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Direct Sourcing Case Study
Direct Sourcing We will continue to post job notifications to various websites such as
workopolis.com, and jobzilla.com., however,. our company will take a more active approach to the
hiring process by direct sourcing. We will pay a premium amount to hiring websites which will
allow us to view resumes by persons who are not actively seeking work or who may have not
applied for a job within the company, but are qualified for the position. This will also allow us to
have control over which candidates are viewed and considered. Employer Branding To increase our
recruitment, the company will began a campaign to promote positive employer branding. We will do
this by hosting yearly coding events, inviting high school and university students to compete ...
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To do this we will post many of our job vacancies to an in–house job posting site which will also
add to our positive employee branding by showing that an individual has the ability to learn and
grow within the company, and to not only move laterally, but to move up as well. This will also help
to curb unrealistic expectations because our employees already know about the job and
responsibilities, as well as our company, so they know what is expected. Who is MRSD looking for?
In 2014, women made up only 15% of the software engineering workforce (Government of Canada,
2015, p.6). As such Mount Royal Software Development is looking to hire more women. To do so
we have developed a benefits package which we have designed to be appealing to new and future
mothers. Potential Barriers There are some barriers in our hiring process that need to be assessed.
The main barrier is geographical; while many new hires are willing to relocate to Calgary where our
home office is, some recruits may not be able to. In order to accommodate them we offer remote
work options to eligible employees after they have passed the 3 month probationary
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How Should Reverse Auction Fit Into An Overall Procurement...
How Should Reverse Auction fit into an Overall Procurement Strategy?
It is quite challenging to discuss about procurement management without stating the importance of
its strategies. There are four main basic procurement strategies that serve different functions within a
procurement management. To begin with, a "Partnership" strategy focuses mainly on constructing
mutual commitment in long term relationship with suppliers. While a "Secure Supply" strategy aims
to secure short and long term supply while reducing risk from suppliers. In addition, a "Category
Management and E–Procurement solutions" serves as a tool to reduce logistic complexity, improve
operational efficiency, and attempts to reduce the number of suppliers. Lastly, a "Competive
Bidding" strategy emphasizes on obtaining the "Best Deal" for short term transactions with
suppliers.(van weele) Each of these four strategies involves a unique purchasing methodology,
which implies that the complexity is embedded in an individual strategic implication. Therefore, it
requires different tools to accomplish the specific strategical characteristics. A business entity may
need to support and execute procurement decisions with other strategic apparatus with analytical
methods, including market analysis, uncertainty analysis, price forecasting, supplier relationship and
along with others.(Harvard) Due to the fact that procurement strategies are the focal point in the
planning stage of all business firms and is a vital
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What Is Sourcing Talent
Sourcing talent is another important part of the overall recruitment process. It involves sourcing out
the right candidate for the positon and includes testing evaluations, personality and professional
references, and work history. Most human resource recruiting agents will be sourcing talent to make
sure the right person is selected. During the process of sourcing talent identifying and locating high
potential recruits, either internally or externally will involve the analysis of these sourcing tools to
identify those best able to meet the firms staffing goals. Perhaps the most important component in
sourcing talent is to create a source plan to profile desirable employees, and then devise a plan to
reach them. Using surveys or focus groups, ask where do they like to go, what media do they use,
what organizations do they belong to, and what events do they attend? What web sites and other
sources would they use if they were to look for another job? How did they first learn of their first
job in your firm? (Strategic Staffing Jean M. Phillips and Stanley M. Gully). Secondly, recruiting
based on assessment tests can also identify new hires developmental needs. Top candidate
assessment scores can show attributes like organization and time management skills and desirable
personality traits. Some assessment ... Show more content on Helpwriting.net ...
How many years this person has stayed in a job what certificates gain during this time also
recognition as well within the company while working there. The stronger your qualifications are
the higher the chances you get selected for the positon. It is very critical that everything is on the
clear as far as work history personal and management references job performance a must. Make sure
you have the necessary experience and education and past job duties qualifies for the job applying
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Apple Sourcing Analysis
The Sourcing Plan Rafdahl (2014) believed that strategic sourcing is critical for a business to remain
competitive. Apart from this, it is through sourcing plan that a company is able to sustain its future
growth potential. Relative to this assertion, it is vital for Apple Inc. to align its procurement
processes and supplier choices not only with the demands of its consumers but also the demands of
business in general. Rafdahl (2014) provided 7 steps for a company to maximize its sourcing effort.
Apple Inc. can consider this step by step process to meet future demands. 1. Initial Spend Analysis.
In this step, Rafdahl (2014) mentioned that there is a need to review and classify the expenses of the
company. This should be done by category. For ... Show more content on Helpwriting.net ...
Market Analysis. Rafdahl (2014) asserted that companies should have a list not only of incumbent
suppliers, but also potential alternative ones. In line with this assertion, it is significant for Apple
Inc. to know suppliers which have good service reputations. Further, the company must also
determine what the suppliers can offer, such as its expertise to meet Apple's high standard and its
ability to fulfill both the present and future needs. Apart from these, the suppliers should
consistently deliver quality products and services, and promote ideas and products that would
advance Apple's competitiveness, profitability, and success. 4. Strategy. Although Apple's strategy is
already commendable, it is necessary for the company to develop strategies to meet the changing
conditions of business. Rafdahl (2014) believed that in doing so, it should consider the collaborative
efforts it must undertake together with its suppliers to increase efficiencies and reduce costs. Further,
Apple must yearn to enhance its business' process so that its products are also improved.
Considerably, there is also a need for Apple to have inventory reduction and reengineer its products
to improve the company's efficiency and
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Strategic Sourcing Of A Supply Chain Management
Responsible Sourcing Before a supply chain manager can truly understand strategic sourcing, they
must have a good working knowledge of the purchasing and procurement processes, which I will
explain in detail later in my research. Strategic sourcing is an aspect of supply chain management
that is becoming more prevalent in the business world. Without strategic sourcing a firm will not
and cannot maximize the potential of its supply chain and altogether meet the company's overall
business goals. Responsible sourcing is a new way of thinking that is dedicated to building
responsible supply chain coalitions that value human rights and work standards across the world. As
we have seen and heard in the news media in recent years, many countries do not practice the same
standards of work, facilities, and personnel management that we do here in the United States.
American consumers and they have raised concern due to the scenes of children in sweat shops,
miners working in horrible conditions, and facilities that look as if though they should be
condemned and abandoned, housing hundreds of workers. This concern, hurts a company's bottom
line and therefore they have taken a proactive approach to ensuring that the product we receive and
use daily are being produced in a manner that does not violate our values.
Literary Review Dr. Sudhi Seshadri, is the author of Sourcing Strategy Principles, Policy and
Designs. The main objective of this book and research is to give the
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Stryker Corporation: in-Sourcing Pcbs
1. State the business case for option #3, the PCB In–sourcing proposal. What is the benefit? What is
the risk? How do you compare this proposal to option #1 and #2?
Benefit:
a. Better performance in management, quality and delivery. When PCB is in–souring facility, the
management team of Stryker Corporation can directly control the production process, which is more
efficient and could obtain better quality in products. Secondly, when the production of PCB is in–
sourcing, it will be much easier for Stryker Corporation to make a delivery plan of PCB. This will
considerably reduce the logistic losses.
b. More flexible in outputs. Under current sourcing, the flexibility of PCB's outputs depends on the
frequency of order, resulting ... Show more content on Helpwriting.net ...
Even that manufacturer is able to maintain a low supply; it will take long time for Stryker
Corporation to strengthen it by increased business and partnership. For the long run, everything is
precarious.
c. Comparing these two options above, option 3 is much more reliable. Having an in–sourcing
facility will bring more flexibility as we mentioned before. With a developed in–sourcing proposal,
there are a lot of detail estimations about the Option 3. It's easier for Stryker Corporation to
implement this plan step by step.
2. Use the projections provided in the case to compute the incremental cash flows for the PCB
project. Provide a reasonable estimate for cash flows after 2009 as well.
The explanations and details are presented in "640 case appendix". There are 4 explanations on how
to predict the data after 2009 as below:
a. Decrease in purchases from contract manufacturers:
Setting up the new project will gradually bring more free cash flow to the corporate. However, at the
very beginning, the corporate must continue buying products from the former suppliers. The
company stopped purchasing PCB from out–sourcing in 2006. Therefore, it is reasonable to suppose
that Stryker will not buy PCBs from contract manufacturers anymore.
Through linear regression, we use Least Square Method to predict the "Projected PCB purchases
under current sourcing" in
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E Sourcing at Sun Microsystem
rP os t
CASE: OIT–34
DATE: 03/25/04
ESOURCING STRATEGY AT SUN MICROSYSTEMS
Introduction
op yo In May 2000, Sonia Syngal, director of procurement strategy and supplier relations at Sun
Microsystems, needed to make a critical decision. Under Sonia's leadership, the company had just
completed its first "dynamic bidding" pilot tests and as a result, cut its sourcing costs by 30 percent.
Given these results, the potential for cost cutting via the implementation of a dynamic bidding
system on a widespread scale at Sun was enormous; on an annual basis, the company was currently
spending about $9 billion in direct materials procurement.
No
tC
While the potential to significantly cut costs was clear, Sonia had several ... Show more content on
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Sonia reported directly to Kevin Caroll, and led a 35–person team responsible for the development
of
Sun's procurement strategy. (Exhibits 1) Sonia was responsible for driving an overall strategy behind
the procurement of all of Sun's direct materials. She was also responsible for delivering key
technological tools that would support Sun's overall procurement process and the activities of Sun's
global commodity directors. (Exhibit 2) According to Sonia, "My goal is to have Sun be the best–
in–class in supplier management compared to any metric. It is my job to ensure that we have
alignment and communication around our strategy and to implement key programs that will allow us
to maintain our number–one position as the top provider of products, technologies and services for
enabling the Networked economy."
tC
GLOBAL COMMODITY DIRECTORS
No
Sonia worked closely with Sun's five global commodity directors (GCDs), who also reported to
Kevin Carroll. The GCDs had purchasing responsibility for one or more of Sun's commodity areas,
which included ASICs, cables, drives, memory, displays, enclosures, printed circuit boards/FABs,
power supplies, and storage software. (Exhibit 3) Each GCD was responsible for the development
and
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Procurement Strategies
Procurement Strategies Review Competition is fierce in today's world and a business must work
smarter versus harder. Many big name chain stores have achieved success but none like that of Wal–
Mart. The following is a review of the Wal–Mart customer and his or her expectations of its
procurement process. An additional review of how these expectations affect Wal–Mart's strategies,
policies, and procedures at both the domestic and global level is also included.
Customers
Internal "An internal customer is anyone you count on or rely upon to complete a task or a function
or to provide you with information so that you can get your job done... and anyone who counts on
you to complete a task or function or to provide them with information so ... Show more content on
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Wal–Mart had a contract with a third party procurement firm in Asia. The firm used suppliers that
would mark–up merchandise and resell that merchandise to Wal–Mart. The company has reduced
costs, lead times, and eliminated the middleman mark–ups. In 2002, Wal–Mart began to buy directly
from the manufacturer to procure a better price. According to Stundza, (2006), " Wal–Mart has
global procurement and supplier alignment teams responsible for identifying new suppliers,
sourcing new products, building partnerships with existing suppliers, and managing the global
supply chain of Wal–Mart's direct imports."
