Global Sourcing The Reorientation In Purchasing

Seminar paper from the year 2002 in the subject Business economics - Supply, Production, Logistics, grade: 1,2 (A+), Heidenheim University of Cooperative Education (Economics and International Trade), course: International Management, language: English, abstract: One of the most important economic prerequisites for operating on the market is the efficient procurement of quality goods and services. International orientation is hereby becoming increasingly influential. Due to globalisation the world is to be seen as one single market. The impact of this perspective does not only refer to global sales but to global procurement as well. In terms of an international perspective the term ′Global Sourcing′ has evolved describing the challenging opportunity of supplementing traditional procurement by international complex activities. Worldwide suppliers, worldwide options and the access to global knowledge increase the need for detailed evaluation. Global sourcing hereby aims at ensuring a competitive advantage in terms of procurement politics. Those politics equally contain chances and risks. A variety of suppliers also means a variety of quality standards. International sources require international logistics. Therefore global sourcing is beyond simple international purchasing and rather a general strategic orientation towards international supply markets. Consequently, the focus of this term paper is to determine the strategic orientation of procurement politics towards Global Sourcing on the basis of international supply chain management.

Seminar paper from the year 2004 in the subject Business economics - Supply, Production, Logistics, grade: 1,3, Heidenheim University of Cooperative Education, course: International Management, language: English, abstract: "Es ist nicht genug zu wissen, man muß es auch anwenden; Es ist nicht genug zu wollen, man muß es auch tun." Goethe Globalisation of markets progresses rapidly and leads to more competition. In times of Supply Chain Management, Cost Saving Measures and Outsourcing companies have to reorient their business planning. New concepts are necessary to reach a cost efficient production. In this context, globalisation must not only be considered as global selling of own products. With the same effort global logistics and procurement have to be taken into account to gain global success. Global Sourcing is already known as conscious orientation of a purchasing strategy. However, its implementation hasn't gone far yet. Increasing economical interweaving and better technological possibilities make Global Sourcing, even for middle-class companies more relevant than never before. Global Sourcing is more than just buying goods and services in foreign countries. In bounds of company philosophy, efficient strategies have to be developed to ensure international competitiveness. Extending of purchasing options, access to world-wide know-how or even increasing sales of own products are just some features of this concept. Before integrating the Global Sourcing Concept in other company strategies a closer look is necessary. The focus of this term paper remains in showing Global Sourcing as a part of the reorientation of purchasing, determining its features and risks as well as indicating the strategy of Global Sourcing. For not going beyond the scope of this work, I will refrain from exact determination of every single sourcing strategy (Sourcing Toolbox). Even it's not its task to set exact guidelines, concerning the integration into company's strategies. Addition

Seminar paper from the year 2004 in the subject Business economics - Supply, Production, Logistics, grade: 1,3, Heidenheim University of Cooperative Education, course: International Management, language: English, abstract: „Es ist nicht genug zu wissen, man muß es auch anwenden; Es ist nicht genug zu wollen, man muß es auch tun.“ Goethe Globalisation of markets progresses rapidly and leads to more competition. In times of Supply Chain Management, Cost Saving Measures and Outsourcing companies have to reorient their business planning. New concepts are necessary to reach a cost efficient production. In this context, globalisation must not only be considered as global selling of own products. With the same effort global logistics and procurement have to be taken into account to gain global success. Global Sourcing is already known as conscious orientation of a purchasing strategy. However, its implementation hasn’t gone far yet. Increasing economical interweaving and better technological possibilities make Global Sourcing, even for middle-class companies more relevant than never before. Global Sourcing is more than just buying goods and services in foreign countries. In bounds of company philosophy, efficient strategies have to be developed to ensure international competitiveness. Extending of purchasing options, access to world-wide know-how or even increasing sales of own products are just some features of this concept. Before integrating the Global Sourcing Concept in other company strategies a closer look is necessary. The focus of this term paper remains in showing Global Sourcing as a part of the reorientation of purchasing, determining its features and risks as well as indicating the strategy of Global Sourcing. For not going beyond the scope of this work, I will refrain from exact determination of every single sourcing strategy (Sourcing Toolbox). Even it’s not its task to set exact guidelines, concerning the integration into company’s strategies. Additionally this term paper mostly refers to the industrial view and just in part to the retailing sector.

The latest best practice guidance on all aspects of global strategic sourcing-including environmental and international issues Strategic Global Sourcing Best Practices covers the latest trends and leading edge processes in global strategic sourcing, including supply management, t, sustainability, financial decisions, risk management, and international strategies. Offers the latest trends and guidance for sourcing and supply managers Features coverage of understanding sourcing, procurement and supply management, procurement and best business practices, best practices in sourcing management and global sourcing management, financial strategies for sourcing, responsible procurement,diversity procurement, managing risk, supplier selection, project management for procurement and supply managers, managing supplier relationships, international sourcing, managing supplier relationships supply management operations, With the rise of global supply chains, environmental/sustainability concerns, and constantly evolving technology, the time is right for understanding Strategic Global Sourcing Best Practices.

This selection discusses global sourcing and explores strategies for locating, qualifying, and employing suppliers that add maximum value to your business. Discover profit-boosting opportunities specific to your market environment by following Sollish's clear steps for analyzing and implementing a strategic sourcing plan. Other topics covered include investigating sourcing opportunities, co-sourcing and strategic alliances, and reducing supply risk.

Gerhard Trautmann explains the relationship between global sourcing strategy and organization design.

On the basis of a pan-European survey conducted among senior purchasing managers of 200 large-sized multinationals, Martin Lockström identifies internal key success factors of companies sourcing in low-cost countries.