1.1 GLOBAL SOURCING 1.1.1 Definition Global sourcing is defined as a centralized procurement strategy of a international consortium‚ whereby a central buying organization strives to create economies of scale through corporate wide standardization and benchmarking. A definition focused on this aspect of global sourcing is: "proactively integrating and coordinating common items and materials‚ processes‚ designs‚ technologies‚ and suppliers across worldwide purchasing‚ engineering‚ and operating
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JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY SCHOOL OF HUMAN RESOURCE DEVELOPMENT ENTREPRENEURSHIP AND PROCUREMENT DEPARTMENT YEAR I SEMESTER 1 MASTERS OF SCIENCE IN PROCUREMENT AND LOGISTICS COURSE: GLOBAL PROCUREMENT COURSE CODE: HEPL 3102 LECTURER: DR. MURAKARU NAME: ERIC NJERU NTHIGA REG NO: HD311-3239/2013 TASK: ASSIGNMENT Global Competitiveness: Role of Supply chain Management By Prof. Shailendrakumar Uttamrao Kale*
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What is global sourcing and why is it so important? Because companies sourcing from both inside and outside their country borders are better able to compete. The global reality As international demand grows for more and better products and services‚ competition becomes more intense. Firms must keep up with rapidly changing technology while also lowering their costs‚ increasing quality‚ and improving customer service at all stages of the value chain. This is the reality of international trade
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1. Concept 1) What is global sourcing? Global sourcing is defined as the process of identifying‚ developing‚ and utilizing the source of supply for the enterprise through expanding purchasing activities internationally. It is a part of post reengineering activities which is an useful measure of cutting cost. Global sourcing is a typical example of foreign construction outsourcing firms which process construction by distributing each process of construction work to vendors instead of running on
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2006 ISBN: 978-1-84219-307-4 A Multiple Decisive Factor Model for Construction Procurement System Selection S. Ratnasabapathy and R. Rameezdeen Department of Building Economics‚ University of Moratuwa‚ Moratuwa‚ Sri Lanka; shiyalk@yahoo.co.uk The procurement system is a key means through which the client creates the pre-conditions for the successful achievement of project specific objectives. Different procurement systems are used for different projects and the appropriate selection may help to
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Project Procurement Management Individual Assignment Select any THREE (3) from the following list: This assignment is designed to increase your understanding and familiarize yourself of the issues from the list below as it relates to the procurement aspects of project management. Write a minimum 3‚500 - 4‚000 words report for each topic. You are expected to conduct external research and relate the topic chosen to your current or past working experiences. Assignments will be evaluated in
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DIFFERENT SOURCING RELATIONSHIPS Direct sourcing model The adidas Group holds direct contractual relationships with its core suppliers who are centrally supervised by Global Operations. Global Operations is a Group function which manages product development‚ commercialisation‚ distribution and supervision of the manufacture of apparel‚ footwear and accessories for the adidas‚ Reebok and TaylorMade-adidas Golf segments. These suppliers produce the predominant share of the total sourcing volume of
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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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challenge is to provide the consumer with better value in return for their dollar. While the firm may see global sourcing as a means to reduce material or component costs‚ the only value that is relevant for consumers is a reduction in total landed cost while also considering such elements as quality and post sales support. Manufacturers need to make sure that their decisions to reduce sourcing costs also continue to provide the best overall value to consumers. Maintaining supply chain velocity is
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