Figure 1: Wal–Mart's Procurement Process Conclusion Wal–Mart is the leader in its industry and
continues to grow in popularity among the consumer. The reason for its growth in popularity is its
promise to deliver quality products at low prices. Wal–Mart can influence its suppliers in a way that
ensures a low price on the products it sells. Wal–Mart expects its suppliers to follow its lead in
giving the customer what he or she expects and will continue to grow in consumer popularity as a
result.
References
Earl, D., (2004). What is internal customer service? Donna Earl Training, Retrieved from
http://www.donnaearltraining.com/Articles/internalCustomerService
Kaufman, L. (2009, August 11). Wal–Mart 's Backward Business Revolution. Forbes.com. Retrieved
from
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IT Sourcing Essay
Business Transformation by way of IT Sourcing?
Overview
Do I think IT sourcing can be a transformative agent? Absolutely. Should IT sourcing be used as a
transformative agent? Not only do I reply in the affirmative, I'd go so far as to say that IT sourcing,
where applies, is the key to successful business transformation.
We have got to ask ourselves this question first – why do companies outsource? The bigger they are,
the more likely they are to be geographically distributed. The more distributed they are, the more
likely they are to outsource their IT requirements. The reasons are simple – local vendors, like
Cognizant Technology Solutions or Tata Consultancy Services in India, are established players,
incorporate industry wide best practices, operate on a large scale (which is exactly what the client
company seek to achieve), possess expertise in varied technology domains and have stellar
reputations for delivering quality IT services. More importantly, they offer cost reduction and
efficient technology management.
However there has been a subtle but steady shift in end user preferences that renders the traditional
outsourcing models redundant. Clients can no longer afford to be satisfied with just reducing their
costs. To stay competitive in this increasingly dynamic environment, to retain their user base and
market share, companies are now looking to their sourcing vendor partners to innovate and provide
technology enabled business transformation [1].
Next logical
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What Is Your Experience As An Rpo Provider?
What is your experience as an RPO provider?
ACA Talent has operated in the RPO space since 2004. Since then, we've partnered with many
global brands on a variety of long–term and project–based recruitment initiatives. Each solution is
highly customizable based on the client's goals and benchmarked to ensure success.
Our project–based, seasonal RPO solutions are designed for companies experiencing peaks and
valleys in hiring throughout the year.
We dedicate a team to the client's account and build scalability into the model to allow for
fluctuations in recruitment needs. By mapping out the recruitment process, identifying best
practices, and implementing efficiency improvements, we help clients achieve headcount goals
rapidly and within ... Show more content on Helpwriting.net ...
With a specialty in sales recruitment, ACA Talent has recruited sales professionals at all levels; the
firm is well–versed in building high volume recruitment programs targeting entry–level hires.
In 2015, ACA Talent partnered with one of the leaders in mobile display technologies to recruit field
technicians, who were stationed at big box locations and tasked with assisting customers for the
company's clients, who are major electronics brands. This was the second project ACA Talent
partnered with this client on, and the partnership was driven by our past success with their company.
This time, the client needed to fill 170 positions in five weeks. Field technicians needed experience
in structured cabling, car stereo installations, home theater, or home automation. They also needed
to be able to deliver a positive customer experience in addition to installing, repairing, and
maintaining high–end electronics.
To meet the client's headcount and timeline objectives, ACA Talent developed a front–end
recruitment model focused on recruiting, qualifying, and driving candidate volume. ACA Talent
dedicated a team of three recruiters and an account manager. ACA Talent utilized its own extensive
database of talent, social media, postings, and outreach to build a strong talent pipeline. Candidates
were interviewed to assess hard skill sets; behavioral–based interviews helped qualify soft skill sets,
such as time–management and customer service
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Sourcing In America
International sell and purchase has provided tremendous growth for countries. There are advantages
and disadvantages to sourcing overseas. Some of the common advantages to out sourcing overseas
are low manufacturing cost and expertise of products (importcrashcourse.com). The disadvantages
are language barriers, shipping time, as well as quality of products in some cases. Americans have
found comfort in everyday life regarding products that were made in other countries. If Americans
were to suddenly not be able to purchase products overseas they may find themselves at a lost for
living a typical lifestyle.
On a large scale it is typical to think of cars when first thinking of products that were not made in
America. However, American society has products they use on a daily basis that are made overseas,
such as the Apple iPhone. While the iPhone was designed in America, the manufacturing is out–
sourced to China, Korea, Taiwan and Mongolio (entrepreneur.com). There has been discussions
regarding moving the manufacturing to the United States (US). However, the cost is a great concern,
and has been the delay in the discussion to move forward with this idea. Subsequently, like the
iPhone other products currently made in other countries will cause the same concerns ... Show more
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Unfortunately, there are many disadvantages to this idea. Considering the pricing to manufacturer
products as well as wages for labor will be the downfall for society. Often times the reason
companies out–source labor and products are due to cheaper wages as well as parts. Having a
company that has multilingual workers that's educated and willing to work for a lower pay than
Americans allows for a greater profitability for a company. The workers as well as the rent for
facilities are undeniably cheaper (smallbusiness.com). Therefore, the majority of products sold in
the US are made in other
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Attending The Ethical Sourcing Forum
Attending the Ethical Sourcing Forum hosted by Intertek in March 2012, Bob Willard, author of The
New Sustainability Advantage: Seven Business Case Benefits of a Triple Bottom Line (2012),
explained in interview that the business case for ethical sourcing is compelling : the certain
prospects of acquiring new market shares, an exponential efficency in material/water/energy and
profits going over the top. In his book he even brings up the potential of a triple bottom line for any
company who makes the choice of a sustainable supply chain. What's not to adopt in this money
making scenario? He asserts that it could be explained by the lack of "pressure put on firms by their
major stakeholders" in that regard, pressure destined to increase ... Show more content on
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They also insure that the sole purpose of the facilities and the workforce is to fill M&S'orders. – A
third–party regularly assesses compliance to the Global Sourcing Principles throughout the supply
chain – M&S rewards complying suppliers who promote continual improvement with the
opportunity of co–development and long–term relationship advantages (training, share expertise and
information...) – M&S sanctions suppliers who do not follow in the path of corporate social
responsiblity Finally, M&S has committed since 2007 to a total transparency about its 180–points
plan to reach ethical and economic results through annual reports of their advancements and results
(M&S 2015). Transforming a supply chain into a sustainable network is not an easy thing to do.
Amongst the existing obstacles that Johnson (2004) gives us is the considerable size of this network:
all along the differents ranks of suppliers that constitute the upstream of the chain, it is very hard to
track the original source of the material and to broadcast best practices all accross that path.
Furthermore, the lack of legal framework for labor conditions and environment preservation in
developing countries makes it the more difficult to enforce
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Disadvantages Of Package Sourcing
Introduction V.F. Corporation (VF) designs, manufactures, distributes and markets lifestyle apparel,
footwear, and accessories. The company offers jeanswear, outdoor and action sports clothing,
imagewear, sportswear and contemporary brands. The company markets its products under famous
brands namely, the North Face, Wrangler, Timberland, Vans, Lee, and Nautica, among others. It sells
its products to specialty stores, department stores, national chains and mass merchants, as well as
through direct–to–consumer channel consisting of VF operated stores and internet sites. What are
the characteristics of different sourcing arrangements? By 2004, VF utilized two basic types of
sourcing arrangements with their suppliers. First, the "cut and make" contracts, wherein VF would
have separate contracts for suppliers at individual stages in the production process. This
arrangement was applied in legacy products based out of Mexico and the Caribbean and managed in
conjunction with internal manufacturing. VF also uses a "package sourcing" model in production
where a single supplier is responsible for the entire garment, from raw material procurement to
packaging and shipping finished goods to the market. "Package sourcing" has the benefit of low
cost, as companies can choose between various suppliers all over the globe based on economic
factors, such as labor and transportation costs, and trade quota or tariff considerations to get the
cheapest price for finished goods. It also allows VF
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Ikea Global Sourcing Challenge
IKEA's GLOBAL SOURCING CHALLENGE EXECUTIVE SUMMARY The IKEA Group, one of
the world's top furniture retailers, has emerged as the fastest–growing furniture retailer in the US. Its
unique business strategy has given it its strengths for its success today. However, like all strategies,
IKEA's strategy has its own flaws that can pose as weaknesses. IKEA also has a lot of opportunities
in the marketplace such as expansions of their company and threats such as competitors in the same
industry. Based on the case "IKEA's Global Sourcing Challenge: Indian Rugs and Child Labor (A)"
we will build a modified SWOT analysis that will assess the company's internal performance and
determine the current position it's facing, followed by ... Show more content on Helpwriting.net ...
The organization has mastered the art of doing business internationally and is considered to be one
of the strongest global entities in today's world. Although IKEA has succeeded on many levels,
leaving the competition far behind, there are a few possible threats the company may face in the
future while doing business: * With growing competitive retail markets in developing countries,
mainstream retailers such as IKEA, have to deal with possible competition from low–cost
economies * The regulatory environments across the globe vary and can affect how IKEA does
business and its product costs, especially the use of natural resources * Rising shipping prices
(IKEA's business concept is solely based on manufacturing in low–cost countries and shipping the
products over to its distribution centers) * Aging population of key shopper segments * The
slowdown in first time buyers entering the housing market (This is a core market segment for IKEA
products) * The recession slows down consumer spending and disposable income reduces * Rising
commodity prices STRATEGIC GAP = the difference between what IKEA is and what it wants to
be * The IKEA vision "To create a better everyday life for the many people." * The business idea
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Hyper Local Sourcing Essay
Hyper Local Sourcing Today people are trying to eat healthier and make better decisions. That can
be hard sometimes when you go out to eat, thats why restaurants are always trying to find better
ways to appeal to their customers. One way they are doing that is hyper local sourcing. That is food
that is grown and processed in the community or on site. It is becoming increasingly popular; some
places are even growing their own vegetables. It doesn't get much fresher than that. This new trend
can be good and bad for the restaurant. It may bring purchasing costs up, but it may also bring in
more customers. This is becoming more and more popular because people believe it is healthier, like
going organic. They like the fact that it helps out local farmers and growers, and that they ... Show
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It is the firt if its kind facility operated by solar power. "True Garden is the first high–tech
greenhouse in the U.S. capable of producing most cool season food crops year–round–even in the
scorching desert, where temperatures reach 120 degrees during the day and 90 degrees at night
during summer months" (Future Growing LLC). The founders of True Garden are Lisa and Troy
Albright. The facility re–circulates valuable water. True Garden uses 95% less water, 90% less
space, and no harmful chemical, pesticides, or herbicides like Roundup. It doesn't get much fresher
or hyperlocal than that. This new trend has many excited and many willing to try new things.
Consumers are ready for the change and ready to eat healthier. There are many benefits to growing
hyperlocal but there are also the downsides. This may also be like every other trend that comes and
goes. Hyperlocal isn't just farm local, its grown in house local. Many restaurants should look into
going hyperlocal, it could really benefit them. Everyone should want to eat healthier and fresher is
the way to
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An Understanding Of Global Sourcing And Recruiting
Global sourcing refers to sourcing employees across the world. This process requires developing,
implementing, planning, and evaluation staffing strategies on a worldwide basis in order to make
sure that organizations met their goals and objectives. Recruiting refers to an organization's
decisions and practices that affect the quantity or quality of candidates willing to apply or accept job
offers. Nowadays, organizations use the term "human capital" that makes executives realize that the
way they compete to recruit talents can make or fail their businesses. Moreover, the capacity to
source (identify) and recruit (attract is very advantageous). In my paper, I will discuss some
recruiting sources and sourcing methods, benefits and challenges. Global sourcing method has an
external sourcing option called "Outsourcing" that is said to be the best solution for recruiting.
