will post
traits of procurement leaders
Collaborating internally and externally
Acting as a role model
Delivering results
Shaping and influencing future successful strategies
Creating alignment across the organizations
Pioneering change and inspiring others
Identifying and optimizing talent
Investing in innovation
Disrupting the execution of business plans or projects to drive more value from resources
Leading digital and analytical transformation
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Global sourcing issues
Risk
Supply chain disruption
Risk mediation
Regulations
Standards and quotas
Global terrorism
Customer service
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Supplier relationship management
Sourcing becomes more complex as the amount of unique raw materials, ingredients, parts, components, connectors, apparatus, products, equipment, suppliers, and services increases and the number of buyers involved in the decisions expands
Total value perspective is a way of evaluating suppliers in a sourcing situation to determine which supplier is likely to provide the highest total value to the firm
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Purchasing versus procurement
Purchasing generally refers to the actual buying of materials and those activities associated with the buying process
Procurement is broader in scope and includes purchasing, traffic, warehousing, and receiving inbound materials
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Purchasing versus procurement
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5
Digital technologies in
purchasing and procurement
Mature Technologies
Cognitive computing and artificial intelligence
Intelligent content extraction
Predictive and advanced analytics
Virtualization
Collaboration networks
Crowdsourcing
3-D printing
Robotics
Emerging Technologies
Blockchain
Sensors and wearables
Cyber tracking
Virtual reality and spatial analytics
Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.
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Forms of e-sourcing
Buying/RTP applications
Supplier catalogue sites
Electronic marketplaces
Reverse auctions
e-RFX
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Developing Sourcing metrics
The process being measured must be mapped
Strategic sourcing objectives need to be established
Costs for each of the sourcing objectives need to be established based on the achievement of stated performance goals
All the metrics need to be merged into a common framework which can then be evaluated as a whole
Copyright © 2020 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill.
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