Chat with us, powered by LiveChat will post traits of procurement leaders Collaborating i - Study Help
  

will post

traits of procurement leaders

Collaborating internally and externally

Acting as a role model

Delivering results

Shaping and influencing future successful strategies

Creating alignment across the organizations

Pioneering change and inspiring others

Identifying and optimizing talent

Investing in innovation

Disrupting the execution of business plans or projects to drive more value from resources

Leading digital and analytical transformation

1

Global sourcing issues

Risk

Supply chain disruption

Risk mediation

Regulations

Standards and quotas

Global terrorism

Customer service

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

2

Supplier relationship management

Sourcing becomes more complex as the amount of unique raw materials, ingredients, parts, components, connectors, apparatus, products, equipment, suppliers, and services increases and the number of buyers involved in the decisions expands

Total value perspective is a way of evaluating suppliers in a sourcing situation to determine which supplier is likely to provide the highest total value to the firm

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

3

Purchasing versus procurement

Purchasing generally refers to the actual buying of materials and those activities associated with the buying process

Procurement is broader in scope and includes purchasing, traffic, warehousing, and receiving inbound materials

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

4

Purchasing versus procurement

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

5

Digital technologies in
purchasing and procurement

Mature Technologies

Cognitive computing and artificial intelligence

Intelligent content extraction

Predictive and advanced analytics

Virtualization

Collaboration networks

Crowdsourcing

3-D printing

Robotics

Emerging Technologies

Blockchain

Sensors and wearables

Cyber tracking

Virtual reality and spatial analytics

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

6

Forms of e-sourcing

Buying/RTP applications

Supplier catalogue sites

Electronic marketplaces

Reverse auctions

e-RFX

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

7

Developing Sourcing metrics

The process being measured must be mapped

Strategic sourcing objectives need to be established

Costs for each of the sourcing objectives need to be established based on the achievement of stated performance goals

All the metrics need to be merged into a common framework which can then be evaluated as a whole

Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.

8

error: Content is protected !!