Therefore, I will discuss what outsourcing is, its benefits and disadvantages. Approach (review) The
method I used for my paper aims to gather an understanding of global sourcing and recruiting. I
found articles and journals that mention recruiting sources organizations used for the hiring process.
Moreover, some reports also provide the benefits and challenges of global recruiting whatever the
country that recruit. From my research, I expect to understand what global sourcing and recruiting
are and apply these information in my professional life. Focus (review) My paper describes how to
make global
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Hr Sourcing Research Paper
HR Sourcing And How it effects Legislation According to Miller, buyers are outsourcing health
services at least 4 times the normal rate. In reality, outsourced benefits are about 5.4 billion annually.
The BAO market was powered over the years by employers seeking for help to comply with health
care reform according to Miller. This pushed organizations to outsource due to finding saving and
steering though the difficulties of the healthcare reform. All of this derived from the Patient
Protection and Affordable Care Act. This act was created to provide Americans with healthcare. The
healthcare reform played a major impact on outsourcing. It is essential to discover the impact of
health services and how it impacted HR sourcing. The 5c model ... Show more content on
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(2018, April 10). Health Care Reform Accelerates Benefits Outsourcing. Retrieved from
https://www.shrm.org/resourcesandtools/hr–topics/benefits/pages/benefitsoutsourcing.aspx Good, T.
(2016, June 16). The Advantages and Measures of Outsourcing in Healthcare | Datica Blog.
Retrieved from https://datica.com/blog/the–advantages–and–measures–of–outsourcing–in–
healthcare/ Mccloskey. (n.d.). Why Outsource Human Resources? Retrieved from
http://mccloskeypartners.com/wp/resources/why–outsource–human–resources/ (n.d.). Regulation of
Health Information Processing in an Outsourcing Environment. Retrieved from
http://library.ahima.org/doc?oid=59446#.WxSZWEgvxPY McFarlane, T. (2014, April 30). 4 Action
Steps to Help HR Leaders Navigate the Compliance Storm.
Retrieved from http://www.brandonhall.com/blogs/4–action–steps–to–help–hr–leaders–navigate–
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Advantages And Disadvantages Of Global Sourcing
Introduction: Global sourcing is the process of sourcing goods from international markets. It aims at
efficiencies of the international markets such as labor cost, cheaper raw material procurement, tax
break, economic factors, changing technology etc.
Advantages of Global Sourcing:
1. Learning how to do business successfully:
By global sourcing helps to acquire
2. Finding and developing alternate supplier:
Disadvantage of global sourcing
1. Hidden cost
2. Learning about different culture
Customer involvement in product customization has become greater trend for that outsourcing has
become core competence within the organization. Today outsourced product or commodity are
considered as developed components.
Unit procurement cost ... Show more content on Helpwriting.net ...
The emergence of system integrators offering multiple vendor solution is driven by their business
customer's demand for more complex integrated solution. The core driver of the latest form of the
global (ie., both onshore and offshore )outsourcing is the heightened organizational and
technological capacity of firm in decoupling and coordinating a network of remotely located
external suppliers performing an intricate set of activities ( Levy 2005).
In business to business marketing context the firms providing integrated solutions to their business
customer's by organizing their global internal and external activities because high demand for
complex integrated solution (Davies, Brady and Hobday 2007). After gaining valuable external
knowledge a firms need to use it absorptive capacity in exploiting externally generated knowledge
and there by transforming these knowledge and applying this knowledge to create firms value (Zara
and George 2002). The strategic fit perspective asserts that the environment and strategy interact in
a dynamic coalignment process and a match between them would exert a positive impact on
performance (Venkatraman and
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Crowd Sourcing
What is crowd sourcing? It is a free way of gaining knowledge from a large array of people. "Today,
crowdsourcing is used in investing, in creative work and in funding start up projects." (2014) Where
some may have knowledge of the topic and others may not. Crowd sourcing has grown with the help
of the internet allowing more people to interact with the companies or government agencies. With
the help of the internet people have begun to invent apps that are used for crowd sourcing.
In the world of advertising crowd sourcing has been around for years with the power of the internet
it has transformed into a business for the average person. The internet has transformed crowd
sourcing into a business for the individual as well as for the different advertising businesses or
government entity with the help of the internet. It gives an individual a chance to compete for the
different contests or jobs that marketing and advertising firms generally would have to develop
campaigns for or a chance to comment on a topic that they may have knowledge to help solve a
problem otherwise give advice.
When you look at the "Man's Best Friend "ad that was created for around twenty dollars and won
the ad campaign for Doritos. (2012) Which is huge to ... Show more content on Helpwriting.net ...
The company BP tried crowd sourcing after a huge oil spill in the Gulf of Mexico. (2010) It gave
them the idea that average people could come up with ideas to help them with resuming the flow of
oil when the ideas coming from in house were inadequate, they had in the neighborhood of twenty
thousand recommendations. Which some people feel is not crowd sourcing but community affairs. I
feel as though it is part of crowd sourcing and community relations as well for the people to feel like
they have made a contribution in solving the
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Swot Analysis : Global Marketing
1. Introduction Global competition causes shortened life cycle for most products and companies can
no longer take the polycentric approach to international business. If a company takes the polycentric
approach to a foreign market, a globally oriented competitor will overcome their initial competitive
advantages by blanketing the global markets with similar product in a short period of time. It is
imperative for companies to acquire capabilities to generate sustainable competitive advantages over
their competitors. How to source globally is a critical strategic plan influenced by the need to
compete. In highly competitive markets, manufacturers either produce in low–cost locations or
outsource their components from low–cost producers on ... Show more content on Helpwriting.net
...
Close coordination between R&D, manufacturing, and marketing activities across national
boundaries is a requirement for global sourcing strategy (Kotabe & Helsen, 2004, Chap. 10).
However there are always conflicts due to different objectives between R&D, manufacturing,
and marketing. Excessive product modification for the ever–changing customer needs will forsake
manufacturing efficiency and have negative cost effects, except for perfectly flexible computer
aided design and computer aided manufacturing facilities. CAD and CAM has improved
tremendously in recent years but the full benefit of flexible manufacturing still have a long way to
go. However in the case of excessive product standardization in order to lower manufacturing cost
will have negative effects on customer satisfaction. Innovative product designs and feature desired
by customer maybe a technological feat but might not be conducive to manufacturing. Product
design for manufacturability and product standardization has become important strategic issues. It is
imperative for companies to develop a sound sourcing strategy in order to exploit efficient
R&D, manufacturing, and marketing on global basis. Product designers, engineers, product
managers, purchasing manager, among others play important roles in corporate strategy
development. As for car manufacturing, Toyota's global sourcing
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Global Sourcing Benefits and Challenges for H&M
MO358 Strategic Supply Chain Management
Global Sourcing–
Benefits and challenges for H&M
Northumbria University, UK
Abstract
Global sourcing is a technique of strategic sourcing in the global strategy, which is an effective
approach as a part of organization's procurement section. The objective of global sourcing is to
develop global efficiencies in the delivery of a product or service for the firms achieving a
sustainable competitive advantage and this is an important weapon have been focused in the 21st
Century. The well–known organization, Hennes and Mauritz (H&M) is one of the largest
international fashion retail and production house with the great deal of businesses all over the world.
In the today's competitive market and ... Show more content on Helpwriting.net ...
The reason of the creating competitive pressure to firms is that which from the enhancing the quality
but decreasing the price synchronously. The key of success is that the firms and organizations which
treat "Global Sourcing" as a weapon fighting with its competitors.
"Global sourcing is defined as sourcing the technology, materials and components from sites and
supplies located throughout the world. It also means the integration and coordination of
requirements across worldwide business units" (Monczka & Trent, 1991, pp2–7).
Currently, the developing countries of Asian and Eastern is both of the main sourcing regions and
production providers to the world, these countries offers a great deal of low cost and skilled labours,
relatively low price raw material which creating the ideal
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Strategic Sourcing at China
Learning that lasts through AGES
Dr. Lila Davachi, Dr. Tobias Kiefer, Dr. David Rock and Lisa Rock
NeuroLeadershipjournal issue THREE 2010
The attached copy is furnished to the author for non–commercial research and education use,
including for instruction at the author's institution, sharing with colleagues and providing to
institutional administration.
Other uses, including reproduction and distribution, or selling or licensing copies, or posting to
personal, institutional or thirdparty websites are prohibited.
In most cases authors are permitted to post a version of the article to their personal website or
institutional repository. Authors requiring further information regarding the NeuroLeadership
journal's archiving and ... Show more content on Helpwriting.net ...
Yet our ability to absorb new ideas is not dissimilar to our capacity to absorb food: there are physical
limits to the digestion of both. To try to address this, more learning is being pushed to
'pre–work', in the hope that participants arrive at a training program already knowledgeable about
core ideas. This works only partially due to the mixed level of focus people give to a pre–reading.
Increased organizational change is increasing pressure on learning. Organizations are also
experimenting with just–in–time learning, delivered by managers rather than trainers.
The downside of this approach is that most managers are selected on their skill–set and are not
always optimal teachers. However, organizations consciously investing
1
© NeuroLeadership Institute 2010 For Permissions, email support@neuroleadership.org
Summary
Issue three 2010
In summary, learning managers are attempting to evolve their learning offerings to meet the changed
environment and needs. Yet, by and large, they are doing so based on guesswork, without a good
theory to inform their experimentation.
Learning means retrieving easily
© NeuroLeadership Institute 2010 For Permissions, email
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China Sourcing Agent Essay
How You Can Benefit By Working with a China Sourcing Agent (–– removed HTML ––) How You
Can Benefit By Working with a China Sourcing Agent (–– removed HTML ––)
The world has shrunk because of globalization, eroding national borders and greater access to digital
communications, but make no mistake: There are still many cultural differences, regionalisms and
misunderstandings. This is especially true in trade between China and the United States. Savvy
marketers and others doing business in China know that one of the most proactive solutions to
smooth trade is to work with an experienced China sourcing agent. It's possible to do your own
sourcing on Alibaba or Aliexpress, but the process is labor–intensive and prone to ... Show more
content on Helpwriting.net ...
There are more than 100 languages used in China, and many of these have regional and local
dialects so that standard translation software can't begin to translate all these variants consistently
and accurately. [1]. Mandarin was named the official language of the People's Republic of China on
October 31, 2000, but small operations scattered throughout the country's vast territory might have
missed the memo. (–– removed HTML ––) (–– removed HTML ––) (–– removed HTML ––) Get
Better Prices and Smaller Minimum Order Quantities (–– removed HTML ––)
The right agent can arrange a smaller order at better prices. You won't need to place a massive order
just to get cost breaks. Finding the right supplier can be very difficult for outsiders who aren't
familiar with China. Communication can become difficult, and assessing whether a given supplier is
ethical, capable and experienced enough to handle your order and deliver quality results can be
impossible for foreign managers with little or no experience in dealing with Chinese people and
companies. Some companies take advantage of new U.S. companies by setting very high minimum
order quantities, or MOQs. If the products in a large order are also of poor quality, the buyer could
easily get in trouble fast. (–– removed HTML ––)
(–– removed HTML ––) (–– removed HTML ––) Organize Product Customizations with Reasonable
MOQs (–– removed HTML ––)
Unfortunately, many Chinese companies won't customize
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Chinese Sourcing Quantization
(–– removed HTML ––) (–– removed HTML ––) Offer Drop–Shipping and Warehousing for Small
Quantities of Goods (–– removed HTML ––)
An experienced agent can arrange drop–shipping convenience so that orders can be sent directly
from Chinese companies to your customers. That means you won't need to warehouse, store and
manage inventory for these goods, which saves a lot of time and money.
