Sourcing Perception and Corporate Outsourcing
Write a 12-15 pages topical paper, (cover page, abstract, references and attachments not counted in 12-15 page count) with citations. The subject of which is directly relevant to Purchasing and Acquisitions Management that clearly demonstrates a graduate level command of writing and critical thinking. Minimum of 8 scholarly references (WikiLeaks, Wikipedia and dictionaries are not scholarly references).
Topic: Sourcing Perception and Corporate Outsourcing
- 1. Outsourcing
In recent years sourcing has become much more proactive than it once was. The organization’s information system allows supply managers to study the aggregation of its supply requirements.
- Understanding what outsourcing entails and why companies outsource
- Identify and define strategic issues to consider in deciding to outsource manufacturing
- Explain why a company may favor making a product in-house.
– Understand the importance of the supplier selection process
– Know where to find potential suppliers when developing a supply base
– Evaluate potential suppliers to determine their strengths and capabilities.
– Know when to bid competitively versus negotiate with suppliers
- Global Supply Management
– Explain why global sourcing is here for the long term
– Understand and identify how companies benefit from buying globally
– Recognize potential issues that can arise in buying globally