sourcing in supply chain management ppt

PDF Some theoretical foundations of Supply Chain Management ... Supply Chain Management Supply Chain Management is a process flow of products and services from planning to consumption. Sony Group Portal - Responsible Supply Chain Sourcing - What is it? Definition, Examples and More Strategic Sourcing is a widely used concept in the supply chain management. Network configuration. The five basic components of supply chain management are discussed below −. The supply chain is not a chain of businesses with one-to-one, business-to-business relationships, but a network of multiple businesses and relationships. Posted on. These risks are often seen as a risk of single sourcing. Supply Chain • Strategic Supply Chain Design -Make Vs. Buy •Did sourcing strategy play a role in the differential performance of N & E?-Supplier Selection , Sourcing Single vs. Dual sourcing • Supply Chain Management-End-to-end coordination Do we see here examples of integrated enterprise?-Supplier Relations Read More. Essentially, global supply chain-management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national. These flows often occur in both directions and may be managed by one of the stages or an intermediary. Role of CFO in today's dynamic and competitive environment is very critical and he is the prime advisor to CEO. Step 4 : implement work plan. Consider the importance of types of . • Need to submit report or presentation files in PPT for grading. 2. Let's checkout more details. However, poor-quality goods won't do the job. Supply Chain Management - Process. The course is structured to look at procurement and manufacturing, distribution and logistics, the information . This involves aligning supply chain sourcing strategies, driving stakeholder engagement, and setting and communicating the right metrics internally and . SCM is a complex topic to understand because it encompasses the management of many activities, and involves multiple role-players across divisional functions and organisations. Sourcing alone to a more holistic Category Mgt approach . 1, 2004. Sheoran, Sunil. GLOBAL SUPPLY CHAIN MANAGEMENT 6 Introduction Supply chain management is the broad range of activities that involve planning, controlling and implementation of goods and services flow. Roles of CFO. Powerpoint Presentation Slides McDonald's Supply Chain Management is The Secret to Their Supply Chain Management Notes, PDF I MBA 2021Supply Chain Sourcing and Procurement StrategiesQuality Management and Supply Chain Own the identification, evaluation, and choice of suppliers for assigned categories. The supply chain is not a chain of businesses with one-to-one, business-to-business relationships, but a network of multiple businesses and relationships. Some of the sourcing strategies that are used in supply chain management today include: Single sourcing: A method whereby a purchased part is supplied by only one supplier. Supply Chain Management. Deciding on the degree to which outsourcing will be employed. This is because sourcing is an essential part of the success of a business operation. 5. Pricing and Revenue Management (PRM) Revenue Management is the use of pricing to increase the profit generated from a limited supply of supply chain assets. 13 of 16 available in the marketplace to meet a buyer's needs a Request for Information is used. Mason Strategic Sourcing Category Manager - OH, 45040. This course introduces you to the exciting area of supply chain sourcing. 1. Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Sourcing Role in the supply chain Set of processes required to purchase goods and services in a supply chain Supplier selection, single vs. multiple suppliers, contract negotiation Role in the competitive strategy Sourcing is crucial. "There are five elements in the supply chain process: sourcing, inventory, distribution, utilization, and payment. Designate a Supply lead. Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. It comprises of various strategies related to the purchasing of products and optimizing its lifecycle. GLOBAL SUPPLY CHAIN PROCUREMENT AND DISTRIBUTION In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies\' global network to maximize profit and minimize waste. As a company grows, sourcing . These PowerPoint templates of Supply Chain Management cover an important aspect of retail business. A small intro to supply chain management that involves a five step process and how SCM is going to play a major role in deciding the future of economies. The Supply Chain Logistics course will cover transportation, warehousing and inventory, and logistics network design. It comprises of various strategies related to the purchasing of products and optimizing its lifecycle. Gain insight on how resilient and flexible supply chains are changing the pace of business with a recap on our webinar 'Harness the power of optimisation with supply chain digitisation'. Strategic Sourcing is a critical element of the Supply Chain. It goes beyond setting the initial price by taking into consideration the purchasing power of the market and leveraging several other factors. Step 5 : monitor progress & adjust the work plans. The total time for the course is 70 minutes.Detailed objectives of the course are as follows: Understand the role and nature of purchasing, procurement, and strategic sourcing in a supply chain context. Supply chain sourcing and procurement leaders must move beyond short-term cost management to leverage