Sourcing agents often own small warehouses that can be used to store small shipments until you
collect enough items to send in a large, more economical shipment. This is a benefit that's often
overlooked when dealing with a Chinese sourcing agent. (–– removed HTML ––) (–– removed
HTML ––) (–– removed HTML ––) Connect with Respected Companies (–– ... Show more content
on Helpwriting.net ...
(–– removed HTML ––) Statistics Show Astonishing Opportunities for China Trade (–– removed
HTML ––)
The trade in goods and services between the United States and China reached $648.2 billion in
2016. [2] China is now the largest trade partner of the United States for combined imports and
exports, and tapping this rapidly expanding market is critical for any company that wants to market
products globally. The U.S. trade deficit with China in goods was $347.0 billion in 2016. However,
the United States enjoys a surplus of 37.4 billion in exported services to China.
This healthy a vibrant trade between the two countries should serve as confirmation of the value of
trading with China. You can make this process much easier, learn what you need to know and get an
experienced advocate on your side by hiring a Chinese sourcing agent to act on your company's
behalf. (–– removed HTML ––) Advantages of Expanding Your Trade Options in China (––
removed HTML ––)
The costs of manufacturing are cheaper in China because of lower wages and a lower cost of living
than in the United States. Cheap labor means that many locally produced goods are competitive with
Western products while costing considerably less.The top U.S. imports include sports equipment,
apparel, footwear and consumer goods. The United States commonly exports medical instruments,
iron and steel, plastics, agricultural
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Improving Procurement And Sourcing Efficiency
Pursuit for competitive advantage is vital for the survival of any business organization's supply
chain. Businesses are feeling the difficulty to improve procurement and sourcing efficiency. The
value that can be achieved through successful procurement practices is often a lot harder to achieve
than many companies actually realize. If a company expects to grow and survive, it constantly needs
to add value. Procurement is one area that has become a critical area of focus to create a more
competitive and efficient supply chain. In the past, procurement was seen as insignificant to other
areas of an organization. However, implementing cross–functional teams to continually review
suppliers ensures that an organization benefits from the best ... Show more content on
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Fortune 500 companies like IBM, Dell, and Delta Air Lines are spending higher than 50% of their
revenues on procurement. For a long time, procurement has been looked at as negotiating to get
better prices. Many organizations still view procurement as a way to influence spending to get
discounts and lower costs from their suppliers. However, sustainability and the supply chain risks
that companies face today call for procurement to be different now. Organizations can see real
savings by looking at total cost of ownership, which can include a lot of the end–to–end supply
chain costs. Disruptions are unavoidable and every decision involved in the procurement process has
a risk factor to it. In order for procurement to influence and affect a company it must present a
business case that it is a value added function. An organization can add value long term with its
ability of purchasing within procurement. Organizations need to stop short–term thinking because of
the high–risk levels associated with this. Procurement decisions can add a lot of value to a company,
but organizations need to think of the long–term implications of their decisions. Purchasing is
important to competitive advantage because it increases value and savings for a firm. Purchasing
can build relationships, drive innovation, improve quality, and reduce products time–to–market.
Suppliers have a huge impact on organizations total costs because most product features come from
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Sourcing Strategy at General Mills
Developing a sourcing strategy is vital with my new "buyer" position at General Mills. I need to
consider what General Mills is looking for and what best suits their company.
The first step I need to take in developing a sourcing strategy is to conduct an assessment of General
Mills current spending. According to General Mills' Annual Report, the payments due in 2014 are
$3,844,200. This amount includes long term debt, accrued interest, operating leases, capital leases,
and purchase obligations. At this time, General Mills can expect to spend $2,730.70 on cocoa each
month.
The second step will be assessing the supply market and discovering who offers what. General Mills
is a member of the World Cocoa Foundation, which helps create contact with cocoa farmers, origin
governments, and environmental organizations. It is very important to consider environmentally and
labor friendly options when developing my sourcing strategy for cocoa beans. General Mills does
not want to risk partnering with an unethical cocoa farmer who violates labor laws using young
children or putting the workers through harsh conditions.
Next I will need to conduct a total cost analysis to see how much it would be to purchase cocoa. The
monthly cost of cocoa beans fluctuates monthly. In January, 2010 cocoa beans were being sold at
their highest– $3,525.12. Currently, cocoa beans are sold for $2,730.20. It may be wise to purchase a
larger amount of cocoa beans when the cost of them declines, to save
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Ethical Sourcing And The Supply Chain
Ethical Sourcing and the Supply Chain Growing competition and the ever increasing emphasis on
cost reduction and efficiency has caused many firms to outsource various components of their
operations outside of the country. As firms are thrusted into the global marketplace and transformed
into multinational corporations (MNCs), new challenges arise related to the differences/disparity in
corporate social responsibility (CSR) practices between countries (Chandler & Werther Jr., 2014;
Cruz, 2013). Globalization has increased companies need to consider the importance and strategic
value of CSR (Chandler & Werther Jr., 2014; Cruz, 2013).
At the forefront of international CSR issues, is the consumer demand for ethically managed supply
chains. Cruz (2013) stated that "poor CSR performance, at any stage of the supply chain process,
may damage a company's most important asset–its reputation" (p. 3995). Based upon a case study
on the outsourcing of production activities by Apple Inc. to the controversial contract manufacturer
Foxconn, this paper will discuss whether or not firms have responsibility for the supply chains they
choose to utilize. The paper will also highlight some of the advantages and disadvantages of Apple's
outsourcing decision, along with cost–benefit analysis of such decision.
Supply Chain Responsibility As companies increase their global presence through the outsourcing of
manufacturing activities, the question of Who is responsible for ensuring the supply
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Stryker Corporation: in-Sourcing Pcbs
Stryker Corporation: In–sourcing PCBs Table of contents: Executive summary 1. Introduction 2.
Analysis of current position 3. Analysis of new project 3.1 Methodologies and processes of
Valuation 3.2 processes of Valuation 4. Conclusion References Appendices A & B Executive
summary: The executive for Stryker Corporation recently considered setting up own factory to
produce Printed circuit boards (PCBs) – a key electronic component of many of Stryker instrument's
medical products due to a big concern of current shaky sourcing suppliers. This proposal is targeted
on the feasibility of the investment on financial projection such as Net Present Value, Internal Rate
of Return and payback period as well as its business ... Show more content on Helpwriting.net ...
The actual production would begin in the third quarter of this year, therefore only half year's
depreciation should be counted on Equipment and IT communication in 2004 (According to
Appendix A). The following years (2005–2008) incremental cash flows are computed by the same
method. However as the IT equipment and furnishings would be depreciated on a straight line basis
over 3 years, thus in year four (2007), there would be only half a year's deprecation left and after
that it will be used up. The last year's net cash flow in 2009 should be included the extra terminal
Value on that year, which includes 24 years' residual value on building and one year and a half
residual value on equipment totaled $2,990,412 with two assumptions of by using residual book
values for the building and operating equipment and there will be no further NWS advantage after
year 2009. Finally, by obtaining 6 years' incremental cash–flows and discounting them back to time
zero (with the estimate rate of return by 15%) lessing initial cost to get an appealing NPV of
$1190528 (Luehrman, p. 3). Internal rate of return (IRR) and Payback period "IRR of a project
provides useful information regarding the sensitivity of the project's NPV to errors in the estimate of
its cost of capital" (Pierson et al.2011, pp.157).This proposal also shows the project is profitable by
using Excel to get the IRR of 18.9%, which is
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Should The Government Use Crowd Sourcing?
Crowd sourcing is being used in a wide variety of ways on the Internet, and it continues to evolve.
Companies use crowd sourcing to develop new ideas and designs. Police have been known to use
crowd sourcing to solve crimes, such as after the Boston Marathon bombing. Even governments
have enlisted crowd sourcing to come up with ideas and to help determine what should be cut in
their budgets. Now that governments have the Internet to reach the public and gather ideas from
them can it be done properly? By using mass collaboration, there is the opportunity to make wide
sweeping changes within the government. According to Natalie Evans, this could be important in
deciding where cuts need to be made in public spending (de Castella, 2010). It is great that the
government wants to seek the public's opinion, but will they be willing to put those ideas into
action? Probably not if it does not fit into the political agenda. Then there is the overwhelming
number of ideas from citizens on what laws should be repealed. How can all of these ideas be
filtered and who decides what is filtered out? In the end, crowd sourcing for the government is just
not workable. Perhaps crowd sourcing would best be used by solving crimes. ... Show more content
on Helpwriting.net ...
Photos and videos are more accurate than people's memories and could be a great way to solve a
crime. To have many eyes looking through photos and videos, crowd sourcing may solve crimes
quicker than ever before. The general public might just catch information that the police have
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Crowd Sourcing Paper
Every organization works for its ultimate goal of attaining profit and to enjoying a good name in the
society. Organizational success depends upon how the organization manages the information and
process for attaining the target. For that the organization should have its own strategies and
technologies for adequate knowledge management. Due to the drastic changes which has happened
in our organizational working climate, career management intervention has to be given due
importance for the performance of the workers. Human resource is considered as the most important
asset of an organization but it is a true fact that no human being is complete. Solving of problems
happens through sharing of experiences and knowledge among the individuals. However, individual
career ... Show more content on Helpwriting.net ...
The process of obtaining information by enlisting the services of a large number of people, either
paid or unpaid, typically through the Internet is known as crowd sourcing.The term "crowdsourcing"
was coined in Jeff Howe and Mark Robinson (2006) ,which describes how businesses were using
the Internet to outsource the work to a large and heterogenous undefined general public usuall in the
form of an open call . The emergence and popularity of the crowdsourcing phenomenon can be
largely attributed to the rise of the Web 2.0 (Füller, Bilgram, Koch & Rapp, 2013) Crowd sourcing is
based on the concept of collective intelligence: Selzer&Mahmoudi (2006 ) told that under the right
circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in
them. Crowd sourcing gives access to ideas, innovations and information(Aitamurto et al., 2011;
Estellés–Arolas& González–Ladrón–de–Guevara, 2012; Sloane, 2011). So crowd sourcing is
worthwhile for the success of any type of organization without any distinction between profit
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Strategic Sourcing
Chapter 1 Introduction 1. Capturing The Trends Long before your first bite of a mouth–watering,
delicious Cadbury chocolate, there is a long and complex logistical chain that must be in place to
bring this pro–typical chocolate to you. It may not be immediately apparent to the Cadbury buyer
that the ingredients have travelled from other parts of the world. [pic] Figure 1. A complex and
diverse supply chain of Cadbury Chocolate Bars The processes involved in making Cadbury Dairy
Fruit & Nut, at the factory in Bournville in the United Kingdom, give a good illustration of how
strategic sourcing is applied in Cadbury supply chain. Table 1. Cadbury Sourcing |Ingredient
|Sourced From ... Show more content on Helpwriting.net ...
