File Name: global sourcing strategy and sustainable competitive advantage .zip
A growing number of companies are purchasing materials and services from a worldwide arena to obtain the right product at the right price at the right time.
- Global Outsourcing Strategy
- Strategic Management for Competitive Advantage
- A Guide to Global Sourcing
The ability to satisfy customer demands while responding to relentless competitive pressure requires creative and often complex approaches to managing a firm's supply chain. Perhaps more than any other area, executive managers increasingly believe that a concept called globalization offers the best opportunity to achieve major performance gains. One area where many companies can begin to capture the benefits of globalization is global sourcing, which involves the worldwide integration of engineering, operations, and procurement centers within the upstream portion of a firm's supply chain. Unfortunately, capturing the benefits potentially offered by globalization is often limited by a lack of understanding concerning how to pursue this important topic.
Global Outsourcing Strategy
During most of this decade, Japan has been mired in its longest post-war recession. Some pundits predict that this will be the end of the Japanese corporate juggernaut. Indeed, our interest in Japan and Japanese competition has waned concomitantly in recent years. So has our learning from the Japanese. This is dangerously short-sighted.
For the better part of a decade, strategy has been a business buzzword. Top executives ponder strategic objectives and missions. Mere planning has lost its glamor; the planners have all turned into […]. Mere planning has lost its glamor; the planners have all turned into strategists. All this may have blurred the concept of strategy, but it has also helped to shift the attention of managers from the technicalities of the planning process to substantive issues affecting the long-term well-being of their enterprises. Instead of behaving like large unwieldy bureaucracies, they have been nimbly leap-frogging smaller competitors with technical or market innovations, in true entrepreneurial style. They have been executing what appear to be well thought-out business strategies coherently, consistently, and often with surprising speed.
Global product sourcing refers to a procurement strategy through which an enterprise works to identify the most cost-effective location for product manufacturing, even if that location may be in a foreign country. For instance, a cement manufacturing company may find that the costs of raw materials and manufacturing are lower in some foreign country because manpower is cheaper there. The company would therefore opt to shut down its domestic operations and set up a plant in that foreign country. The general sourcing process can be divided into the following 5 stages, explained below. At this stage, the enterprise identifies the core and non-core operational activities, analyzes customer and market requirements and identifies competitors. The strategic sourcing scope is also outlined through a business plan developed by the executive and the sourcing specialist, and the preliminary work strategy and baseline for measuring performance is established and documented as a procurement process plan. At this stage, the enterprise develops a detailed list of supplier selection benchmarks, which is used to select the most appropriate suppliers that fit the requirements.
Strategic Management for Competitive Advantage
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. Malicki Published Strategic competitive advantage is about being better than your competitors in terms of the things or services that your customers or markets want from their specific global market. We believe that all markets are global. Hence, all business operations must consider both the global markets for sources of supply as well as an expanding customer base.
A Guide to Global Sourcing
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators. We advice each institution to have their own credentials evaluator make the final decision regrading course levels. Course Objectives On completion of this unit you should be able to: 1. Identify and apply appropriate strategies, techniques, and tools to enable efficient and effective global sourcing and supply chain management 2. Explore dynamic network effects in global sourcing and supply chain management 3.
Despite the well-acknowledged benefits of global sourcing e. We argue that this issue is primarily explained by the misalignment between a firm's global sourcing strategy and value expected from its global sourcing activities. This study examines the role of global sourcing strategy on financial and innovation performance of global sourcing activities. Using a fuzzy set qualitative comparative analysis on firms engaging in global sourcing of business service activities, we identify configurations of global sourcing strategy—concerning 1 disaggregation, 2 dispersion of activities and 3 governance structure—that lead to high financial and innovation performance.
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