Studieretningsprojekt Sourcing & Shoring Marketing | A-level | Michael Pedersen International Economics | A-level | Ingvar Hansson 7. February 14 Christopher Nørgaard Haslund Abstract This paper examines different terms and factors influencing decisions on sourcing and shoring different business functions. Outsourcing caused the term of insourcing‚ and offshoring resulted in onshoring. However‚ onshoring is sometimes called inshoring‚ and insourcing is sometimes
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IKEA: Global Sourcing Challenge [Name of Student] [Name of University] IKEA: Global Sourcing Challenge IKEA is a world beloved Swedish furniture company that started in 1943 as a mail-order business that offered goods purchased from low-priced suppliers. Its founder‚ Ingvar Kamprad helped grew IKEA into a multi-billion manufacturer and producer of self-assembled furniture as it is known today (IKEA‚ 2011). Key to why IKEA products are embraced by people beside quality that
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IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor (A) Case Synopsis IKEA is a “privately held‚ international home products company that designs and sells ready-to-assemble furniture such as beds and desks‚ appliances and home accessories” (www.worldisyouroyster.com). The company was established in 1943 by Ingvar Kamprad in Sweden when he was just 17 years old. Kamprad himself‚ who still owns the private company‚ is rumored to be the world’s richest man. IKEA is currently the world
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Siddhartha Chitla STRATEGIC SOURCING OPERATIONAL MANAGEMANT CONTENTS ABSTRACT 3 Introduction 3 OBJECTIVES 4 METHODOLOGY OF STUDY 5 ISSUE AND DISCUSSION 5 CONCLUSION 9 LIMITATION 10 1. Loss Of Managerial Control 10 2. Hidden Costs 10 3. Threat to Security and Confidentiality 10 4. Quality Problems 10 5. Tied to the Financial Well-Being of Another Company 11 REFERENCE 11 ABSTRACT Strategic sourcing is critical for firms practicing the principles of supply
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the IKEA supply contract with Rangan Exports? A. Marianne Barner should first of all understand the situation thoroughly before taking any steps against Rangan Exports. The Global sourcing always brings with it the social‚ cultural and regulatory differences which should be dealt with effectively to ensure success in global supply chain. She should seek the assistance of UNICEF‚ ILO and NGO’s and should help Rangan Exports to avoid using child labor in production of rugs by bringing awareness about
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week I worked with the grant writing team to source potential funding opportunities in target areas and revise draft grants before submission. In the process of sourcing‚ I learned how to use the subscription services FoundationSearch and RelSci. Basically‚ this week involved a lot of reading and judgement calls. In particular‚ I was sourcing in the city of Chicago; I did not know how Jewish oriented the city is before this research. Ultimately‚ we found our organization to be more compatible with the
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Term Paper Worldwide Sourcing Many companies in today’s business world are exploring new ways to surpass their competitors. Over the past twenty years‚ there has been a significant increase in worldwide sourcing. According to Tim Minahan from SearchCIO‚ global sourcing is the process of identifying‚ evaluating‚ negotiating and configuring supply across multiple geographies to reduce costs‚ maximize performance and mitigate risks (Minahan‚ 2003). So why is going international so popular among
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Strategic Sourcing 2.0 by John Brennan Innovative Analytics & Training LLC | www.innovative‐analytics.com Executive Summary. Global sourcing executives face more challenges than ever‚ and the global sourcing environment will only grow more complex. The firms that survive the next century will do so because they make key investments in building the next generation of strategic sourcing capabilities. Strategic Sourcing 2.0 is about automating networks and analysis that is more rigorous
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The Act requires institutions to secure approval from the Board before they adopt single source procurement. The Minister of Finance and Economic Planning issued guidelines on 17th September‚ 2004 to explain the process for application of Single Sourcing. However‚ most applications for single source procurement submitted to the Board fail to satisfy the basic requirements for approval. This sometimes results in delays during the approval process. In order to ensure that single source requests
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Ikea Global Sourcing Challenge: Indian Rugs and Child Labor IKEA and Marianne Barner are facing a very challenging issue. Because they were blind sided by the child labor issues with their supplier‚ they had to scramble to respond to the issues in a quick and appropriate manner. IKEA sent a legal team to Geneva to seek input and advice from the International Labor Organization on how to deal with the problem and to find out more about the child labor issues. They also hired a third party agent
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