For those missions, the Polaroid camera that was fine for backyard barbeques wouldn't do. Neither
would the Nikons or Leicas used by professional photographers. NASA needed the best of the best.
It needed Swedish–made Hasselblad, the Stradivarius of cameras. 4. Lower total cost of goods. Even
with the price of the goods, transportation, taxes and import duties, some goods can be acquired
cheaper abroad, at lower cost countries. This is one of the major reasons companies first consider
offshore sourcing. 5. To establish additional sources of supply. Don't put all your eggs in one basket.
That is why we make contingency plans, and that is s why working with multiple suppliers is a good
thing. Shoe and athletic apparel giant Nike, is one of many examples. It contracts with more than
700 factories in 52 nations. Having such a broad supplier base ensure that supply chain disruptions
in one factory or region can be absorbed by suppliers in other regions, and thus minimize the impact
to Nike. With globalization being a key influence in the outcome of sourcing and eventual complete
market product, it is evident that with global supply and resources, a manufacturer can tap into the
various options in resources, technology, methodology and lower production costs. However, it is
also vital for the manufacturer to
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Strategic Sourcing Essay
workforce. Particularly, they noted that those individuals with "special skills" are not working in
conventional ways anymore. Full time employment is also not necessary as talent can be sourced
and utilised part–time and it can be borrowed from another organisation such as hiring consultants
from a consulting firm. Thus, the authors reminded us that strategic sourcing is about choosing the
right options and method of searching and acquiring the specific talent needed by the organisation.
Employees today are also aware of their importance and the shortages of talent supply that is why
focusing on sourcing talent or recruitment is at utmost importance of the organisation. More
importantly, as an organisation sourcing for talent, it is a must to ensure positive experience
reflected on the organisation's values, are felt by the applicants all throughout the recruitment
process to ensure that the applicants maintain its high perception to the company and as such, the
applicants may then refer other talents to the organisation. Doing so, enables the organisation to set
its brand which is now, one of the most important considerations of applicants in accepting the job
offer.
Another aspect to consider is the value proposition of the organisation to the applicants or in other
words what are the skills, learning, knowledge and experiences that the company can offer to the
applicants which can be one of the factors for the applicant to accept the job offer. Lastly, the
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Case Study Of ABB
Company Background ● ABB is a multinational corporation headquartered in Zurich, Switzerland.
It operates mainly in robotics and the power and automation areas. ● It is one of the largest
engineering companies in the world. ● It operates in around 100 countries, with approximately
150,000 employees in November 2013. ● ABB was first incorporated in India in 1949 and today it
has offices all over the country, with its head office in Bangalore, employing over 10000 employees.
● ABB India works with a multiple of projects and fixed manufacturing simultaneously. ● The level
of number of employees will vary with the current operations and will be widely differing in terms
of type of job and employees that they need. ● At ABB India, they ... Show more content on
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○ Online Website ■ The most common way of getting applicants for the new positions is by posting
an advertisement on the company website. ■ This is their primary channel for application. ■ A detail
description of the position, location and the hiring process is mentioned. ■ The company website
also allows you to choose from the various openings they have for various positions and keep it as a
shortlist for later reference. ■ The portal allows the applicants to create a login ID and password and
upload their resume through the ID on the company portal. ■ The portal also asks to fill is basic
additional details like contact number , address etc.It takes 10 to 15 minutes to complete the online
application process. ○ Online Job Portals ■ Advertisements about the job openings are also posted in
few of the online job portals. ■ Though ABB does not depend on hiring through Agents but this
largely depends on local practice. ■ In India, Job advertisements for ABB appear in
Timesjob.com,Naukri.com and Indeed.com. ■ Job openings are also given on glassdoor.com. ■ The
process remain fairly the same. Uploading of Resume on the portal with basic additional
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The Supply Chain And Alliances
Retail is a globalised industry, where products may be sourced and produced in one country, but sold
in another. This requires collaboration of the different roles involved in the supply chain and
alliances to be formed, in order for each of the different roles to complete their business objectives.
The supply chain is the connections of movements, systems and businesses that work together to
produce and sell a product. The suppliers and retailers, in particular, must go hand in hand if either
of them are to succeed. It is with the help of the buyers and merchandisers, that the suppliers and
retailers are able to connect and build up relationships. It is dominantly the buyer that works to bring
the suppliers and retailers together. It is part of a buyer's role to work closely and build up
relationships with suppliers to ensure everything runs smoothly and quality standards are being met
on behalf of the retailer. There are a number of factors that a buyer must take into consideration
when sourcing the right supplier for a retailer. The suppliers must be able work efficiently and
effectively to follow all instructions given to them by the buyer, this is to ensure that the correct
standard of work, set by the retailer, is produced. For the relationship to work, communication is
key. The suppliers must have consistent communication with the buyer, whether it be written, verbal
or electronic in order to avoid any problems and solve any issues. Retailers want to keep their
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Essay about Single Sourcing In The Public Sector
Develop an argument for or against single sourcing and close supplier relationships in public sector
procurement. Argue for single sourcing, or argue against single sourcing. State your claim, your
reasoning, your evidence and any anticipated objections or rebuttals, and draw a conclusion.
Definition
Before anything else, I would like to clarify the difference between the single sourcing and sole
sourcing. Single sourcing is refer to purchase from one selected supplier, though there may have
other suppliers provide the similar products or service, which is mean the purchaser has a choice to
switch suppliers, but for the strategic and some reasons like cost , purchaser decides to use only a
specific supplier. Sole sourcing is refers to ... Show more content on Helpwriting.net ...
This accounted for 367 cases, or 51% of the entire sample.
Reporting corruption in broadcast and print media: the case of Albania
So I think this is a very dangerous position for anyone to be in, use single sourcing stragisty is not
only created much problem in the world of public procurement as it violates public trust in the
system and go against transparency but also puts the purchaser at a disadvantage when negotiating a
contract and can result in increased costs to taxpayers, since they are so dependent upon the
services/product of a single supplier.
Solutions
Therefore, in an ideal world, as public purchaser must be proactive in trying to avoid the single
source; unfortunately, this is not always the case. The following actions will help reduce single
source purchases;
First, the top solution is not to enter into a single source procurement situation in the first place. It is
very important for the public procurement there is no charge of corruption can be levied at either
party, government or organization should rigorously review their purchasing strategies to ensure that
this does not happen.
Second, always make sure there is an alternative source. As I mentioned before, this is much easier
with single source procurement (but not sole source), since other similar suppliers could be able to
supply similar products with more or less that same quality as the previous suppliers.
Third, do not put the eggs all in one basket,
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Sourcing Strategy For Ikea Company
5) Sourcing Global sourcing is an important sourcing strategy for IKEA Company. According to
Hultman, Hertz and Johnsen (2012), in 2008, IKEA has 54 different sourcing countries and 30
purchasing departments which were located all over the world. With the expansion of its market,
IKEA was not satisfied with selling its product only in domestic and Nordic market instead it put its
higher goal in global market. Therefore the sourcing market also expanded with the growing market.
There were 64% of its products were sourced from European countries which were mainly in
eastern part like Czechoslovakia, Rumania and Hungary; China with a 22% share of the supply was
the largest single supply market, and Poland with a 16% share (IKEA 2007). However, IKEA also
trades off the cost of raw materials and cost of transportation, hence IKEA combined the Global
sourcing with local sourcing strategy to lower the total cost. Example of sliding doors of PAX
wardrobe Table 1.Global sourcing setup of major component categories associated with the sliding
doors for the PAX wardrobe system in 2009. IKEA's products like the PAX wardrobe, the BILLY
bookshelf, the LACK table and the SULTAN bed, sold in IKEA store are to a large scale sourced
from a global network of suppliers. To take the sliding doors of PAX wardrobe as an example, IKEA
just sourced different parts of the door form different countries but within consideration of total cost.
Table 1 shows an overview of 8 major component of the
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Supply For A Continuous Supply
cannot ensure a continuous supply for the product UV4 from its sourcing country, China, because
the Chinese governmental ban on the use of UV4's raw material. He has to make a plan by the next
day to address the short–term shortage of supply.
Associated Issue
The higher level of issues that should be taken into account are: global sourcing; strategic sourcing;
supplier management; cost analysis; supplier relations and risk management.
Issue Analysis
Major of facts
The company had annual sales of $140 million, employed 400 people in offices around the world
The crystal quartz sleeve that acted as an ultratransparent barrier between the water and the UV
lamp are very expensive and difficult to procure
The company had traditionally ... Show more content on Helpwriting.net ...
– Because this purchase from AMS is 30% of total sleeve cost, the total spend for this commodity
was approximately $1.7 million (510,000/0.3)
– Trojan's piece price cost from Juntao was 30% of its cost from AMS, which is approximately
$15.30 per sleeve or $153,000 per year.
– After the ban rule, is Juntao import raw material will lead to a cost of $28 per sleeves, and
$280,000 per year.
– The $77 cost from AMS is approximately at 50% premium. According to the 80/20 allocation
plan, the annual cost would be $154,000(2000*77). Purchases from Juntao would be $122,400 for
8,000 units, which is a total cost of $276,400 – a net reduction of 46% in costs.
– If Trojan buy 100% from AMS, its costs would be $770,000, a premium of $260,000.
– Based on annual revenues of $140 million and unit sales of 500 to 600, the average unit sold has a
value of $233,000 to $280,000.
Alternative solutions
1. First, Juntao imports raw materials. The costs would increase by approximately $127,000(28–
15.3=12.7, 12.7*10000).
Pros: It might be a long–term solution, because Trojan want to keep its LCS and global sourcing
strategy.
Cons: It will not address the short–term supply shortage problem because import material is
available in next month. This option is somehow risky, because we don't know if Juntao has ability
to secure appropriate
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Ikea's Global Sourcing Challenge
IKEA's Global Sourcing Challenge: Indian Rugs and Child Labor (A) Case Synopsis IKEA is a
"privately held, international home products company that designs and sells ready–to–assemble
furniture such as beds and desks, appliances and home accessories" (www.worldisyouroyster.com).
The company was established in 1943 by Ingvar Kamprad in Sweden when he was just 17 years old.
Kamprad himself, who still owns the private company, is rumored to be the world's richest man.
IKEA is currently the world 's largest furniture retailer and arguably the most successful global
retailer. Being one of the biggest global retailers, IKEA benefited a lot by the globalization of its
business; IKEA's target market is the global middle class who is ... Show more content on
Helpwriting.net ...
He refused to let the IKEA preview the video; however he invited them to send someone to take part
in a live discussion during the airing of the program. According to Barner, "it was immediately clear
that this German–produced program planned to take a confrontational and aggressive approach
aimed directly at IKEA and one of its suppliers" (Bartlett et al 8). The refusal to show the movie to
IKEA implicit shows that their intention is not to hear about IKEA's engagement but having
someone to blame. The discussion might have an aggressive and confrontational attitude towards
IKEA for using a supplier, which employs children and suggesting IKEA a reckless company just
caring about profit. Barner should first of all understand the situation thoroughly before taking any
steps against Rangan Exports. The Global sourcing always brings with it the social, cultural and
regulatory differences which should be dealt with effectively to ensure success in global supply
chain. She should help Rangan Exports to avoid using child labor in production of rugs by bringing
awareness about such social issues and how it impacts the life of child in physical, mental, spiritual,
moral, and social terms. She should even pressurize the supplier for avoiding child labor in
production. A live discussion would give IKEA the possibility to explain themselves and their
intention concerning their engagement in India. Barner could make her intentions clear as she is
feeling that
... Get more on HelpWriting.net ...
