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Summary Chapter 7 - Introduction to Operations and Supply Chain Management (Bozarth) $3.22
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Summary Chapter 7 - Introduction to Operations and Supply Chain Management (Bozarth)

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Summary of 6 pages for the course Supply Chain Management at UM

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  • April 27, 2014
  • 6
  • 2013/2014
  • Summary
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supply management: the broad set of activities carried out by organizations to analyze sourcing
opportunities / develop sourcing strategies / select suppliers / carry out all the activities
required to produce goods / services




7.1 Why Supply Management is Critical
- supply management (also: sourcing / purchasing): has always been an important, if under-appreciated,
function in many business

- several factors working together (e.g. global sourcing, financial impact and performance impact of
sourcing decisions)



Global Sourcing
- firms do not compete only against global competitors but against their competitors' s.c.

- managers have come to realize that to compete globally, companies need to source globally

- advances in information systems have served as a catalyst for global sourcing efforts

- companies can share anticipated requirements with key suppliers around the clock, allowing suppliers
to plan their activities accordingly



F i n a n c i a l I m p a c t a n d Pe r f o r m a n c e I m p a c t
- nearly 53% of the value of shipment comes from material at an average manufacturer

- cost is not the only considerations

- purchased goods / services can have a major effect on other performance dimensions, including
quality and delivery performance




7.2 The Strategic Sourcing Process
- strategic sourcing process contains of six steps (g Figure 1):


(1) (2) (3) (4) (5) (6)
Screen
Profile Develop Suppliers & Conduct Negotiate &
Asses
internally & the Sourcing Create Supplier Implement
Opportunities
Externally Strategy Selection Selection Agreements
Criteria



Figure 1: The Six Steps of the Strategic Sourcing Process

- 82
82 - Jannis Mertens

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