Learning Objectives after reading this chapter, you will be able to. Download Supply Chain Management Notes, PDF, Books, Syllabus for MBA 2021. PDF INTERNATIONAL SOURCING AND SUPPLY CHAIN STABILITY David L ... The five basic components of supply chain management are discussed below: Plan PDF Update on Excellence Global Strategies for Sourcing ...Globalisation vs. Slowbalisation: a literature review of ... • Identify how different financial factors impact sourcing decisions. Expected stockout for companies in EU/US with suppliers in China, by industry, illustrative 1 Regional distribution centers. This list is not meant to be the . 3, Fall 2000, pp. SOURCING DECISIONS IN A SUPPLY CHAIN CHAPTER 9 Outline • The Role of Using a strategic framework, students are guided through all of the key drivers of supply chain performance, including facilities, inventory, transportation, information, sourcing, and pricing.ÿ By the end of the course, students will walk away with a deep understanding of supply chains and a firm grasp on the practical managerial levers to . There has never been a greater need for supply chain transparency. Part of a broader specialization on Supply Chain Management, you will master the supplier selection process and supplier segmentation. 2007 Pearson Education 13-1. Index (MSI) for its supply chain team as a whole to access an open source database on materials from early product development stages. 34-46. 1 Both Cleveland Clinic and Intermountain Healthcare were able to improve their supply chain strategies by recognizing the critical impact of clinician and physician engagement to drive success and buy-in to sourcing and standardization decisions. of the supply chain, and a set of integrated perspectives to manage the supply chain and make strategic decisions. Learning Objectives 1. The Role of Sourcing in a Supply Chain Sourcing is the set of business processes required to purchase goods and services Sourcing processes include: - Supplier scoring and assessment - Supplier selection and contract negotiation - Design collaboration - Procurement - Sourcing planning and analysis After defining the different sourcing strategies, e.g., insourcing, outsourcing, offshoring and reshoring, we present the drivers for each strategy and how they can . View CHAPTER 9 Sourcing Decisions in a Supply Chain.pdf from BUSINESS BMMW3363 at Technical University of Malaysia, Melaka. Supply chains are customarily associated with multiple interconnected risks originated from supply side, demand side, or from the unanticipated background uncertainties faced by a firm. A global supply chain is a core element for an organization's competitiveness. pdf of this article . also cause disruptions by taking decisions that are unexpected at the operating level, for example, to discontinue a product or to reduce a price dramatically. Strategic Sourcing is a coordinated effort between the different areas of the organization and external partners. Suppliers are expected to communicate these standards throughout their supply chain. Operations and Supply Chain Management - Starbucks Case Study NAME : TETRIANA VIVI OKTORA pg. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. File Type PDF Sourcing And Supply Chain Management 5th Edition latest supply chain management strategies and technologies, which include but are not limited to, global sourcing project management, procurement and business risk analysis, Given the demonstrated success in Identify dimensions of supplier performance that affect total cost 4. Other dimensions must be considered and balanced when designing the supply chain, including: the supply chain. Rather, firms need to determine which costs they consider most important or significant in the 6.7 Making Global Supply Chain Design Decisions Under Uncertainty in Practice 170 6.8 Summary of Learning Objectives 170 Discussion Questions 171 • Exercises 171 • Bibliography 173 CASE STUDY: BioPharma, Inc. 174 CASE STUDY: The Sourcing Decision at Forever Young 176 Part III Planning and Coordinating Demand and Supply in a Supply Chain . Most organizations are short term in nature and plan along a timeline of one quarter to one year. supply chain, from a global or regional perspective. Fully integrated with Xpedition Designer and PADS Professional Designer. Figure 2 shows the definition for each type of the SCND. Supply Chain Management - Decision Phases. −Enables primary and secondary sourcing for supply risk mitigation and continuity These emerging risks may differ from the existing ones in important ways that alter the decision setting, requiring managers to adopt new risk management strategies. Supply Chain Healthcare Provider' in 2016. -Sourcing is crucial. supply chains has been increased interest in re-shoring, especially in the US and other developed economies, where there is pressure to re-examine sourcing strategy and to promote "bringing manufacturing back" (or at least closer) to home. 1 Both Cleveland Clinic and Intermountain Healthcare were able to improve their supply chain strategies by recognizing the critical impact of clinician and physician engagement to drive success and buy-in to sourcing and standardization decisions. It helps companies to focus The study also provides a high-level visual . 