Disadvantages Of Sourcing Securities
Definition of Sourcing Securities
A simple definition of sourcing security is any proof of ownership or debt which has given value
and can be sold. (Today, the proof of ownership may be a computer file, while if it is a piece of
writing paper.) For shareholders, the security is an investment owner, creditor or the right to
possession of any person who wishes to make a profit. Examples are stocks, bonds and options.
There are two type of sourcing securities which is outsourcing and insourcing.
Outsourcing Securities
According to financial dictionary, Outsourcing securities is a practice of companies hiring another
company to keep companies' data. Another definition of outsourcing is bonding the duties of internal
business to a third party organization. For example, a company ... Show more content on
Helpwriting.net ...
Long–term investment.
If the development project is run in–house, it could come with a hefty price tag. The companies will
create long–term investment in it. Having the employees up–to–date with what's happening in their
specific industry will also benefit their company in the long run. So in other words, they will end up
saving money and won't need to constantly outsource to specialists, the company will have them
right in the organization.
The disadvantages of Insourcing Securities:
1. The cost of personnel requirements.
The company must takes responsibility for sick leave, annual leave, casual leave, pension fund
contributions, medical aid or provident fund contributions to their employees.
2. Absenteeism problem.
A company might face the problems of absenteeism among Security Officers because of sickness or
vacations. As a result, more problems arise for the management of the company while ensuring that
the required number of personnel will be on hand consistently.
3. Controlling disciplinary problems
Controlling discipline can be very time consuming, can result in substantial costs in man–hours for
record keeping and hearing, and can be a burden to management.
... Get more on HelpWriting.net ...

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Direct Sourcing Case Study

  • 1. Direct Sourcing Case Study Direct Sourcing We will continue to post job notifications to various websites such as workopolis.com, and jobzilla.com., however,. our company will take a more active approach to the hiring process by direct sourcing. We will pay a premium amount to hiring websites which will allow us to view resumes by persons who are not actively seeking work or who may have not applied for a job within the company, but are qualified for the position. This will also allow us to have control over which candidates are viewed and considered. Employer Branding To increase our recruitment, the company will began a campaign to promote positive employer branding. We will do this by hosting yearly coding events, inviting high school and university students to compete ... Show more content on Helpwriting.net ... To do this we will post many of our job vacancies to an in–house job posting site which will also add to our positive employee branding by showing that an individual has the ability to learn and grow within the company, and to not only move laterally, but to move up as well. This will also help to curb unrealistic expectations because our employees already know about the job and responsibilities, as well as our company, so they know what is expected. Who is MRSD looking for? In 2014, women made up only 15% of the software engineering workforce (Government of Canada, 2015, p.6). As such Mount Royal Software Development is looking to hire more women. To do so we have developed a benefits package which we have designed to be appealing to new and future mothers. Potential Barriers There are some barriers in our hiring process that need to be assessed. The main barrier is geographical; while many new hires are willing to relocate to Calgary where our home office is, some recruits may not be able to. In order to accommodate them we offer remote work options to eligible employees after they have passed the 3 month probationary ... Get more on HelpWriting.net ...
  • 2.
  • 3.
  • 4.
  • 5. How Should Reverse Auction Fit Into An Overall Procurement... How Should Reverse Auction fit into an Overall Procurement Strategy? It is quite challenging to discuss about procurement management without stating the importance of its strategies. There are four main basic procurement strategies that serve different functions within a procurement management. To begin with, a "Partnership" strategy focuses mainly on constructing mutual commitment in long term relationship with suppliers. While a "Secure Supply" strategy aims to secure short and long term supply while reducing risk from suppliers. In addition, a "Category Management and E–Procurement solutions" serves as a tool to reduce logistic complexity, improve operational efficiency, and attempts to reduce the number of suppliers. Lastly, a "Competive Bidding" strategy emphasizes on obtaining the "Best Deal" for short term transactions with suppliers.(van weele) Each of these four strategies involves a unique purchasing methodology, which implies that the complexity is embedded in an individual strategic implication. Therefore, it requires different tools to accomplish the specific strategical characteristics. A business entity may need to support and execute procurement decisions with other strategic apparatus with analytical methods, including market analysis, uncertainty analysis, price forecasting, supplier relationship and along with others.(Harvard) Due to the fact that procurement strategies are the focal point in the planning stage of all business firms and is a vital ... Get more on HelpWriting.net ...
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  • 9. What Is Sourcing Talent Sourcing talent is another important part of the overall recruitment process. It involves sourcing out the right candidate for the positon and includes testing evaluations, personality and professional references, and work history. Most human resource recruiting agents will be sourcing talent to make sure the right person is selected. During the process of sourcing talent identifying and locating high potential recruits, either internally or externally will involve the analysis of these sourcing tools to identify those best able to meet the firms staffing goals. Perhaps the most important component in sourcing talent is to create a source plan to profile desirable employees, and then devise a plan to reach them. Using surveys or focus groups, ask where do they like to go, what media do they use, what organizations do they belong to, and what events do they attend? What web sites and other sources would they use if they were to look for another job? How did they first learn of their first job in your firm? (Strategic Staffing Jean M. Phillips and Stanley M. Gully). Secondly, recruiting based on assessment tests can also identify new hires developmental needs. Top candidate assessment scores can show attributes like organization and time management skills and desirable personality traits. Some assessment ... Show more content on Helpwriting.net ... How many years this person has stayed in a job what certificates gain during this time also recognition as well within the company while working there. The stronger your qualifications are the higher the chances you get selected for the positon. It is very critical that everything is on the clear as far as work history personal and management references job performance a must. Make sure you have the necessary experience and education and past job duties qualifies for the job applying ... Get more on HelpWriting.net ...
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  • 13. Apple Sourcing Analysis The Sourcing Plan Rafdahl (2014) believed that strategic sourcing is critical for a business to remain competitive. Apart from this, it is through sourcing plan that a company is able to sustain its future growth potential. Relative to this assertion, it is vital for Apple Inc. to align its procurement processes and supplier choices not only with the demands of its consumers but also the demands of business in general. Rafdahl (2014) provided 7 steps for a company to maximize its sourcing effort. Apple Inc. can consider this step by step process to meet future demands. 1. Initial Spend Analysis. In this step, Rafdahl (2014) mentioned that there is a need to review and classify the expenses of the company. This should be done by category. For ... Show more content on Helpwriting.net ... Market Analysis. Rafdahl (2014) asserted that companies should have a list not only of incumbent suppliers, but also potential alternative ones. In line with this assertion, it is significant for Apple Inc. to know suppliers which have good service reputations. Further, the company must also determine what the suppliers can offer, such as its expertise to meet Apple's high standard and its ability to fulfill both the present and future needs. Apart from these, the suppliers should consistently deliver quality products and services, and promote ideas and products that would advance Apple's competitiveness, profitability, and success. 4. Strategy. Although Apple's strategy is already commendable, it is necessary for the company to develop strategies to meet the changing conditions of business. Rafdahl (2014) believed that in doing so, it should consider the collaborative efforts it must undertake together with its suppliers to increase efficiencies and reduce costs. Further, Apple must yearn to enhance its business' process so that its products are also improved. Considerably, there is also a need for Apple to have inventory reduction and reengineer its products to improve the company's efficiency and ... Get more on HelpWriting.net ...
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  • 17. Strategic Sourcing Of A Supply Chain Management Responsible Sourcing Before a supply chain manager can truly understand strategic sourcing, they must have a good working knowledge of the purchasing and procurement processes, which I will explain in detail later in my research. Strategic sourcing is an aspect of supply chain management that is becoming more prevalent in the business world. Without strategic sourcing a firm will not and cannot maximize the potential of its supply chain and altogether meet the company's overall business goals. Responsible sourcing is a new way of thinking that is dedicated to building responsible supply chain coalitions that value human rights and work standards across the world. As we have seen and heard in the news media in recent years, many countries do not practice the same standards of work, facilities, and personnel management that we do here in the United States. American consumers and they have raised concern due to the scenes of children in sweat shops, miners working in horrible conditions, and facilities that look as if though they should be condemned and abandoned, housing hundreds of workers. This concern, hurts a company's bottom line and therefore they have taken a proactive approach to ensuring that the product we receive and use daily are being produced in a manner that does not violate our values. Literary Review Dr. Sudhi Seshadri, is the author of Sourcing Strategy Principles, Policy and Designs. The main objective of this book and research is to give the ... Get more on HelpWriting.net ...
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  • 21. Stryker Corporation: in-Sourcing Pcbs 1. State the business case for option #3, the PCB In–sourcing proposal. What is the benefit? What is the risk? How do you compare this proposal to option #1 and #2? Benefit: a. Better performance in management, quality and delivery. When PCB is in–souring facility, the management team of Stryker Corporation can directly control the production process, which is more efficient and could obtain better quality in products. Secondly, when the production of PCB is in– sourcing, it will be much easier for Stryker Corporation to make a delivery plan of PCB. This will considerably reduce the logistic losses. b. More flexible in outputs. Under current sourcing, the flexibility of PCB's outputs depends on the frequency of order, resulting ... Show more content on Helpwriting.net ... Even that manufacturer is able to maintain a low supply; it will take long time for Stryker Corporation to strengthen it by increased business and partnership. For the long run, everything is precarious. c. Comparing these two options above, option 3 is much more reliable. Having an in–sourcing facility will bring more flexibility as we mentioned before. With a developed in–sourcing proposal, there are a lot of detail estimations about the Option 3. It's easier for Stryker Corporation to implement this plan step by step. 2. Use the projections provided in the case to compute the incremental cash flows for the PCB project. Provide a reasonable estimate for cash flows after 2009 as well. The explanations and details are presented in "640 case appendix". There are 4 explanations on how to predict the data after 2009 as below: a. Decrease in purchases from contract manufacturers: Setting up the new project will gradually bring more free cash flow to the corporate. However, at the very beginning, the corporate must continue buying products from the former suppliers. The company stopped purchasing PCB from out–sourcing in 2006. Therefore, it is reasonable to suppose that Stryker will not buy PCBs from contract manufacturers anymore.
  • 22. Through linear regression, we use Least Square Method to predict the "Projected PCB purchases under current sourcing" in ... Get more on HelpWriting.net ...
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  • 26. E Sourcing at Sun Microsystem rP os t CASE: OIT–34 DATE: 03/25/04 ESOURCING STRATEGY AT SUN MICROSYSTEMS Introduction op yo In May 2000, Sonia Syngal, director of procurement strategy and supplier relations at Sun Microsystems, needed to make a critical decision. Under Sonia's leadership, the company had just completed its first "dynamic bidding" pilot tests and as a result, cut its sourcing costs by 30 percent. Given these results, the potential for cost cutting via the implementation of a dynamic bidding system on a widespread scale at Sun was enormous; on an annual basis, the company was currently spending about $9 billion in direct materials procurement. No tC While the potential to significantly cut costs was clear, Sonia had several ... Show more content on Helpwriting.net ... Sonia reported directly to Kevin Caroll, and led a 35–person team responsible for the development of Sun's procurement strategy. (Exhibits 1) Sonia was responsible for driving an overall strategy behind the procurement of all of Sun's direct materials. She was also responsible for delivering key technological tools that would support Sun's overall procurement process and the activities of Sun's global commodity directors. (Exhibit 2) According to Sonia, "My goal is to have Sun be the best– in–class in supplier management compared to any metric. It is my job to ensure that we have alignment and communication around our strategy and to implement key programs that will allow us to maintain our number–one position as the top provider of products, technologies and services for enabling the Networked economy." tC GLOBAL COMMODITY DIRECTORS
  • 27. No Sonia worked closely with Sun's five global commodity directors (GCDs), who also reported to Kevin Carroll. The GCDs had purchasing responsibility for one or more of Sun's commodity areas, which included ASICs, cables, drives, memory, displays, enclosures, printed circuit boards/FABs, power supplies, and storage software. (Exhibit 3) Each GCD was responsible for the development and ... Get more on HelpWriting.net ...
