Id like to stay informed with the latest content, industry trends, news, and events. An item which is sold for 100 usd retail price and cost of goods sold of 20 usd usually contains labor. Achieving world class purchasing through solving the centralized vs. Pdf ups supply chain solutions sm strategic sourcing. Thats strategic sourcing in a nutshell making sure youre getting superior value on supplies and services and also making sure youve. Organizations that perform strategic sourcing are adapting and maturing as well. Strategic sourcing relies on a holistic view of the business along with processes that promote longterm thinking. Total cost of ownership and total risk profiling the global marketplace is only becoming more complex, competitive and unpredictable. From sourcing cost focus to true value creation while shifting volumes to even lower cost countries might appear as a possible way out of the gross margin trap the true effects are limited. In this paper, gep alerts you to the five key reasons why many enterprise srm initiatives fizzle out or fade into ignominy. Source ones suite of whitepapers leverage strategies and best practices to assist in the. Organizing for sourcing excellence insights for impact on.
Three pillars of sound decision making, sourcing reloaded. The worlds top companies are turning to the procurement and strategic sourcing functions to deliver more than cost savings. Fleets should centralize the sourcing function under one management team and single sites should develop a strategic sourcing team. Strategic sourcing a guide for creating an effective and sustainable legal supplier diversity program to improve diversity and inclusion in majority owned law firms, many general counsel are. Embedding sustainability in the sourcing and procurement process contents introduction 1. Strategic sourcing processesand the tools that support and enable themare rapidly evolving. Strategic sourcing, category management,and supplier relationship management are all part of todays procurement kit bag.
In this white paper, source one provides procurement organizations. Active and proactive sourcing with linkedin whitepaper. Pricing and ordering information is posted on gaos website. Achieving world class purchasing through solving the. Pa consulting group, strategic sourcing survey 1998, melbourne. Coupa whitepaper understanding the sourcing organization maturity model 2 introduction the goal of every sourcing organization is to optimize the way the company purchases goods and services. Key elements for realising cost savings in procurement spend analysis creates an understanding of the organisations spend structure and. Traditionally, the next step in the strategic sourcing initiative is to conduct a market assessment.
Strategic hotel sourcing hrs global hotel solutions. Third party content, products, and services disclaimer this software or hardware and documentation may provide access to or information on content, products. Value of benchmarking in telecom sourcing defining the meaning of success in contract negotiations sourcing is a deceptively simple term to describe the set of outsourced tem services. It is also a logical first step to more holistic strategic meetings management. White paper why procurement needs a digital strategy. Request pdf strategic sourcing business models purpose the purpose of this paper is to describe how seven sourcing models operate along a continuum.
Strategic sourcing throughout the product lifecycle white paper. Understanding the sourcing organization maturity model. Improve sourcing and contract management for better. Strategic sourcing whitepapers and articles source one, a. For purposes of this paper, strategic sourcing will be defined as the. Copyright 2005 united parcel service of america, inc. Strategic sourcing overview manufacturing services. In todays competitive business environment, procurement departments are being. Developing and implementing a strategic sourcing strategy. This paper surveys the current stateofthe art of the. Strategic sourcing whitepapers and articles source one.
Strategic sourcing and category lifecycle management. These result in savings leakage and maverick spend. Top content on sourcing and white paper as selected by the recruiting brief community. From our experience, procurement organizations that have definitive strategies with action plans and measureable goalshave much higher success rates than.
Proactive sourcing activities include identifying the. Id like to stay informed with the latest content, industry trends, news, and events from zycus. A meetings management white paper presented by smm strategic sourcing. White paper the value of benchmarking in telecom sourcing. To be world class, procurement needs to be seen and positioned as a more valued partner in the organisation, with a strategic role at the top table. Although it focuses on the issues from case company x, the theory can be for used. Perry r, quirk k, an evaluation of build versus buy for portal. Strategic sourcing has emerged as a critical concept for corporations looking to control meetings spend. Embedding sustainability in the sourcing and procurement. The intent of this white paper is to describe solutions that can result in a costeffective path towards spend visibility and strategic sourcing that will yield significant savings and an immediate roi.
This white paper documents the benefits of managing toner as a separate category. Building a foundation for success understanding the difference between sourcing and strategic sourcing and its impact a ups supply chain solutions. Spend analysis is the foundation for strategic sourcing and one of the most proven means to achieve cost savings and procurement efficiencies. Strategic sourcing strategy cips has formulated positions on strategic sourcing as this is a key activity for purchasing and supply management professionals. The intent of this white paper is to describe solutions that. Ensuring the strategic alignment of the business needs and the procurement strategy, design and execution maintaining strategic control of quality and effectiveness in procurement setting strategic. In this white paper, source one provides procurement organizations actionable tips on how to align with companywide goals and achieve bestinclass status to become one of the elite. Sap thought leadership paper strategic sourcing the strategic sourcing imperative using best practices and automated processes to achieve. Strategic sourcing and supplier selection play vital role in managing the supply chain due to their contributions to the success of the company. Ecm for strategic sourcing maximize operational excellence t his paper considers current challenges and trends in strategic sourcing. Chairperson ism services group new york, ny abstract.
This paper is ed 2007, and may not be redistributed or published without the authors. Organizing for sourcing excellence insights for impact on profitability and revenue. Traditionally, sourcing was considered to be the identification of new or potential suppliers. This is of course still a fundamental aspect of strategic sourcing but this practice. However, strategic sourcing can go well beyond cutting costs. This white paper discusses some common pitfalls of strategic sourcing initiatives in driving sustainable results, which only a robust compliance process can help overcome. It can have a profound impact on a companys financials and can strongly influence the purchasing and procurement processes.
Purpose the purpose of this paper is to describe how seven sourcing models operate along a continuum depending on the complexity of the marketplace and the strategic needs of buyers and suppliers. Understand the elements of sourcing success and get started now. In this white paper, we will guide you through what it. Advanced strategic sourcing white paper source one. This white paper examines how to leverage oracle s advanced procurement solutions to evaluate. Strategic sourcing understanding business units in peoplesoft strategic sourcing business units. This paper introduces the reader to key issues regarding strategic sourcing in the operations department of any company. This paper is ed 2007, and may not be redistributed or published without the authors permission.
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