1 Tetriana V Oktora INTRODUCTION There are many examples of companies operating in the food and beverage industry that successfully manage their operations and supply chain (SC) on a global scale. Over the years, many have studied the impact of behavioral decision making on supply chain and In a previous post I discussed what Strategic Sourcing was all about, in today's post I would like to introduce what I call the seven steps to strategic sourcing. Decision phases can be defined as the different stages involved in supply chain management for taking an action or decision related to some product or services. An international supply chain is conceptualized as a . In a lean supply chain, elimination of waste or nonadding elements will r- e-duce the cost. Finally, cost is not the only element of a supply chain's performance, as we'll discuss later. Start studying Chapter 14 - Transportation in a Supply Chain, Chapter 15 - Sourcing decisions in a supply chain. Sourcing is the entire set of business processes required to purchase goods and services. Understand the role of sourcing in a supply chain. recommendations can support policy and operational decisions intended to strengthen supply chains going forward. 2020 SUPPLY CHAIN SUSTAINABILITY PROGRESS REPORT Supply chain responsibility is a core part of our business. Any companies with footprints in the United Kingdom must evaluate and adapt their supply management function based on the realities of Brexit. Understanding the ramifications of sourcing decisions, and tight scorecard management of the supplier Download full-text PDF Read full-text. and factor in Green supply chain or other factors beyond just price. We provide complete Supply Chain Management pdf. Supply Chain Analytics aims to improve operational efficiency and effectiveness by enabling data-driven decisions at strategic, operational and tactical levels. Supply-chain COVID Exhibit 2 of 4 Built-in inventory in the supply chain will delay the full impact of halted production. Outsourcing results in the supply chain functions being performed by a third party. In a decentralized supply chain, the members decide independently, each one having a particular goal to achieve. sourcing supply from multiple or lower-risk regions. Learn vocabulary, terms, and more with flashcards, games, and other study tools. S u p p l y T r a c k e r. . Module 2: The Sourcing Decision & Supplier Evaluation • Evaluate a sourcing decision in a given situation by examining factors driving the decision, alignment with supply chain objectives, and outcomes of the decision. Supply Chain Management and Manufacturing Strategies for Supply Assurance . It encompasses virtually the complete value chain: sourcing, manufacturing, distribution and logistics. Our empirical analysis explicitly accounts for the fact that prod-uct complexity and firm structure are interrelated decisions.3 Our data set includes not only . A sourcing decision should aim to increase the net value created by the supply chain. » Cisco sources: Low-end products (e.g. Supply Chain Challenges The Supply Chain application, powered by SupplyFrame, empowers engineers with real-time component sourcing data to make more informed part decisions when cost-of-change is lowest. 239-261. fordable flow. SOURCING DECISIONS IN A. Jeff Schaller, Ph.D. L ean globalization: It contin-ues to shake and shape the way we develop and imple-ment strategies for product devel-opment, supplier management, production, sales, distribution, and just about every other aspect of our . Supply Tracker Update and Publish. Describe the impact of risk sharing on supplier performance and information distortion 6. Manufacturing Execution. Understand the role of sourcing in a supply chain 2. Capacity Allocation Decisions. Supply chain layer two: Supply chain planning, at the tactical level, occurs regularly but is not a daily task. (2006). Components of sourcing decisions Boost Supply Chain Performance with Behavioral Decision Making Abstract Human judgement, and thus to a degree, irrationality, is a part of decision-making in almost every function of an enterprise, and supply chain management (SCM) is no exception. Influencing Sustainable Sourcing Decisions in Agri-Food