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Printable Handouts
Navigable Slide Index
- Introduction
- Several important questions in sourcing strategy
- Vertical integration and value chain design
- Strategic
- Market
- Economic
- Product and technology
- Some historical notes
- Trends in supplier relationships
- Spectrum of relationships
- The relationship structure depends on…
- Alternative roles
- Advantages of a reduced supplier base
- Considerations for single item suppliers
- Structuring supplier relationships (1)
- Structuring supplier relationships (2)
- Sourcing offshore
- Flexibility and risk hedging
- Globalization suggests balance of sourcing
- Summary
- Acknowledgements
This material is restricted to subscribers.
Topics Covered
- Vertical integration and outsourcing
- Strategy and core operations
- Supplier markets
- Supplier trends
- Supplier relationships
- Supplier roles
- Contracts and revenue sharing
- Offshoring
- Global sourcing
Talk Citation
Rosenfield, D. (2019, December 31). Sourcing strategies [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 8, 2024, from https://doi.org/10.69645/MSFZ5023.Export Citation (RIS)
Publication History
A selection of talks on Global Business Management
Transcript
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0:00
One of the most important questions in strategy is sourcing.
How should companies source,
where they should source,
should they do it internally or externally?
These are all key questions of strategy
for any company that wishes to compete in operations.
This session will address all of
these questions and attempt to develop a framework for sourcing strategy.
0:30
There are several important questions in sourcing strategy.
The most important one is whether a company should vertically integrate and source
internally or use outside suppliers and purchase commodities, services, or components.
The question of vertical integration has been one of
the most critical areas facing companies today,
and there are many people who feel that the trend toward outsourcing has gone too far.
But there are many other important questions in sourcing as well.
What role should each supplier play?
How many suppliers should one have?
Should one have many suppliers?
Should one have a small number?
If one has a small number,
should they have one or two?
What types of relationships should one have with suppliers?
What types of contracts and revenue arrangements should be made with suppliers?
Should there be some buyback or alternative revenue sharing arrangement?
Finally, in the era of globalization,
should one offshore and seek suppliers or internal services in China or in other areas?
More generally, how should one manage a global sourcing network?