such IPOs provide essential on-the-ground information. Over time, these IPOs may grow up to be complete procurement organizations in their own right, with fully engaged category experts and quality assurance teams. It is therefore important for firms to clearly define an integration and scale-up plan for the IPO.
Views: 3115 The Audiopedia
Strategic Sourcing: Accelerating Telecom Vendor Performance and Business
 
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Participating Vendors: Teligistics | ICOMM Identifying viable telecom vendors that can meet organizational goals and objectives takes due diligence and the right approach. Price is one key factor in the decision-making process; however it should not be the sole evaluation criteria. Additionally, RFIs and RFPs may be crafted and sent out without fully addressing the needs of the organization. This webinar identifies the latest trends in telecom vendor sourcing and offers insight into the challenges facing procurement departments today and considerations into overcoming these obstacles. This webinar is valuable for: Sourcing and Procurement Professionals Accounts Payable/Invoice Processing Professionals Vendor Management Professionals Asset and Inventory Analysts Contract Management Professionals Those who complete SLA Compliance and Stewardship Reporting Those responsible for Strategy Security and Risk Management Professionals Network Design Professionals Business Analysts Technology and Business Transformation Leaders Telecom/IT Strategy Leaders Telecom/IT Leaders Telecom Management Practice Leaders Everyone involved in telecom management has an impact to sourcing
Views: 275 AOTMP
Webinar on Strategic Sourcing Phase 1: Category Strategy & Supply Market Analysis
 
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Overview: Following the introduction to Strategic Sourcing and Spend Analysis, we will look at creating category profiles and strategies. It is imperative to have a unique strategy per category as the various purchased commodities are vastly different – a one-size-fit-all approach will never work. For Supply Management teams to function effectively, in addition to spend categories, they also need to have a deep understanding of the supply market. In this webinar, you will learn the various elements of creating a dynamic category strategy. Next, we will look at selecting a sourcing strategy that is based on the category profile. A popular category supply base segmentation model will be explained and common supply market techniques What you will learn: 1. Creating Category Profiles 2. Key Elements of a Category Strategy 3. Kraljic’s Portfolio Purchasing Model 4. Supply Market Analysis techniques……and much more!
Views: 5387 ISM-INDIA
Sourcing processes: Market analysis - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 9408 procurementacademy
Negotiation course: difficult questions answered by buyers - Procurement training
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 13125 procurementacademy
Category Management    Definition - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 53505 procurementacademy
Procurement roles and duties
 
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What is procurement responsible for and what are roles within procurement - quick overview.
Views: 14159 Rafal Kabzinski
Cost management course: six cost calculation approaches - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 4911 procurementacademy
Strategic Procurement.avi
 
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http://www.iipmr.com/education International Institute for Procurement and Market Research (IIPMR) is a global leader in training and certification for Research and Supply Chain Management education. It is the developer of internationally recognized certification programs such as * Certified Research Analyst (CRA) * Certified Research Expert (CRE) * Certified Research Professional (CRP) * Certified Supply Chain Associate (CSCA) * Certified Supply Chain Specialist (CSCS) * Certified Procurement Professional (CPP) IIPMR certified members (CRA, CRE, CRP, CSCA, CSCS and CPP) are recognised worldwide as the sign of a qualified Research and Supply chain management professional and are achieved through examination and recognition of relevant prior learning. For more information visit: http://www.iipmr.com/education
Views: 1071 iipmr
IT Procurement  Key Issues and Negotiation Strategies
 
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Scott & Scott Webinar June 6, 2012 Understanding the important issues when negotiating a technology-related contract is critical, whether it is for IT services, software, hardware, or hosting. Too often, key provisions are overlooked during the rush to engagement, and the customer is left holding the bag when the services or software don't quite meet the needs of the organization.
Views: 4369 Scott & Scott LLP
Best Practices in Procurement
 
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What makes a supply chain organization best in class? The answer will vary for each company, but there are some practices that many leading companies are adopting now. In this webinar you will get an overview of these tools to take your performance to new levels of excellence, increasing your professional value as well as the value of your organization.
Views: 21218 ISM-INDIA
What is PROCUREMENT? What does PROCUREMENT mean? PROCUREMENT meaning, definition & explanation
 