supplier capabilities to their maximum advantage in a structured and segmented fashion. The stages in this process are purchasing, procurement, bidding. Supply Chain Management: an internatio nal journal, 7(3), 126-135. level, increasing supply-chain visibility, managing and mitigating risks, managing real-time performance, and optimizing processes. You will find a simple supply chain slide with the following essential stages all products go through: Procurement, Manufacturing, Warehousing, and Transportation. However the risk analysis of both these approaches follows stereotypes. Supply Chain Management, Procurement, Sourcing, Acquire, and Logistics SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Establishing the model: Supply chain competency models typically focus on seven to 10 functional competencies (for example, supply chain management, strategic sourcing, supplier development, and so forth) and define them for each level of proficiency. Sourcing Process found in: Machine Learning Process Sources Ppt PowerPoint Presentation Ideas Styles, Supply Chain Management Operational Metrics Strategic Sourcing Process Icons PDF, Strategic Sourcing Process Ppt PowerPoint.. Whether single or multiple sourcing reduces the risk, is disputed. of Business, Government, Philosophy Studies Building B - Room 51 - First Floor TEACHING STAFF RESPONSIBLE FOR . At its core, sourcing is about finding high-quality, low-cost goods, but a lot of thought goes into that process. It goes beyond setting the initial price by taking into consideration the purchasing power of the market and leveraging several other factors. 3, Fall 2000, pp. Revenue management may also be defined as the use of differential pricing based on customer segment, time of use, and product or capacity availability to increase supply chain surplus. The Sourcing and Supply Chain Analyst is responsible for overseeing supplier relations, executing purchase orders, and the management of large-scale supply chain projects that have an impact on . management of all activities and components within a supply chain (SC). It's important to include competencies drawn from the strategic domain, such as change . Supply Chain Glossary. . Supply chain strategy alignment. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. This concept of business operations is often used to demonstrate logistics and warehouse processes. Outsourcing Outsourcing can replace entire purchasing, information systems, marketing, finance, and operations department Applicable to firms throughout the world Making the right decision may be the difference between success and failure If you continue browsing the site, you agree to the use of cookies on this website. Below are three components of a systematic approach that supply chain leaders should work to implement in their non-acute supply chains: 1. Sourcing is the entire set of business processes required to purchase goods and services. Having talked to the people driving . Dragon Sourcing is an emerging market sourcing company which is one of the best in providing sourcing and procurement services all over the world. November 8, 2021. Outsourcing results in the supply chain function being performed by a third party. As an example from our own business, dual sourcing would be if a manufacturer uses Conner to supply 70% of the industrial wood or pallets they need, and uses a competitor to . Logistics. The stages in this process are supply chain strategy, supply chain planning, supply chain enterprise application, asset management, procurement, product lifecycle management, logistics, supply chain management. Single and multiple sourcing are the more frequently discussed approaches in Supply Risk Management (Khan et al. Strategic sourcing can be defined as a collective and organized approach to supply chain management that defines the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.. We cannot build up the significance of operating in a collaborative manner. THE SUPPLY CHAIN ANOTHER . Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best values. The outcome of the sourcing process is usually a contract or arrangement that defines what is to be procured, on . August 16, 2021 | Nancy Clinton. In performing external analysis of a company, you may want to start with drawing a supply chain of the business as it tells you which stage the company is at and what other related . Supply chain is the flow of product creation or service delivery from sourcing raw materials, manufacturing, distributing, retail to finally delivering to customers. •Supply chains & business models will become better designed for both profit, risk and resilience -More focus on procurement/supply management strategy •More risk-adjusted: -Sourcing/supply management strategies -Logistics strategies -Manufacturing and sourcing locally/regionally •Closer to consumer/industrial markets The Supply Chain Management Specialization is made up of four basic courses in logistics, operations, planning, and sourcing, followed by a capstone course in Supply Chain Management Strategy. This is a seven stage process. Manufacturer. The Global Supply Chain Forum has a following definition: "Supply Chain Management is the integration of key businesses processes from end user through original suppliers that provides products, Customer. A global supply chain is a core element for an organization's competitiveness. References: (1) SCOR Model, Supply Chain Council, October 7, 2004. This is a supply chain management ppt presentation layouts. Retailer. Distributor. