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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

strategic sourcing definition  landed cost calculations and strategic sourcing metrics. Firms that fail to evolve their method of calculating total cost will find themselves with an increasingly uncompetitive and profit-eating total cost structure. Before the advent of strategic sourcing, procurement focused primarily on material cost, usually with some consideration of transportation costs. As companies moved from vertically integrated business models to virtual integration (increased out-sourcing, design, and build responsibilities Read More...
Discrete Manufacturing (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 or...
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Documents related to » strategic sourcing definition


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

strategic sourcing definition  Distinctions and Benefits of Strategic Sourcing , The Promise (and Complexities) of Private Labels , and The Anatomy of Retail Sourcing Processes . The sad fact is that few information technology (IT) systems fully support the complexities and unique requirements of global trade. Many outmoded sourcing programs (some of which are part of traditional enterprise resource planning [ERP] and accounting systems) have not been designed to factor in currency fluctuations, customs duties, or additional bank Read More...
The Advanced Sourcing and Negotiation Benchmark Report
The wave of e-sourcing that began a decade ago resembled a “crash diet:” it had an immediate and noticeable effect on enterprises. Today’s challenge is to

strategic sourcing definition  realized ) Utilize a formal strategic sourcing process on 43% of their total spend Utilize e-sourcing across 20% of their total spend Employ advanced sourcing strategies on 15 to 40% of their sourcing initiatives Considering the benefits seen by the average e-sourcing program, it is surprising that a full 36% of this benchmark's respondents (and 20% of all large enterprises) fail to utilize any level of e-sourcing. Implications & Analysis Best in Class enterprises use formal strategic sourcing and Read More...
Procurement: A Strategic Lever for Bottom-line Improvement
Companies are successfully realizing benefits from their procurement initiatives, and viewing procurement as an integral part of their overall corporate

strategic sourcing definition  power. Some companies conduct strategic sourcing initiatives but may fail to implement a procurement system to facilitate compliance. While other companies may be leveraging the latest procurement technology only to realize that they don’t have the tools or resources to enable suppliers and manage catalog content. A comprehensive approach focused on the highest value opportunities will have the largest benefit on a company’s overall bottom line. So how can a company effectively achieve measurable and 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

strategic sourcing definition  In fact, given that strategic sourcing software vendors like Emptoris offer supplier evaluation and selection tools based on the multi-attribute utility theory quite like our eBestMatch software selection tool does, maybe this could be good food for the thought for TEC's business development folks? But, enough shameless plugging of our selection and decision-making capabilities... From Whence Came the Findings? Back to the main premise of this blog post. More than 800 individuals, predominantly senior 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

strategic sourcing definition   Read More...
Strategic Planning Applications for Better Decision Making
Successful strategic planning relies on your ability to develop and evaluate alternative strategies to identify the most viable approach. But when the outcomes

strategic sourcing definition  Better Decision Making Successful strategic planning relies on your ability to develop and evaluate alternative strategies to identify the most viable approach. But when the outcomes are dependent on complex systems that are difficult to predict, you might conclude that the unknowns are insurmountable. Avoid making decisions based on intuition—develop models using computer simulation for clearer pictures of the outcomes of your strategies. Read More...
Getting Strategic Planning and Financial Planning in the Same Bailiwick
To provide useful financial insight on projects, financial managers need to think about business strategy more like a series of options than a single projected

strategic sourcing definition  Strategic Planning and Financial Planning in the Same Bailiwick By partnering with operations on balanced scorecard initiatives, financial managers are helping their companies focus on critical business processes and gain consensus on the critical set of measures to help drive desired business results. In addition, with the explosion of Enterprise Resource Planning (ERP) and e-Commerce systems, financial executives are leading the charge in going from theory to practice by developing a cascading Read More...
Revionics and Nielsen Form Global Strategic Alliance
Revionics, Inc., a provider of merchandise optimization solutions, and Nielsen Holdings, N.V., a global provider of information and insights into what consumers

strategic sourcing definition  and Nielsen Form Global Strategic Alliance Revionics, Inc. , a provider of merchandise optimization solutions, and Nielsen Holdings, N.V. , a global provider of information and insights into what consumers watch and buy, have  signed a multi-year global strategic alliance agreement . The combination of best-in-class competitive market insights with proven demand-based science and predictive analytics should help retailers answer critical questions such as whether their prices are competitive, what the Read More...
Strategic Workforce Planning: Winning Scenarios for Uncertain Times
Workforce planning—systematically aligning business strategy, human capital strategy, and budgets to ensure that talent with the right skills is in place to

strategic sourcing definition  Workforce Planning: Winning Scenarios for Uncertain Times Workforce planning—systematically aligning business strategy, human capital strategy, and budgets to ensure that talent with the right skills is in place to support anticipated and unanticipated business scenarios— is a hot topic for companies today. This report outlines the strategies processes, tools, and capabilities that organizations are putting in place to achieve the greatest returns on workforce planning efforts. Read More...
IP Telephony: Project Definition Guide
You’ve determined the business rationale for embracing Internet protocol (IP) telephony as a strategy. Now it’s worth investing time in the project definition

strategic sourcing definition   Read More...
The Strategic Importance of Asset Management Part One: Changing Attitudes
This note is intended to provoke thought regarding some of the dramatic incidents that occurred in the field of asset management in 2003, as well as address

strategic sourcing definition  Strategic Importance of Asset Management Part One: Changing Attitudes Introduction As a result of a handful of events, 2003 has been a benchmark year in the discipline of asset management, the implications of which are reverberating around the world. All of these events were, in some manner, due to a failure of physical assets. The Colombia Space Shuttle disaster The New York blackout, the London blackout, and the blackout in Italy Six people, responsible for the management and maintenance of the rail Read More...
Total Cost of Goods Shipped: A Guide to Better Sourcing Decisions
To increase profits, companies are searching for ways to reduce costs or sell more at the highest possible price. Many companies are turning to imported goods

strategic sourcing definition  Cost of Goods Shipped: A Guide to Better Sourcing Decisions To increase profits, companies are searching for ways to reduce costs or sell more at the highest possible price. Many companies are turning to imported goods and materials due to lower manufacturing costs, but this can involve many hidden costs. In this paper, PM War Stories and Pronto Software examines how to effectively track the total cost of goods shipped to aid executives in making faster, better sourcing decisions. Read More...
Computer Associates, Baan Japan and EXE Announce Strategic Alliance to Provide Total Supply Chain Management Solutions
On October 4, Computer Associates International, Inc. (CA), Baan Japan, and EXE Inc. announced a strategic alliance designed to enable Japanese companies to

strategic sourcing definition  Japan and EXE Announce Strategic Alliance to Provide Total Supply Chain Management Solutions Event Summary On October 4, Computer Associates International, Inc. (CA), Baan Japan, and EXE Inc. announced a strategic alliance designed to enable Japanese companies to create total solutions for the rapidly growing supply chain management (SCM) field. The companies will jointly market the new solutions, which will be built on Unicenter TNG, CA's industry-leading enterprise management software. The new SCM Read More...
Social Networking in the Business World: A Strategic Approach
Is a total ban on workplace social networking a good idea? Companies should take more calculating points of view and look at how to turn the negative effects of

strategic sourcing definition  the Business World: A Strategic Approach Is a total ban on workplace social networking a good idea? Companies should take more calculating points of view and look at how to turn the negative effects of social networking into positive effects. Employers can manage employee social networking to maximize the positives. The strategy combines employee education, well-thought-out acceptable use policies (AUPs), and—critically—effective Web filtering technology. Read More...

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