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What is PROCUREMENT? What does PROCUREMENT mean? PROCUREMENT meaning - PROCUREMENT pronunciation - PROCUREMENT definition - PROCUREMENT explanation - How to pronounce PROCUREMENT? Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Procurement is the act of finding, acquiring, buying goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works the best possible price, when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If good data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis. An important distinction should be made between analyses without risk and those with risk. Where risk is involved, either in the costs or the benefits, the concept of best value should be employed. Procurement activities are often split into two distinct categories, direct and indirect spend. Direct spend refers to production-related procurement that encompasses all items that are part of finished products, such as raw material, components and parts. The first category being direct, production-related procurement and the second being indirect, non-production-related procurement. Direct procurement, which is the focus in supply chain management, directly affects the production process of manufacturing firms. In contrast, indirect procurement activities concern “operating resources” that a company purchases to enable its operations. Indirect procurement comprises a wide variety of goods and services, from standardized items like office supplies and machine lubricants to complex and costly products and services;, like heavy equipment, consulting services, and outsourcing services. Procurement is one component of the broader concept of sourcing and acquisition. Typically procurement is viewed as more tactical in nature (the process of physically buying a product or service) and sourcing and acquisition are viewed as more strategic and encompassing. The Institute of Supply Management defines strategic sourcing as the process of identifying sources that could provide needed products or services for the acquiring organization. The term procurement used to reflect the entire purchasing process or cycle, and not just the tactical components. ISM defines procurement as an organizational function that includes specifications development, value analysis, supplier market research, negotiation, buying activities, contract administration, inventory control, traffic, receiving and stores. Purchasing refers to the major function of an organization that is responsible for acquisition of required materials, services and equipment. The United States Defense Acquisition University (DAU) defines procurement as the act of buying goods and services for the government. DAU defines acquisition as the conceptualization, initiation, design, development, test, contracting, production, deployment, Logistics Support (LS), modification, and disposal of weapons and other systems, supplies, or services (including construction) to satisfy Department of Defense needs, intended for use in or in support of military missions. Acquisition and sourcing are therefore much wider concepts than procurement. Multiple sourcing business models exist, and acquisition models exist.
Views: 56622 The Audiopedia
ABC or Pareto analysis - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 13175 procurementacademy
Outsourcing and Procurement
 
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Power point presentation based on Chapter 9 of Designing and Managing the Supply Chain by Simchi-Levi et al.
Views: 6849 Dr. Harvi Millar
Category Management   The Category Manager - Procurement training - Purchasing skills
 
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http://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. More info? [email protected]
Views: 14507 procurementacademy
Whats is Procurement | procurement management | procurement process in Hindi & Urdu
 
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What is Procurement Management? Procurement management is the systematic approach used for buying all the goods and services needed for a company to stay sustainable. Manage your procurement well, and it will add value to all your business practices and save you both time and money. • Procurement obtains quality goods and services • Save you both time and money Suppliers | Contractors Objectives • Cost • Quality • Delivery Steps or Process 1. Identification of need 2. Finding and qualifying the suppliers 3. Requesting proposals 4. Negotiating with suppliers 5. Contracting 6. Delivery 7. Analyzing results Related Searches: 1. procurement process 2. procurement process in urdu 3. procurement process in urdu 4. procurement management 5. procurement interview questions 6. procurement and supply chain management 7. procurement training 8. procurement in urdu 9. procurement cycle 10. what is procurement management 11. what is procurement process 12. procurement in business 13. procurement department 14. procurement meaning in urdu Whats is Procurement | procurement management | procurement process in Hindi & Urdu Dear Students! Here you will get all possible help and personal assistance and you can ask your doubts & queries through comments or you can join our Facebook Page. For help must follow these below steps: 1- Subscribe us and press the Ring Bell icon for notification of next video. 2- Comments & Share 3- Like Facebook page http://ally.sh/tef5Y For more lectures please visit my channel or click one below links: What is Compensation | Concept of Compensation | Meaning of Compensation Hindi & Urdu : https://www.youtube.com/watch?v=qr8qWh6iTXs&t=255s Study of Comparative Public Administration | Hindi & Urdu https://www.youtube.com/watch?v=ygM3CeCwlX0&t=9s Basic concept of Human Resources Management for new student in Urdu & Hindi https://www.youtube.com/watch?v=OFa9iCF2lbM&t=155s What is public policy : https://www.youtube.com/watch?v=rF41G4763i4 What is Convention & law https://www.youtube.com/watch?v=7LWHegrDCls&t=34s What is equity theory: https://www.youtube.com/watch?v=3WRzgv4ZaOM&t=120s For more videos regarding education please visit my channel https://www.youtube.com/channel/UCNEH1j2GgsSfu_LoT-zNtOw/videos?view_as=subscriber My Facebook : https://www.facebook.com/Syed-Ismaeel-Tanvir-534121266772850/
Views: 16439 Romesa Tanveer
Purchasing and Procurement: What's the difference? How do they contribute to the supply chain?
 
