Sourcing strategies and their implementation in the aerospace. Traditionally, sourcing was considered to be the identification of new or potential suppliers. We hit the ground running and deliver greater savings and value from day one. Strategic sourcing solutions and software sap ariba. Comprehensive bpo this is the most complex, strategic, long term, and demanding relationship you can have with a supplier. Aug 30, 2017 strategic sourcing ppt slide template 1. Pdf an optimization approach to strategic sourcing. Strategic sourcing decisions are, for example, makeor buy decisions and supplier selection. Strategic sourcing emerges as an important factor to support and integrate the suppliers into the supply.
Know what strategic sourcing is strategic sourcing is a proactive. Respond online, a pdf document of the event can be downloaded, printed, or. Strategic sourcing strategic sourcing overview carol conner, business process manager denny feldman, manager, strategic sourcing strategic sourcing what is strategic sourcing. Strategic sourcing classes march 29, 2019 june 28, 2019. Pdf the role of strategic sourcing on global supply chain. Sourcing, from a strategic point of view, can be define as a systematic process that. Leading organizations view the sourcing function as a key strategic contributor to success.
The strategic analysis report, marketplace realities in strategic sourcing, details gartners view of strategic sourcing, while this strategic analysis report provides practical suggestions on how to develop a sourcing strategy. View and download powerpoint presentations on strategic sourcing ppt. Identification and training of the nonacquisition workforce involved in services acquisitions is a primary focus of the services acquisition functional integrated product. Global sourcing strategy key points international product cycle theory trends in global sourcing strategy potential pitfalls in global sourcing the value chain a free powerpoint ppt presentation displayed as a flash slide show on id. Public procurement practice spend analysis with the implementation of regular spend analysis, procurement should aim to use the data to.
This is of course still a fundamental aspect of strategic sourcing. Instead of owning factories or designs the flexibility of original equipment manufacturing oem manufacturing is where most modern retailers are going to. The ppt process is a source selection tion, an inde. The strategy involves integration of its objectives in line with or confirming to the objectives of stake holders in operations, finance. Strategic purchasing and supply management it might also provide a presentation of a coming. The organizations processes are based on strategic sourcing principles, and the group uses many sourcing techniques with success. Strategic sourcing institute for supply management. Our capabilities are much broader than those of other strategic sourcing outsourcing providers. Strategic sourcing powerpoint template sketchbubble. What is strategic sourcing and why is it important.
This is new procurement process system in my company. All materials in this document may not be reproduced or utilized. Information is gathered and used to enable an organization to leverage its consolidated purchasing power to source the best possible values in the marketplace. A new omb initiative on improving acquisition through strategic sourcing was established through the omb memorandum m2 dated december 5, 2012. The need to shift to value driven strategic sourcing decision making is only yet defined at a theory level. Strategic sourcing is a procurement process that continuously improves and reevaluates the purchasing activities of an organization. Sourcing strategy is therefore an integral part of a firms business strategy. Ofpp strategic sourcing strategic sourcing ofpp a structured and collaborative process of analyzing an organizations spend and using the information to make business decisions about acquiring commodities and services more efficiently and effectively.
It can have a profound impact on a companys financials and can strongly influence the purchasing and procurement processes. For purposes of this paper, strategic sourcing will be defined as the. All supplier names, spend, pricing and contract information are strictly confidential. The overall goals of strategic sourcing is to achieve large and sustainable cost reductions, longterm supply stability and minimization of supply risk. Our global presence and proprietary mix of analytics and sourcing methods, talent and supporting infrastructure and sourcing strategy align with your business goals. This causes back and forth steps in the overall sourcing. Information on training related to category management and strategic sourcing is available on the lower right tile of the acquisition gateway landing page. Sourcing is the process of finding and subsequently managing a source for the input of production. Ofpp strategic sourcing strategic sourcing ofpp a structured and collaborative process of analyzing an organizations spend and using the information to make business decisions about acquiring. Ppt global sourcing strategy powerpoint presentation. This memorandum required the designation of strategic sourcing accountable official ssao, authorized to act on the agency heads behalf, to coordinate internal strategic sourcing. Members of the nonacquisition workforce who work on services acquisition are those personnel who fall outside the defense acquisition workforce improvement act dawia and. Strategic sourcing strategy cips has formulated positions on strategic sourcing as this is a key activity for purchasing and supply management professionals.
Strategic sourcing is what importers are using more and more. Strategy development periodic event identify potential strategies generate supplier portfolio select implementation path select suppliers traditionally focus of the sourcing team has been in strategic sourcing, but great value can be gained from working closely with key suppliers strategy development, sourcing. Strategic sourcing implements cross functional and geographic teams for unified decision making process with supply chain organization guidance and leadership. Create and embed optimum procurement strategies across the university in consultation with stakeholders. Having specifications and requirements ready discuss solicitation with your manager if it is complicated generating a solicitation number from the solicitation numbering system in sharepoint create sourcing.
Sourcing levers how do we best use the full range of sourcing tools, including eprocurement and eauctions, to generate maximum supplier. Having specifications and requirements ready discuss solicitation with your manager if it is complicated generating a solicitation number from the solicitation numbering system in sharepoint create sourcing project. Strategic sourcing the arms length buysell transaction, use your clout to beat up the supplier, is a highly outdated model. It supports a closedloop, digital, and sourcetocontract process for direct materials sourcing. This document details a 4phase framework to strategic sourcing, outlining time frames, activities, and outputs. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the. Prepare before creating your sourcing project and event in ariba by. Seven steps sourcing strategy ppt powerpoint presentation show slideshow, strategic sourcing process ppt powerpoint presentation infographic template example introduction, savings opportunity strategic. Strategic purchasing young procurement professionals. The essence of strategy is choosing what not to do.
