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Sourcing Strategy and Supplier Selection
Includes country analysis, supplier selection decisions, sourcing decision, contracts, partnerships, and alliances.
Latest page update: made by EricJohnson
, May 29 2007, 10:16 AM EDT
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Edited by EricJohnson
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Edited by EricJohnson
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(Showing the last 5 of 8 - view all)
| Started By | Thread Subject | Replies | Last Post | |
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| aalp | mass customization :: how to source customized products? | 0 | May 10 2007, 3:25 PM EDT by aalp | |
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Thread started: May 10 2007, 3:25 PM EDT
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Sourcing strategies heavily depend on the expectations of the end-consumer. As they demand higher levels of product variety and short lead times, sourcing from geographically distant places can be a strategic suicide. Recognizing this, there is a discussion in some industry circles that, if and when mass customization (MC) gains ground, outsourcing will be less attractive. So, MC is perceived as a strategy to keep domestic manufacturing bases alive. European shoe industry and the US furniture industry are examples. I would be curious to hear from industry folks whether and to what extent this applies to their business. Cheers, Aydin
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| GlenSchmidt | Brown Team (2) Course content | 0 | May 8 2007, 2:06 PM EDT by GlenSchmidt | |
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Thread started: May 8 2007, 2:06 PM EDT
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Re-learn the “old” practices, then think about how to apply them in “new” settings. Discuss in context of different cultures (consider diversity). Looking for team players, leadership potential, presentation skills. Analytical skills are important! Understanding of culture.
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| GlenSchmidt | Brown team (2): Managing risk | 0 | May 8 2007, 2:06 PM EDT by GlenSchmidt | |
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Thread started: May 8 2007, 2:06 PM EDT
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Second question related to sourcing strategy and supplier selection. How to manage risk (quality, delivery, etc.) when outsourcing. Thoughts: Garments not sensitive to lead time logistics and lead time, so you can shop all over the world for sourcing (lower risk). High-tech is sensitive to lead time and quality and obsolescence, so need to focus on specific supplier(s).
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| GlenSchmidt | Brown group (2) question | 0 | May 8 2007, 2:04 PM EDT by GlenSchmidt | |
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Thread started: May 8 2007, 2:04 PM EDT
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First question related to sourcing strategy and supplier selection. Do you contract with a “Li and Fung” to provide a finished product, or manage all the various suppliers yourself as an integrator such as Boeing might do, or go with a fully integrated supplier such as Foxconn. Thoughts: Pay attention to characteristics of the product: Boeing has the integration skills and needs to maintain overall control, whereas if it’s a commodity you don’t have the expertise and you can always go elsewhere if you don’t do it.
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| JGray | Measuring the "hard-to-measure" | 0 | May 8 2007, 1:54 PM EDT by JGray | |
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Thread started: May 8 2007, 1:54 PM EDT
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It seems the key to making sourcing decisions is getting a full grasp on "total cost of ownership" of internal sourcing vs. external sourcing options. The best companies seem to measure per-unit costs, inventory costs (due to lead time, variability) to compare "qualifiied" options, then qualitatively assess the hard-to-measures (trust, IP risk, etc.). We believe a big opportunity exists to not only "point out" harder to measure items, but to try to understand and even "quantify" the effect under various conditions.
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(Showing the last 5 of 8 - view all)
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Angling to be the next Bangalore.txt (Text File - 8k)
posted by erosen2 May 3 2007, 12:24 PM EDT
Many organizations are turning to emerging markets as a source of supply for not only manufactured goods, but for services work as well. See the attached Business Week article for a brief overview.
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