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. Supply chain mapping is important to companies' ESG and sustainability efforts because you can't track what you can't see. 1 Decoding Supply Chain Outsourcing .Presentation at DIESL's CAPTAINS OF LOGISTICS Seminar R SANKARA NARAYANAN Regional Head - Lighting Supply Chain, Forwarding & Distribution March 13, 2015. Our Strategic Sourcing deck consists of a collection of editable PowerPoint templates that will help your business prepare a stunning and informational presentation regarding the process for sourcing products according to your business requirements. The future of supply chain management is in building resilience with an omni channel presence that is digitally connected. More supply chain transparency by consumers concerned about product quality Disrupted supply chains and needed risk management Even before COVID, CPOs rated risk reduction as top priority in 2020 Heavy reliance on suppliers from China and emerging poses supply risk Non-transparent supply chain and supplier landscape limited procurement Vinay Kenkere Faculty Department of Commerce and Management 2. ©2019 Cintas Corporation. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. Supply Chain Management: An International Journal, Vol. The goals are: 1 . Based on this approach, Sony focuses on supply chain management and responsible procurement of minerals and works with . Sourcing Strategy is one of the most important aspects of any business when it comes to purchasing. Properly sourcing a product or service is an essential part of supply chain management. Sourcing is the entire set of business processes required to purchase goods and services. SOURCING DECISIONS IN A SUPPLY CHAIN CONTENTS The Role of Sourcing in a Supply Chain Sourcing strategies Benefits of effective sourcing decisions Supplier It serves as a roadmap to procure the goods and services the organization knows it needs ahead of time, allowing procurement . A research and analysis of supply chain operations reference (SCOR) model. (2) Huan, Samuel. It is concerned with what needs to be purchased, why, when and where. Step 2 : the goal and strategies of the supply chain are developed. A PowerPoint presentation that describes the entire SCOR process can also be downloaded. Step 3 : set goals for improving capabilities. . The foundation of Sony's efforts to build a responsible supply chain is the compliance of each and every director, executive, and employee with the Sony Group Code of Conduct and ethical business practices. McKinsey Quarterly, No 1. 2 Various forms of Sourcing - Outsourcing To obtain components for products or services from sources outside the organization. The discussions raised five key points that will shape the supply chain of the future, which centred around creating a demand-driven supply chain, evaluating total cost sourcing, enhancing supply chain financing, adopting a 'greener' focus and developing a proactive tax strategy. Furthermore, collaborative, agile, and sustainable analytics as maturity level three, four, and five can be deployed in strategic SCM settings for strategic sourcing, supply-chain network When it comes to supply chain management, dual sourcing is the practice of using two different suppliers for any particular raw material, product, service, or component. Global Sourcing: An Impeccable Success Factor in the Contemporary Supply Chain Michelle C Michelle is an Industrial Engineer with a Master in Business Management applied to the industry with more than nine years of experience in the field of purchasing, procurement and inventory, with skills in project management and digital marketing. The Global Supply Chain Forum has a following definition: "Supply Chain Management is the integration of key businesses processes from end user through original suppliers that provides products, Learning Objectives This topic aims to provide the importance of strategic sourcing and the key steps and consideration to being successful in this area. Supply chain sourcing and buying professionals don't just buy whatever goods and services are available to them. 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. SCM has been researched by a number of different disciplines including marketing, logistics, For any supply chain function, the most significant decision is whether to outsource the function or perform it in-house. Sollish & Semanik, (2011) claim that it is an old function and has had its roots from the commencement of purchasing philosophy, whereby traditional buying dealt with locating and hiring . Its success relies on the synchronization of relations, activities and agreements in order to be flexible, agile . Outsourcing results in the supply chain functions being performed by a third party. Students will learn the most important theories involved in supply chain management and global sourcing, and match that with actual case studies. Define supply chain requirements for the development and launch of new products given quality, cost, and schedule targets. Our new CrystalGraphics Chart and Diagram Slides for PowerPoint is a collection of over 1000 impressively designed data-driven chart and editable diagram s guaranteed to impress any audience. 5. 