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  • 31. Procurement Strategies Procurement Strategies Review Competition is fierce in today's world and a business must work smarter versus harder. Many big name chain stores have achieved success but none like that of Wal– Mart. The following is a review of the Wal–Mart customer and his or her expectations of its procurement process. An additional review of how these expectations affect Wal–Mart's strategies, policies, and procedures at both the domestic and global level is also included. Customers Internal "An internal customer is anyone you count on or rely upon to complete a task or a function or to provide you with information so that you can get your job done... and anyone who counts on you to complete a task or function or to provide them with information so ... Show more content on Helpwriting.net ... Wal–Mart had a contract with a third party procurement firm in Asia. The firm used suppliers that would mark–up merchandise and resell that merchandise to Wal–Mart. The company has reduced costs, lead times, and eliminated the middleman mark–ups. In 2002, Wal–Mart began to buy directly from the manufacturer to procure a better price. According to Stundza, (2006), " Wal–Mart has global procurement and supplier alignment teams responsible for identifying new suppliers, sourcing new products, building partnerships with existing suppliers, and managing the global supply chain of Wal–Mart's direct imports." Figure 1: Wal–Mart's Procurement Process Conclusion Wal–Mart is the leader in its industry and continues to grow in popularity among the consumer. The reason for its growth in popularity is its promise to deliver quality products at low prices. Wal–Mart can influence its suppliers in a way that ensures a low price on the products it sells. Wal–Mart expects its suppliers to follow its lead in giving the customer what he or she expects and will continue to grow in consumer popularity as a result. References Earl, D., (2004). What is internal customer service? Donna Earl Training, Retrieved from http://www.donnaearltraining.com/Articles/internalCustomerService Kaufman, L. (2009, August 11). Wal–Mart 's Backward Business Revolution. Forbes.com. Retrieved from ... Get more on HelpWriting.net ...
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  • 35. IT Sourcing Essay Business Transformation by way of IT Sourcing? Overview Do I think IT sourcing can be a transformative agent? Absolutely. Should IT sourcing be used as a transformative agent? Not only do I reply in the affirmative, I'd go so far as to say that IT sourcing, where applies, is the key to successful business transformation. We have got to ask ourselves this question first – why do companies outsource? The bigger they are, the more likely they are to be geographically distributed. The more distributed they are, the more likely they are to outsource their IT requirements. The reasons are simple – local vendors, like Cognizant Technology Solutions or Tata Consultancy Services in India, are established players, incorporate industry wide best practices, operate on a large scale (which is exactly what the client company seek to achieve), possess expertise in varied technology domains and have stellar reputations for delivering quality IT services. More importantly, they offer cost reduction and efficient technology management. However there has been a subtle but steady shift in end user preferences that renders the traditional outsourcing models redundant. Clients can no longer afford to be satisfied with just reducing their costs. To stay competitive in this increasingly dynamic environment, to retain their user base and market share, companies are now looking to their sourcing vendor partners to innovate and provide technology enabled business transformation [1]. Next logical ... Get more on HelpWriting.net ...
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  • 39. What Is Your Experience As An Rpo Provider? What is your experience as an RPO provider? ACA Talent has operated in the RPO space since 2004. Since then, we've partnered with many global brands on a variety of long–term and project–based recruitment initiatives. Each solution is highly customizable based on the client's goals and benchmarked to ensure success. Our project–based, seasonal RPO solutions are designed for companies experiencing peaks and valleys in hiring throughout the year. We dedicate a team to the client's account and build scalability into the model to allow for fluctuations in recruitment needs. By mapping out the recruitment process, identifying best practices, and implementing efficiency improvements, we help clients achieve headcount goals rapidly and within ... Show more content on Helpwriting.net ... With a specialty in sales recruitment, ACA Talent has recruited sales professionals at all levels; the firm is well–versed in building high volume recruitment programs targeting entry–level hires. In 2015, ACA Talent partnered with one of the leaders in mobile display technologies to recruit field technicians, who were stationed at big box locations and tasked with assisting customers for the company's clients, who are major electronics brands. This was the second project ACA Talent partnered with this client on, and the partnership was driven by our past success with their company. This time, the client needed to fill 170 positions in five weeks. Field technicians needed experience in structured cabling, car stereo installations, home theater, or home automation. They also needed to be able to deliver a positive customer experience in addition to installing, repairing, and maintaining high–end electronics. To meet the client's headcount and timeline objectives, ACA Talent developed a front–end recruitment model focused on recruiting, qualifying, and driving candidate volume. ACA Talent dedicated a team of three recruiters and an account manager. ACA Talent utilized its own extensive database of talent, social media, postings, and outreach to build a strong talent pipeline. Candidates were interviewed to assess hard skill sets; behavioral–based interviews helped qualify soft skill sets, such as time–management and customer service ... Get more on HelpWriting.net ...
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  • 43. Sourcing In America International sell and purchase has provided tremendous growth for countries. There are advantages and disadvantages to sourcing overseas. Some of the common advantages to out sourcing overseas are low manufacturing cost and expertise of products (importcrashcourse.com). The disadvantages are language barriers, shipping time, as well as quality of products in some cases. Americans have found comfort in everyday life regarding products that were made in other countries. If Americans were to suddenly not be able to purchase products overseas they may find themselves at a lost for living a typical lifestyle. On a large scale it is typical to think of cars when first thinking of products that were not made in America. However, American society has products they use on a daily basis that are made overseas, such as the Apple iPhone. While the iPhone was designed in America, the manufacturing is out– sourced to China, Korea, Taiwan and Mongolio (entrepreneur.com). There has been discussions regarding moving the manufacturing to the United States (US). However, the cost is a great concern, and has been the delay in the discussion to move forward with this idea. Subsequently, like the iPhone other products currently made in other countries will cause the same concerns ... Show more content on Helpwriting.net ... Unfortunately, there are many disadvantages to this idea. Considering the pricing to manufacturer products as well as wages for labor will be the downfall for society. Often times the reason companies out–source labor and products are due to cheaper wages as well as parts. Having a company that has multilingual workers that's educated and willing to work for a lower pay than Americans allows for a greater profitability for a company. The workers as well as the rent for facilities are undeniably cheaper (smallbusiness.com). Therefore, the majority of products sold in the US are made in other ... Get more on HelpWriting.net ...
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  • 47. Attending The Ethical Sourcing Forum Attending the Ethical Sourcing Forum hosted by Intertek in March 2012, Bob Willard, author of The New Sustainability Advantage: Seven Business Case Benefits of a Triple Bottom Line (2012), explained in interview that the business case for ethical sourcing is compelling : the certain prospects of acquiring new market shares, an exponential efficency in material/water/energy and profits going over the top. In his book he even brings up the potential of a triple bottom line for any company who makes the choice of a sustainable supply chain. What's not to adopt in this money making scenario? He asserts that it could be explained by the lack of "pressure put on firms by their major stakeholders" in that regard, pressure destined to increase ... Show more content on Helpwriting.net ... They also insure that the sole purpose of the facilities and the workforce is to fill M&S'orders. – A third–party regularly assesses compliance to the Global Sourcing Principles throughout the supply chain – M&S rewards complying suppliers who promote continual improvement with the opportunity of co–development and long–term relationship advantages (training, share expertise and information...) – M&S sanctions suppliers who do not follow in the path of corporate social responsiblity Finally, M&S has committed since 2007 to a total transparency about its 180–points plan to reach ethical and economic results through annual reports of their advancements and results (M&S 2015). Transforming a supply chain into a sustainable network is not an easy thing to do. Amongst the existing obstacles that Johnson (2004) gives us is the considerable size of this network: all along the differents ranks of suppliers that constitute the upstream of the chain, it is very hard to track the original source of the material and to broadcast best practices all accross that path. Furthermore, the lack of legal framework for labor conditions and environment preservation in developing countries makes it the more difficult to enforce ... Get more on HelpWriting.net ...
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  • 51. Disadvantages Of Package Sourcing Introduction V.F. Corporation (VF) designs, manufactures, distributes and markets lifestyle apparel, footwear, and accessories. The company offers jeanswear, outdoor and action sports clothing, imagewear, sportswear and contemporary brands. The company markets its products under famous brands namely, the North Face, Wrangler, Timberland, Vans, Lee, and Nautica, among others. It sells its products to specialty stores, department stores, national chains and mass merchants, as well as through direct–to–consumer channel consisting of VF operated stores and internet sites. What are the characteristics of different sourcing arrangements? By 2004, VF utilized two basic types of sourcing arrangements with their suppliers. First, the "cut and make" contracts, wherein VF would have separate contracts for suppliers at individual stages in the production process. This arrangement was applied in legacy products based out of Mexico and the Caribbean and managed in conjunction with internal manufacturing. VF also uses a "package sourcing" model in production where a single supplier is responsible for the entire garment, from raw material procurement to packaging and shipping finished goods to the market. "Package sourcing" has the benefit of low cost, as companies can choose between various suppliers all over the globe based on economic factors, such as labor and transportation costs, and trade quota or tariff considerations to get the cheapest price for finished goods. It also allows VF ... Get more on HelpWriting.net ...
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  • 55. Ikea Global Sourcing Challenge IKEA's GLOBAL SOURCING CHALLENGE EXECUTIVE SUMMARY The IKEA Group, one of the world's top furniture retailers, has emerged as the fastest–growing furniture retailer in the US. Its unique business strategy has given it its strengths for its success today. However, like all strategies, IKEA's strategy has its own flaws that can pose as weaknesses. IKEA also has a lot of opportunities in the marketplace such as expansions of their company and threats such as competitors in the same industry. Based on the case "IKEA's Global Sourcing Challenge: Indian Rugs and Child Labor (A)" we will build a modified SWOT analysis that will assess the company's internal performance and determine the current position it's facing, followed by ... Show more content on Helpwriting.net ... The organization has mastered the art of doing business internationally and is considered to be one of the strongest global entities in today's world. Although IKEA has succeeded on many levels, leaving the competition far behind, there are a few possible threats the company may face in the future while doing business: * With growing competitive retail markets in developing countries, mainstream retailers such as IKEA, have to deal with possible competition from low–cost economies * The regulatory environments across the globe vary and can affect how IKEA does business and its product costs, especially the use of natural resources * Rising shipping prices (IKEA's business concept is solely based on manufacturing in low–cost countries and shipping the products over to its distribution centers) * Aging population of key shopper segments * The slowdown in first time buyers entering the housing market (This is a core market segment for IKEA products) * The recession slows down consumer spending and disposable income reduces * Rising commodity prices STRATEGIC GAP = the difference between what IKEA is and what it wants to be * The IKEA vision "To create a better everyday life for the many people." * The business idea ... Get more on HelpWriting.net ...