Supply Chains Geneva: ITC, 2016. vii, 31 pages Doc. sourcing and supply chain stability. In this paper, we focus on analytical models that may help to optimize the sourcing and location decisions in Supply Chain Management. supply chain system, making it difficult for a company to figure out where . Understanding your value chain, and how China fits into it, can lead to tremendous tax savings. This course introduces you to the exciting area of supply chain sourcing. Sourcing is an important part of managing a successful supply chain. One of the key lessons of 2020 for supply chain leaders is that procurement cannot afford a singular focus on purchasing goods and services at the lowest possible cost. Identify dimensions of supplier performance that affect total cost 4. In a decentralized supply chain, the members decide independently, each one having a particular goal to achieve. and computer hardware to analyze large number of supplier bids and business scenarios to identify "optimal" sourcing decision." . Successful supply chain management requires decisions on the flow of information, product, and funds that fall into three decision phases. Sourcing decisions in supply chains traditionally are made solely based on cost considerations. Typically sourcing models or decision-making procedures are either ad hoc or proprietary. involvement in a supplier's sourcing activities as the "supply chain make-buy" decision. "I highly recommend it for supply chain specialists, general managers and anyone who wants to understand the impact of effective supply chain management and how the supply chain function should be integrated into corporate strategy." sustainability, feeds through the supply chain in two ways: Direct consumer response in the form of changing retail purchasing patterns Indirect effect as retailers and distributors change sourcing decisions to respond to - and pre-empt - consumer requirements Logistics Sector Response The sector has started to make meaningful While managers are familiar with common risks such as supply disruption and demand uncertainty, new risks are constantly emerging. Specifically, how we use suppliers is changing: +70% of sourcing & procurement professionals report using suppliers to tap into new-in-kind technology services and/or something outside of their organization's core business model. . Also, effective functioning of supply chain hinges on sourcing decisions of inputs (raw materials). Supply Chain Healthcare Provider' in 2016. An international supply chain is conceptualized as a . The Unilever Sustainable Agriculture Code (SAC) (PDF 7.88MB) and the Unilever Regenerative Agriculture Principles (RAPs) (PDF 8.34MB) provide the basis for our sustainable sourcing programme. MAR-15-72.E This paper presents research findings on influencing sustainable sourcing decisions in agri-food supply chains, providing insight into the role of intermediaries. Citations (7) References (23) The SAC is a collection of best practice principles for farming that hundreds of thousands of farmers have used since 2010 to make their operations more . Given the demonstrated success in It affects efficiency and responsiveness in a supply chain -In-house vs. outsource decisions- improving efficiency and responsiveness » TI: More than half of the revenue spent for sourcing. INTRODUCTION The Issues of supplier selection have attracted the interest of researchers since the 1960's, and research studies in this area have increased, several authors have pointed out the importance of supplier selection by emphasizing the impact that decisions throughout the entire supply chain have, from procurement of raw material to . A supply chain is the collection of steps that a company takes to transform raw materials into a final product. KEVIN BROWN, Executive Vice President, Chief Supply Chain Officer . - Supply Chain Management software • Overall trade-off: Responsiveness versus efficiency Sourcing • Role in the supply chain • Role in the competitive strategy • Components of sourcing decisions Sourcing: Role in the Supply Chain • Set of business processes required to purchase goods and services in a supply chain The core capabilities encompass supply chain planning, sourcing & procurement, operations and logistics & The overall purpose is to develop plans that it here to supply chain strategy well achieving maximum benefit from supply chain resources. If you are in supply chain field, you should know that it's a major decision whether you outsource your production/function or perform in-house. INTERNATIONAL SOURCING AND SUPPLY CHAIN STABILITY David L. Levy* University of Massachusetts, Boston Abstract. Chapter 14 Sourcing Decisions in a Supply Chain Supply Chain Management (3rd Edition) 2007 Pearson