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To download slides: http://www.slideshare.net/IIRME/webinar-purchasing-and-procurement-whats-the-difference To download materials: http://assets.informa-mea.com/Sites/iirme.com/Webinars/Purchasing%20and%20Procurement%20Whats%20the%20difference/Purchasing%20and%20Procurement%20Whats%20the%20difference%20Questions%20Answered.pdf For other Informa Webinars: http://www.informa-mea.com/webinars In the business world, the practice of using similar terminology seems to work, although it can sometimes be a little confusing. Many people use the terms purchasing and procurement interchangeably, but despite their apparent similarities they do have different meanings. This webinar aims to clarify any confusion between these two related, yet different, business cousins and put them into the supply chain context. The webinar will also help you look at the supply chain as a strategic management function that exists to add to the competitive advantage of your business. The Speaker Ian Moody has over 30 years of business experience ranging from senior management positions, in such companies as Ericsson to founding and selling his own companies. Ian designs and delivers training programmes globally with particular attention to the GCC nations. He works in many fields including both accredited and non-accredited courses. Ian divides his time equally between the Middle East and the UK. In the UK Ian is a lead professor at London Met University and the University of West London specialising in working with students to gain their membership to the Chartered Institute of Procurement and Supply. Check out Ian Moody's Training Courses & Webinars: Training Courses: Chartered Institute of Procurement and Supply (CIPS) – Diploma In Procurement And Supply Exam Preparation Unit 1 - Contexts Of Procurement And Supply Unit 2 - Business Needs In Procurement And Supply Unit 3 - Sourcing In Procurement And Supply Unit 4 - Negotiating And Contracting In Procurement And Supply Unit 5 - Managing Contracts And Relationships In Procurement And Supply For more information, please visit: http://www.informa-mea.com/Training/CIPSdiploma Certificate In Risk Management In The Supply Chain For more information, please visit: http://www.informa-mea.com/Training/procurementrisk Certificate In Financial Tools In Procurement For more information, please visit: http://www.informa-mea.com/Training/procurementfinance FREE Webinars: Specification – A Guide To Writing Good Specifications Recording: https://youtu.be/SavIHSDaIqM Slide: http://www.slideshare.net/IIRME/webinar-specification-a-guide-to-writing-good-specifications Purchasing and Procurement: What's the difference? How do they contribute to the supply chain? Recording: https://youtu.be/WAtDKK_uMgk Slide: http://www.slideshare.net/IIRME/webinar-purchasing-and-procurement-whats-the-difference Materials: http://assets.informa-mea.com/Sites/iirme.com/Webinars/Purchasing%20and%20Procurement%20Whats%20the%20difference/Purchasing%20and%20Procurement%20Whats%20the%20difference%20Questions%20Answered.pdf Why Sustainable Supply Chains Make Business Sense Recording: https://youtu.be/xLz_o99dyuc Slides: http://www.slideshare.net/IIRME/wb017-why-sustainable-supply-chains-make-business-sense-slides
Views: 72175 Informa Middle East

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