Sourcing and Supply Chain ManagementThe ability to satisfy customer demands while responding to relentless competitive pressure requires creative and often complex approaches to managing a firm's supply chain. Perhaps more than any other area, executive managers increasingly believe that a concept called globalization offers the best opportunity to achieve major performance gains. One area where many companies can begin to capture the benefits of globalization is global sourcing, which involves the worldwide integration of engineering, operations, and procurement centers within the upstream portion of a firm's supply chain. Unfortunately, capturing the benefits potentially offered by globalization is often limited by a lack of understanding concerning how to pursue this important topic. Trent, R. Please share your general feedback. You can start or join in a discussion here.
Purchasing and Supply Chain Management By Robert M. Monczka- Robert B. Handfield- Larry Giunipero
In commerce , supply-chain management SCM , the management of the flow of goods and services,  involves the movement and storage of raw materials , of work-in-process inventory , and of finished goods from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. An example of these conflicts is the interrelation between the sale department desiring to have higher inventory levels to fulfill demands and the warehouse for which lower inventories are desired to reduce holding costs. In , Keith Oliver , a consultant at Booz Allen Hamilton introduced the term "supply chain management" to the public domain in an interview for the Financial Times. In the mids, more than a decade later, the term "supply chain management" gained currency when a flurry of articles and books came out on the subject.
Enterprises are relying increasingly on external suppliers to provide only materials and products, not information technology, services, and design activities. True b. Organizations are constantly looking for people who have developed the skills necessary to deal with the narrow variety of tasks faced by purchasing. Purchasing can directly affect positively or negatively the long-term growth, revenue, and operating outcomes and plans of stakeholders and business units. Contract management should be used to trigger proactive sourcing events only after a contract expires. When creating a forecast for a needed product or service, internal customers may not always be able to express exactly what it is they will need at a future point in time.
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Refer book. Order inspection copy. This turnkey solution provides current and complete coverage that makes it not only a useful book, but also a valuable professional reference tool. This edition presents the most recent critical developments in the field as well as the impact of the recent recession and ongoing business uncertainty on today's supply chain. This leading author team draws from firsthand experience and their relationships with executives and practitioners worldwide to present numerous cases, memorable examples, and unique insights that enable readers to better understand today's purchasing process. The authors have tapped into their industry connections worldwide to present insights and memorable examples from leading purchasing executives and the latest research initiatives. Students gain a better understanding of the most recent critical developments in the field as well as the impact of the recent recession and ongoing business uncertainty on today's supply chain.