Education 13-2 Outline The Role of Sourcing in a Supply Chain Supplier Scoring and Assessment Supplier Selection and Contracts Design Collaboration The Procurement Process Sourcing Planning and Analysis Making Sourcing Decisions in Practice Summary of Learning . File Type PDF Sourcing And Supply Chain Management 5th Edition latest supply chain management strategies and technologies, which include but are not limited to, global sourcing project management, procurement and business risk analysis, Responsible Sourcing conducts an annual risk assessment to better understand social compliance risks in the supply chain. Global Sourcing And Procurement Strategy: A Model of Interrelated Decisions. This step describes sourcing . Sourcing & procurement is becoming more critical as supply chains grow increasingly complex. Executives gain a deeper understanding of supply chain integration, technology sourcing, make-buy decisions, strategic partnering and outsourcing, and . Risks are prevalent in supply chains. Strategic Sourcing and Supply Chain Management. In this dissertation a meta-heuristic-based optimization approach is developed and applied to sourcing decisions in several different apparel supply chains. To survive and thrive, leading companies are thinking more broadly by considering strategic factors in sourcing decisions and continuing to invest in deeper supplier relationships. The five basic components of supply chain management are discussed below: Plan Should the buying firm "make" the supply chain by exerting control over the selection and management of Tier-2 and further upstream suppliers or "buy" the supply chain by Supply Chain Management study material includes Supply Chain Management notes, book, courses, case study, syllabus, question paper, MCQ, questions and answers and available in Supply Chain Management pdf form. Product Complexity and the Supply Chain The usual empirical model offirm structure takes asset specificity as exogenous, focusing on firm struc-ture as determined by specificity. base sourcing decisions not just on adopting a "price only" focus, as found in the traditional approaches to supplier selection under supply chain risk conditions (Dupont et al., 2018; Yoon et al., 2018). Responsible Sourcing in the Jewelry Supply Chain The undersigned investors call on companies in the jewelry industry to review their policies and practices and take action to ensure responsible sourcing of gold, diamonds, and other precious minerals and gems. Supply Chain Forum: An International Journal: Vol. 1, pp. evolutionary step in Supply-Chain. Ÿ Sourcing Decisions: Supplier Selection Ÿ Sourcing Decisions: Optimal Procurement Policies Ÿ Global Sourcing and Procurement Ÿ Pricing Analytics and Revenue Management in a Supply Chain Advances in Supply Chain Ÿ Developing a Sustainable Supply Chain Ÿ Supply Chain Anomalies: Bullwhip Effect, Double Marginalization, etc. Based on a literature review, interviews, and case (2) Supplier strategy: This step establishes the planned No. making strategic sourcing and make-buy decisions, the next big trend in supply chain strategy, and the key skills required to be successful. . In the context of the mainstream of globalisation and a new trend of slowbalisation, we review the existing literature including both empirical and analytical papers on the sourcing and location decisions in Supply Chains. Discuss factors that affect the decision to outsource a supply chain function 3. also cause disruptions by taking decisions that are unexpected at the operating level, for example, to discontinue a product or to reduce a price dramatically. Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. Structure successful auctions and negotiations 5. Discuss factors that affect the decision to outsource a supply chain function 3. Increasing the efficiency through reduction of waste and cost of sourcing strategies result in decisions such as global vs. local sourcing, single vs. multiple sourcing or partnership vs. competitive bidding This process determines the second decision point: selecting specific sourcing strategies for each commodity. Therefore, there is a striking need to analyse the risk preference of the decision maker while going for . We include the Standards for Suppliers in . Sourcing decisions currently made in isolation ÖDecisions are made for small groups of products Sourcing decisions made in context of entire supply chain ÖDecisions are made considering the entire supply chain Excel is the primary decision tool - Many drawbacks ÖExcel does not capture the many different trade-offs that exist in the supply . decisions in the supply chain. decisions for all relevant processes, strategies, and tactics. 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