Strategic sourcing is an institutional procurement process that continuously improves and reevaluates the purchasing activities of a company. Identification and training of the nonacquisition workforce involved in services acquisitions is a primary focus of the services acquisition functional integrated product team fipt. The overall goals of strategic sourcing is to achieve large and. Global sourcing strategy key points international product cycle theory trends in global sourcing strategy potential pitfalls in global sourcing the value chain a free powerpoint ppt presentation. If you are a company owner, entrepreneur, head of a department, sales lead, business analyst, or any other professional who is associated with the supply chain model, then you have come to the right place. Dec 06, 2008 this is new procurement process system in my company. Strategic sourcing enterprise administration download event documents. Cips has formulated positions on strategic sourcing as this is a key activity. Developing and implementing a strategic sourcing strategy. Remember bidders see only the pdf document which will show the formatting used in the text editor. Information is gathered and used to enable an organization to leverage its consolidated purchasing. This document details a 4phase framework to strategic sourcing. A comprehensive outsourcing deal means that you are engaging with a training partner for a multiyear period to strategically manage a comprehensive set of processes across all four functional process areas of your. Integrate sourcing, contracting, and supplier information and performance management with sap ariba strategic sourcing suite.
Strategic sourcing methodology pdf semantic scholar. Cips has formulated positions on strategic sourcing as this is a key activity for purchasing. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. This is where the strategic part of sourcing comes from. Pdf strategic sourcing, sourcing capability and firm. Purchasing is shifting its focus from daily procurement activities to long term, valueadding purchasing and supply. In a production environment, it is often considered one component of supply chain management. Kearneys seven steps for strategic sourcing by using the following process, procurement professionals can successfully source or renegotiate contracts.
Microsoft powerpoint smta presentation sourcing strategy 6 16 06. Major changes are currently taking place within purchasing functions of manufacturing firms. Sourcing strategies and their implementation in the. Cambria arial calibri wingdings times new roman georgia office theme strategic sourcing overview overview omb directives new economy. Find powerpoint presentations and slides using the power of, find free presentations research about strategic sourcing ppt. Sourcing strategy deals with planning, designing and building a reliable and competitive supplier base, determining the strategy for procurement, defining pricing strategies and supply chain requirements. The defense acquisition university offers courses on strategic sourcing including clc108 strategic sourcing overview and clc110spend analysis strategies. Setting up business units in peoplesoft strategic sourcing understanding business units in peoplesoft strategic sourcing. The approach adopted includes the following phases. How to be object of desire in the war for talent in. Download this fully editable strategic sourcing powerpoint.
Ppt global sourcing strategy powerpoint presentation free. Both the practitioner and the academic literature provide a multitude of examples and evidence for the strategic importance of the sourcing function. A selection of highquality charts and diagrams to communicate tasks and objectives, as well as the individual process steps of strategic. Strategic sourcing pdf doc ppt oracles peoplesoft strategic sourcing enables your organization to. Sourcing module training santa clara county, california. What it is what it is not focused on the total cost of ownership tco incorporating.
Pdf a global supply chain is a core element for an organizations competitiveness. Strategic sourcing techniques are also applied to nontraditional areas such as services or capital. A free powerpoint ppt presentation displayed as a flash slide show on id. Sourcing ppt free download as powerpoint presentation. New demands meeting the demands strategic sourcing program objectives program objectives program benefits slide 11 our successes lessons learned maximizing leverage future initiatives strategic sourcing. Strategic sourcing outsourcing services, procurement strategy. Know what strategic sourcing is strategic sourcing. These strategic sourcing supply chain organizations follow a strategy that focuses on price as a major component of cost and is aligned with corporate business goals wherever possible. Strategic sourcing the arms length buysell transaction, use your clout to beat up the supplier, is a highly. Strategic sourcing is the cornerstone of supply chain management.
Third party content, products, and services disclaimer this software or hardware and documentation may provide access to or information on content, products. However, strategic sourcing can go well beyond cutting costs. Drive faster roi with your sourcing solutions by tapping our teams. Sourcing is a core activity in the procurement function that can create value for the customers, spur innovation and identify new products and market possibilities for modern organizations. This is of course still a fundamental aspect of strategic sourcing but this practice. Sourcing strategies and their implementation in the aerospace industry. Our client, a multibilliondollar investment holding company had acquired several large australian retailers with a network of more than 300 stores. It also includes a framework to assess an enterprises sourcing strategies and sourcing strategy. Strategic sourcing is organized since some type of methodology or process is needed.
Ppt strategic sourcing powerpoint presentation free to. Strategic sourcing, sourcing capability and firm performance in the us textile and apparel industry article pdf available in strategic outsourcing an international journal 52 june 2012 with. As our profession has evolved from the purchasing agent to supply chain mentality, strategic sourcing culminates the transformation as a collaborative process. Pdf the role of strategic sourcing on global supply. Strategic sourcing solutions optimize supply chain i ivalua. Strategic sourcing also known as sourcing strategy or procurement strategy allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. A model of interrelated decisions article pdf available in supply chain forum 71 january 2006 with 18,501 reads how we measure reads. Ofpp strategic sourcing strategic sourcing ofpp a structured and collaborative process of analyzing an organizations spend and using the information to make business decisions about acquiring commodities and services more efficiently and effectively 4. Pdf strategic sourcing find, read and cite all the research you need on researchgate. Following the process results in optimal negotiations because the information has been gathered and analyzed and the organization has a firm base from which to conduct negotiations with. Strategic sourcing is an approach that procurement organizations use for supply chain management. Strategic sourcing decision making is the scope of this master dissertation.
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