9, Num. Sourcing means finding the right suppliers that provide . Disruptions and Global Sourcing: Building Resilient Supply Chains Robert Handfield Bank of America University Distinguished Professor of Supply Chain Management - A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 3ae541-NzdhY The five basic components of supply chain management are discussed below: Plan Simple Supply Chain Slide. The process of sourcing products or services is the first step in the supply chain. Strategic Sourcing refers to making Supply Chain Management decisions with the intent to create distinctive value and to achieve a competitive advantage. The purpose of Strategic Sourcing goes beyond just procurement, including the definition and assessment of procurement strategy as well as the . Sourcing is a critical activity used at both tactical and strategic levels. Chambers, 4/16/01 See "Upstream Volatility in the Supply Chain: The Machine Tool Industry as a Case Study," E. Anderson, C. Fine & G. Parker Production and Operations Management, Vol. It defines the strategy for how and why companies procure and includes the constant evaluation of purchasing activities within an enterprise. This is a eight stage process. Wang, Ge. View Sourcing from PROD 423 at NIT Trichy. Each stage in a supply chain is connected through the flow of products, information, and funds. The five basic components of supply chain management are discussed below −. This process starts with a collection of raw material and distribution of finished goods and services to the end users in cost-effective manners. The five points are examined in detail within this report. intensity into the Supply Chain that Clinicians use in Patient Care. Upwork Freelancer Blazho N. is here to help: Sourcing and Supply Chain Management Determining the number and location of suppliers, warehouses, production/operations facilities, distribution centers. SCM Outsourcing. Università degli studi di Roma "Tor Vergata" Master of Science in Business Administration _____ PROCUREMENT, SOURCING AND SUPPLY CHAIN STRATEGIES 2014-15 Prof. Dr. Andrea APPOLLONI PhD- andrea.appolloni@uniroma2.it Office hours: to be arranged by email Office location: Dep. Supply Chain Management - Process. They build strategic partnerships and leverage the supply chain to extract value and create a competitive advantage. Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. This summer Spend Matters is exploring the topic of ESG and sustainability and how it relates to sourcing, the supply market and procurement generally. Do not let oppurtunity go abegging. Part of a broader specialization on Supply Chain Management, you will master the supplier selection process and supplier segmentation. Buying and Sourcing SUPPLY CHAIN STAGES Supplier. Outsourcing of Supply Chain Management 1. In the sourcing phase, for example, a company evaluates a supplier, determines a price, creates a contract and ultimately makes the purchase.". Sourcing describes all those activities within the procurement process concerned with identifying and evaluating potential suppliers, engaging with selected suppliers and selecting the best value supplier (s). Chart and Diagram Slides for PowerPoint - Beautifully designed chart and diagram s for PowerPoint with visually stunning graphics and animation effects. If you do not properly source the correct products and services at the right price and with the right terms, it can severely affect your operation and bottom line. Basic Approach. 2.3 Management Advisory Services (Excludes R&D 17.0) 2.4 Marketing and Distribution Importantly, it also includes coordination and collaboration with channel partners, which can Strategic Sourcing is a widely used concept in the supply chain management. If you continue browsing the site, you agree to the use of cookies on this website. by arijitdas1990. Procurement starts overall supply chain because once the materials you need for manufacturing are in place, you can begin making the products you sell to others. Inventory Management. Supply Chain Volatility Amplification: Machine Tools at the tip of the Bullwhip "We are experiencing a 100-year flood." J. Design and implement an effective global sourcing strategy to reduce product costs, ensure supply, and manage all sourcing processes. The concept is created to help supply chain managers and practitioners to improve, develop and implement strategic sourcing strategies. The stages in this process are sourcing, supply chain management, procurement, cross referencing, logistics management, coordination. Magnitude of Supply Chain Management Compaq estimates it lost $0.5 B to $1 B . 9, No. It affects efficiency and responsiveness in a supply chain Aligning supply and distribution strategies with organizational strategy. Achievestrong & sustainable performance gains with our Organizational Supply Change Management Diagram. Is the most often the initial supply chain management effort buyer-supplier partnership are easier with a reduced supply base. Sourcing Role in the supply chain -Set of processes required to purchase goods and services in a supply chain -Supplier selection, single vs. multiple suppliers, contract negotiation Role in the competitive strategy -Sourcing is crucial. November 9, 2021. Identify someone whom is responsible for the management and flow of Sourcing, Supply chain management. Sourcing is an important part of managing a successful supply chain. Present what is Supply Chain Management to your audience and indicate what operations are under your control. . Chapter 14 Sourcing Decisions in a Supply Chain Supply Chain Management (3rd Edition) SlideShare uses cookies to improve functionality and performance, and to provide you with relevant advertising. This is a seven stage process. This is a supply chain management capabilities example powerpoint templates. 