File Name: global sourcing strategy and sustainable competitive advantage .zip
- Understanding integrated global sourcing
- Strategic Management for Competitive Advantage
- A Guide to Global Sourcing
For the better part of a decade, strategy has been a business buzzword.
Understanding integrated global sourcing
In an increasingly competitive and technological environment, investing in supplier relationships and management has become more important than ever. Strategic sourcing is a vital component, with real-world impact on all facets of a business, from supply chain to final product and service delivery. Strategic sourcing is a collaborative process that allows an organization to align purchasing power with its overall value proposition. It improves efficiency and quality through building a robust, diverse supply base. There are important reasons why strategic sourcing is a smart move for organizational success. Reducing cost comes with immediate returns, freeing up resources for expanding business. The US government is a great case study.
Strategic Management for Competitive Advantage
Sustainable competitive advantages are required for a company to thrive in todays global environment. Value investors search for companies that are bargains. In order to avoid purchasing a value trap one of the factors we search for is sustainable competitive advantages. Without one or more sustainable competitive advantages a company may not be able to recover from whatever caused the stock to become a bargain. We only want to buy the stocks of companies that are real value investments, not value traps. In other words, we want to buy stocks trading below their intrinsic value and will grow cash flow for shareholders.
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. Develop collaborative skills that are a fundamental element of global sourcing and supply chain management. Course Contents Global outsourcing and supply chain management has been identified by the business community as a key discipline which can generate significant cost savings, improve customer value and be used effectively to gain a sustainable competitive advantage.
A Guide to Global Sourcing
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 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. Trent, R.
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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. Here's how to capture the benefits of global sourcing while minimizing costs and risks. Fagan, M. Report bugs here. Please share your general feedback.