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Understanding the True Cost of Sourcing
In today's twenty-first century, global outsourced business world, the traditional and somewhat simplistic approaches used to measure cost for sourcing

sourcing definition  the True Cost of Sourcing The Shortcomings of Traditional Procurement In today's twenty-first century, global outsourced business world, the traditional and somewhat simplistic approaches used to measure cost for sourcing decisions of direct materials fall short. Procurement history is laden with penny-wise, pound-foolish decisions where the low cost supplier ultimately costs tens or hundreds of millions in lost revenue, lost market share, expedite fees, or write-offs. This goes beyond total landed cost Read More
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Documents related to » sourcing definition


Outcome Sourcing in the Outcome Economy
The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer

sourcing definition  Sourcing in the Outcome Economy Introduction One of the most important developments in supplier relationships is outcome sourcing—moving from buying things to buying results or outcomes. This concept is expressed in the quote attributed to the president of Stanley Tools, Our customers want holes, not drills. What is new is the actual practical application and methods for achieving it. Performance-based Logistics The US Department of Defense (DoD) is moving toward a form of outcome sourcing. Read More
Product Note: NGC's Fashion PLM and Sourcing Solutions
NGC e-PLM and e-SPS are NGC’s offerings in product lifecycle management and sourcing for the fashion industry. This product note analyzes the strengths and

sourcing definition  The company provides global sourcing visibility, PLM, enterprise resource planning (ERP), and shop floor control systems to brands, importers, and retailers. NGC is headquartered in Miami, Florida (US), with offices in New York, New York (US); Los Angeles, California (US); China; India; Mexico; and El Salvador. As a wholly owned subsidiary of American Software Inc. (NASDAQ: AMSWA), NGC does not report its earnings separately. However, in a press release dated September 2, 2009, American Software reported Read More
No One Said Sourcing Overseas Would Be Easy
The many challenges and risks that retailers face when sourcing globally could be mitigated with the right software tools. Yet the sad fact is that few

sourcing definition  One Said Sourcing Overseas Would Be Easy For all the reasons detailed in The Anatomy of Retail Sourcing Processes , the issue of how to achieve more transparent and cohesive sourcing processes has become a frontline concern for many retailers, driven by boardroom directives to boost margins through the direct sourcing of lower priced international products. For more information and background, please see The Blessing and Curse of Global Sourcing and Supplier Management , Distinctions and Benefits of Read More
Are PLM and Global Sourcing Related? Duh, And How! (Part I)
A number of TEC blog posts have discussed benefits but also the inevitable caveats of white papers (including all too common vendors' self-serving marketing

sourcing definition  PLM and Global Sourcing Related? Duh, And How! (Part I) A number of TEC blog posts have discussed benefits but also the inevitable caveats of white papers (including all too common vendors' self-serving marketing fluff and buzzword verbiage ), and about their (un)intended audiences . These posts have even caused some heated debates with other blogging sites and experts on white papers , and I am going to stay away from all that here. My intention here is rather to acknowledge that, as part of my daily Read More
Measuring the Supply Chain Outside Your Enterprise
Since supply chains, by definition, are about the end-to-end inter-enterprise process, we highlight the growing importance of looking outside your four walls

sourcing definition  given the degree of outsourcing in the electronics industry, in many cases the total lead time can stretch over 25 weeks (or 6 months) across the entire supply chain. Second, short product life cycles (constantly improving mega-pixel capability) meant that CCD procurement decisions cascaded downstream and had a significant impact on product mix decisions and promotion campaigns. (Try guessing 6 months before Christmas which camera model spec is going to be hot and how many will sell.) This elevates the Read More
Supplier Relationship Management (SRM) RFI/RFP Template
Design, Sourcing, Procurement, Fulfillment, Manufacturing, Settlement, Utilities, Infrastructure, Product Technology

sourcing definition  (SRM) RFI/RFP Template Design, Sourcing, Procurement, Fulfillment, Manufacturing, Settlement, Utilities, Infrastructure, Product Technology Read More
Employee Onboarding: An HR Technology Seeking a Definition
A commonsense approach to defining an onboarding initiative starts with the company defining its objectives, prioritizing its goals, and carefully evaluating

sourcing definition  Onboarding: An HR Technology Seeking a Definition A commonsense approach to defining an onboarding initiative starts with the company defining its objectives, prioritizing its goals, and carefully evaluating the options. When considering human resources technology specifically designed with the onboarding process in mind, you should focus on the flexibility of the onboarding solution options. Learn more about managing employee onboarding with an automated solution. Read More
TradeStone Software Delivers Omni-costing Capabilities
TradeStone Software, a provider of merchandise lifecycle management (MLM) solutions that unify the design, sourcing, ordering, and delivery of retail goods, has

sourcing definition  and vertically integrated retailers. Sourcing and costing capabilities have long been TradeStone’s market differentiators. The vendor has always provided a detailed BOM and a dynamic what-if costing engine that estimates landed cost by factoring in all of the supply chain constraints, such as freight, duty, and tax. In this way, the buyer can determine a true margin—some customers have reportedly realized 50 -250 basis points in decimal improvements just by understanding an accurate landed cost and Read More
AspenTech Searching for Definition in FY2000
Founded in 1981 as a developer of computer-aided chemical engineering software, Aspen's growth has resulted in a wide variety of applications for management and

sourcing definition  Searching for Definition in FY2000 AspenTech Searching for Definition in FY2000 S. McVey - September 1st, 1999 Vendor Summary Founded in 1981 as a developer of computer-aided chemical engineering software, Aspen's growth has resulted in a wide variety of applications for management and execution-level process manufacturing. Aspen's product suites are targeted broadly at design, operational control, and, with the acquisition of Chesapeake Decision Science's MIMI, supply chain management. Aspen has Read More
The 'Joy' Of Enterprise Systems Implementations Part 4: User Recommendations
System integration service provider selections and project planning should involve the same amount of due diligence as business IT strategy definition and

sourcing definition  'Joy' Of Enterprise Systems Implementations Part 4: User Recommendations The 'Joy' Of Enterprise Systems Implementations Part 4: User Recommendations P.J. Jakovljevic - July 12, 2002 Executive Summary What has long been a general feeling based on rumors, news headlines and some casual survey reports hidden within analyst houses' vaults and largely inaccessible to mass audience owing to exorbitant subscription fees, has recently been confirmed in a more tangible manner. Namely, many major companies are Read More
The Anatomy of Retail Sourcing Processes
The most successful retailers are those that continually focus on driving the very best performance from each of their suppliers, and that work collaboratively

sourcing definition  Anatomy of Retail Sourcing Processes The potential benefits of global sourcing and supplier management that have been discussed for retailers in this series so far are not that easily achieved across the board. To recap, these benefits can be seen both at the top line and at the bottom line. At the top line, benefits include growth of private label business, faster time-to-market, better product availability and fewer stockouts, more competitive offerings and improved customer value, and broader access Read More
Engineer-to-Order (ETO ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help

sourcing definition  to-Order (ETO ERP) The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes Read More
The Intricacies of Global Retail Sourcing
Retailers should aim at curbing traditional firefighting practices in favor of productive planning and collaboration with customers. Retailers must take steps

sourcing definition  Intricacies of Global Retail Sourcing Dealing with Conflicting Objectives A few major (and often conflicting) objectives have been driving retailers to turn to information technology (IT) to streamline their sourcing and logistics processes. One objective is the pursuit of lower prices, which often involves excessively extended supply chains to remote, lower cost regions. The other is the quest to shorten cycle times, which is essential—but so is having quality control to ensure that companies get Read More

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