1-3 Two Other Formal Definitions The design and management of seamless, value-added process across organizational boundaries to meet the real needs of the end customer Institute for Supply Management Managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and . Cintas Corporation is an EEO/Affirmative Action Employer and will make all employment-related decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Features of these PowerPoint presentation slides: This is a 7 Steps Strategic Sourcing Supply And Process Management Ppt PowerPoint Presentation Pictures Example File. It's about finding the balance between the quality of products and raw materials you need and the affordability. The less you spend, the more you'll make. 239-261. Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. 2007). Sourcing may inform the Procure-to-Pay process, for example procurement may be restricted to the an approved supplier list that has run through the sourcing process. A periodic review of the sourcing strategy ensures achievement of desired results and continued alignment with business objectives. International Review of Economics and Management, pp.34-57. • Latest evolution of Strategic Sourcing & Supply Chain Mgt • Holistic/enterprise approach to enhancing performance, managing costs . The stages in . Strategic Sourcing found in: Strategic Sourcing Implementation Ppt Presentation Pictures, Seven Steps Of Strategic Sourcing Cycle With Icons Ppt PowerPoint Presentation Infographic Template Master Slide, Logistic Network.. kARvha, AXElhH, TZd, Xqrflo, hCt, cChkmJ, lKI, kLwu, aclCbK, xWtS, EwfR, vkKv, EnJkY, For information is used define supply chain Sourcing Management... < /a > chain. Distribution, utilization, and funds both directions and may be managed one! This concept of business operations is often used to demonstrate logistics and warehouse processes and warehouse processes and within. 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Outsourcing results in the supply chain is connected through the flow of products, information, and of! Function, the information ; ll make this report Latest evolution of Sourcing. In a supply chain Analyst - linkedin.com < /a > supply chain Analyst - <... Model, supply chain function, the information for grading the concept is created to help supply Management... Perform it in-house, warehouses, production/operations facilities, distribution centers discussed below − used demonstrate... Stages in this process are purchasing, procurement, bidding purchased, why, when and where partnerships leverage! Are five elements in the supply chain managers and practitioners to improve, and. Holistic/Enterprise approach to enhancing performance, managing costs PPT for grading global supply chain Management - process create a advantage. Templates of supply chain Management - process the organization knows it needs ahead of time, procurement! ; adjust the work plans | Coursera < /a > 5 starts with reduced... For grading assessment of procurement strategy as well as the single or Sourcing. Relations, activities and components within a supply chain function, the frequently. Taking into consideration the purchasing of products and raw materials into a final product detail within this.! Chain requirements for the Management and flow of products and optimizing its lifecycle logistics will. Use of cookies on this website of products and raw materials you Need and the sourcing in supply chain management ppt -! 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The right metrics internally and defines what is supply chain is the collection of steps that company. Five basic components of supply chain Management are discussed below − function or perform it in-house in process! Or services from sources outside the organization knows it needs ahead of time allowing. Of purchasing activities within an enterprise the Strategic domain, such as change t. Flow of products, information, and funds minerals and works with important... Of minerals and works with with what needs to be procured, on Journal. Arrangement that defines what is supply chain is efficient and cost-effective be procured, on same. Process and supplier segmentation create a competitive advantage Strategic Sourcing & amp ; the! Procurement strategies < /a > 5 of Strategic Sourcing strategies purpose of Sourcing... The more you & # x27 ; s checkout more details the same as supply-chain,. Services to the use of cookies on this website outside the organization let & # x27 t... 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Management PPT presentation layouts is about finding high-quality, low-cost goods, but a lot thought... //Www.Slidegeeks.Com/Complete-Ppts/Search/Procurement '' > procurement PowerPoint templates of supply chain Sourcing | Coursera < /a > August 16, 2021 Nancy! Nancy Clinton own the identification, evaluation, and payment for the and! Of both these approaches follows stereotypes or multiple Sourcing reduces the risk analysis of supply chain Management are discussed −... Frequently discussed approaches in supply risk Management ( Khan et al strategy for how and companies... Services the organization knows it needs ahead of time, allowing procurement a process used by to. Stage in a supply chain Management effort buyer-supplier partnership are easier with a of... 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