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  • 59. Hyper Local Sourcing Essay Hyper Local Sourcing Today people are trying to eat healthier and make better decisions. That can be hard sometimes when you go out to eat, thats why restaurants are always trying to find better ways to appeal to their customers. One way they are doing that is hyper local sourcing. That is food that is grown and processed in the community or on site. It is becoming increasingly popular; some places are even growing their own vegetables. It doesn't get much fresher than that. This new trend can be good and bad for the restaurant. It may bring purchasing costs up, but it may also bring in more customers. This is becoming more and more popular because people believe it is healthier, like going organic. They like the fact that it helps out local farmers and growers, and that they ... Show more content on Helpwriting.net ... It is the firt if its kind facility operated by solar power. "True Garden is the first high–tech greenhouse in the U.S. capable of producing most cool season food crops year–round–even in the scorching desert, where temperatures reach 120 degrees during the day and 90 degrees at night during summer months" (Future Growing LLC). The founders of True Garden are Lisa and Troy Albright. The facility re–circulates valuable water. True Garden uses 95% less water, 90% less space, and no harmful chemical, pesticides, or herbicides like Roundup. It doesn't get much fresher or hyperlocal than that. This new trend has many excited and many willing to try new things. Consumers are ready for the change and ready to eat healthier. There are many benefits to growing hyperlocal but there are also the downsides. This may also be like every other trend that comes and goes. Hyperlocal isn't just farm local, its grown in house local. Many restaurants should look into going hyperlocal, it could really benefit them. Everyone should want to eat healthier and fresher is the way to ... Get more on HelpWriting.net ...
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  • 63. An Understanding Of Global Sourcing And Recruiting Global sourcing refers to sourcing employees across the world. This process requires developing, implementing, planning, and evaluation staffing strategies on a worldwide basis in order to make sure that organizations met their goals and objectives. Recruiting refers to an organization's decisions and practices that affect the quantity or quality of candidates willing to apply or accept job offers. Nowadays, organizations use the term "human capital" that makes executives realize that the way they compete to recruit talents can make or fail their businesses. Moreover, the capacity to source (identify) and recruit (attract is very advantageous). In my paper, I will discuss some recruiting sources and sourcing methods, benefits and challenges. Global sourcing method has an external sourcing option called "Outsourcing" that is said to be the best solution for recruiting. Therefore, I will discuss what outsourcing is, its benefits and disadvantages. Approach (review) The method I used for my paper aims to gather an understanding of global sourcing and recruiting. I found articles and journals that mention recruiting sources organizations used for the hiring process. Moreover, some reports also provide the benefits and challenges of global recruiting whatever the country that recruit. From my research, I expect to understand what global sourcing and recruiting are and apply these information in my professional life. Focus (review) My paper describes how to make global ... Get more on HelpWriting.net ...
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  • 67. Hr Sourcing Research Paper HR Sourcing And How it effects Legislation According to Miller, buyers are outsourcing health services at least 4 times the normal rate. In reality, outsourced benefits are about 5.4 billion annually. The BAO market was powered over the years by employers seeking for help to comply with health care reform according to Miller. This pushed organizations to outsource due to finding saving and steering though the difficulties of the healthcare reform. All of this derived from the Patient Protection and Affordable Care Act. This act was created to provide Americans with healthcare. The healthcare reform played a major impact on outsourcing. It is essential to discover the impact of health services and how it impacted HR sourcing. The 5c model ... Show more content on Helpwriting.net ... (2018, April 10). Health Care Reform Accelerates Benefits Outsourcing. Retrieved from https://www.shrm.org/resourcesandtools/hr–topics/benefits/pages/benefitsoutsourcing.aspx Good, T. (2016, June 16). The Advantages and Measures of Outsourcing in Healthcare | Datica Blog. Retrieved from https://datica.com/blog/the–advantages–and–measures–of–outsourcing–in– healthcare/ Mccloskey. (n.d.). Why Outsource Human Resources? Retrieved from http://mccloskeypartners.com/wp/resources/why–outsource–human–resources/ (n.d.). Regulation of Health Information Processing in an Outsourcing Environment. Retrieved from http://library.ahima.org/doc?oid=59446#.WxSZWEgvxPY McFarlane, T. (2014, April 30). 4 Action Steps to Help HR Leaders Navigate the Compliance Storm. Retrieved from http://www.brandonhall.com/blogs/4–action–steps–to–help–hr–leaders–navigate– ... Get more on HelpWriting.net ...
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  • 71. Advantages And Disadvantages Of Global Sourcing Introduction: Global sourcing is the process of sourcing goods from international markets. It aims at efficiencies of the international markets such as labor cost, cheaper raw material procurement, tax break, economic factors, changing technology etc. Advantages of Global Sourcing: 1. Learning how to do business successfully: By global sourcing helps to acquire 2. Finding and developing alternate supplier: Disadvantage of global sourcing 1. Hidden cost 2. Learning about different culture Customer involvement in product customization has become greater trend for that outsourcing has become core competence within the organization. Today outsourced product or commodity are considered as developed components. Unit procurement cost ... Show more content on Helpwriting.net ... The emergence of system integrators offering multiple vendor solution is driven by their business customer's demand for more complex integrated solution. The core driver of the latest form of the global (ie., both onshore and offshore )outsourcing is the heightened organizational and technological capacity of firm in decoupling and coordinating a network of remotely located external suppliers performing an intricate set of activities ( Levy 2005). In business to business marketing context the firms providing integrated solutions to their business customer's by organizing their global internal and external activities because high demand for complex integrated solution (Davies, Brady and Hobday 2007). After gaining valuable external knowledge a firms need to use it absorptive capacity in exploiting externally generated knowledge and there by transforming these knowledge and applying this knowledge to create firms value (Zara and George 2002). The strategic fit perspective asserts that the environment and strategy interact in a dynamic coalignment process and a match between them would exert a positive impact on performance (Venkatraman and ... Get more on HelpWriting.net ...
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  • 75. Crowd Sourcing What is crowd sourcing? It is a free way of gaining knowledge from a large array of people. "Today, crowdsourcing is used in investing, in creative work and in funding start up projects." (2014) Where some may have knowledge of the topic and others may not. Crowd sourcing has grown with the help of the internet allowing more people to interact with the companies or government agencies. With the help of the internet people have begun to invent apps that are used for crowd sourcing. In the world of advertising crowd sourcing has been around for years with the power of the internet it has transformed into a business for the average person. The internet has transformed crowd sourcing into a business for the individual as well as for the different advertising businesses or government entity with the help of the internet. It gives an individual a chance to compete for the different contests or jobs that marketing and advertising firms generally would have to develop campaigns for or a chance to comment on a topic that they may have knowledge to help solve a problem otherwise give advice. When you look at the "Man's Best Friend "ad that was created for around twenty dollars and won the ad campaign for Doritos. (2012) Which is huge to ... Show more content on Helpwriting.net ... The company BP tried crowd sourcing after a huge oil spill in the Gulf of Mexico. (2010) It gave them the idea that average people could come up with ideas to help them with resuming the flow of oil when the ideas coming from in house were inadequate, they had in the neighborhood of twenty thousand recommendations. Which some people feel is not crowd sourcing but community affairs. I feel as though it is part of crowd sourcing and community relations as well for the people to feel like they have made a contribution in solving the ... Get more on HelpWriting.net ...
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  • 79. Swot Analysis : Global Marketing 1. Introduction Global competition causes shortened life cycle for most products and companies can no longer take the polycentric approach to international business. If a company takes the polycentric approach to a foreign market, a globally oriented competitor will overcome their initial competitive advantages by blanketing the global markets with similar product in a short period of time. It is imperative for companies to acquire capabilities to generate sustainable competitive advantages over their competitors. How to source globally is a critical strategic plan influenced by the need to compete. In highly competitive markets, manufacturers either produce in low–cost locations or outsource their components from low–cost producers on ... Show more content on Helpwriting.net ... Close coordination between R&D, manufacturing, and marketing activities across national boundaries is a requirement for global sourcing strategy (Kotabe & Helsen, 2004, Chap. 10). However there are always conflicts due to different objectives between R&D, manufacturing, and marketing. Excessive product modification for the ever–changing customer needs will forsake manufacturing efficiency and have negative cost effects, except for perfectly flexible computer aided design and computer aided manufacturing facilities. CAD and CAM has improved tremendously in recent years but the full benefit of flexible manufacturing still have a long way to go. However in the case of excessive product standardization in order to lower manufacturing cost will have negative effects on customer satisfaction. Innovative product designs and feature desired by customer maybe a technological feat but might not be conducive to manufacturing. Product design for manufacturability and product standardization has become important strategic issues. It is imperative for companies to develop a sound sourcing strategy in order to exploit efficient R&D, manufacturing, and marketing on global basis. Product designers, engineers, product managers, purchasing manager, among others play important roles in corporate strategy development. As for car manufacturing, Toyota's global sourcing ... Get more on HelpWriting.net ...
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  • 83. Global Sourcing Benefits and Challenges for H&M MO358 Strategic Supply Chain Management Global Sourcing– Benefits and challenges for H&M Northumbria University, UK Abstract Global sourcing is a technique of strategic sourcing in the global strategy, which is an effective approach as a part of organization's procurement section. The objective of global sourcing is to develop global efficiencies in the delivery of a product or service for the firms achieving a sustainable competitive advantage and this is an important weapon have been focused in the 21st Century. The well–known organization, Hennes and Mauritz (H&M) is one of the largest international fashion retail and production house with the great deal of businesses all over the world. In the today's competitive market and ... Show more content on Helpwriting.net ... The reason of the creating competitive pressure to firms is that which from the enhancing the quality but decreasing the price synchronously. The key of success is that the firms and organizations which treat "Global Sourcing" as a weapon fighting with its competitors. "Global sourcing is defined as sourcing the technology, materials and components from sites and supplies located throughout the world. It also means the integration and coordination of requirements across worldwide business units" (Monczka & Trent, 1991, pp2–7). Currently, the developing countries of Asian and Eastern is both of the main sourcing regions and production providers to the world, these countries offers a great deal of low cost and skilled labours, relatively low price raw material which creating the ideal ... Get more on HelpWriting.net ...
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  • 87. Strategic Sourcing at China Learning that lasts through AGES Dr. Lila Davachi, Dr. Tobias Kiefer, Dr. David Rock and Lisa Rock NeuroLeadershipjournal issue THREE 2010 The attached copy is furnished to the author for non–commercial research and education use, including for instruction at the author's institution, sharing with colleagues and providing to institutional administration. Other uses, including reproduction and distribution, or selling or licensing copies, or posting to personal, institutional or thirdparty websites are prohibited. In most cases authors are permitted to post a version of the article to their personal website or institutional repository. Authors requiring further information regarding the NeuroLeadership journal's archiving and ... Show more content on Helpwriting.net ... Yet our ability to absorb new ideas is not dissimilar to our capacity to absorb food: there are physical limits to the digestion of both. To try to address this, more learning is being pushed to 'pre–work', in the hope that participants arrive at a training program already knowledgeable about core ideas. This works only partially due to the mixed level of focus people give to a pre–reading. Increased organizational change is increasing pressure on learning. Organizations are also experimenting with just–in–time learning, delivered by managers rather than trainers. The downside of this approach is that most managers are selected on their skill–set and are not always optimal teachers. However, organizations consciously investing 1 © NeuroLeadership Institute 2010 For Permissions, email support@neuroleadership.org Summary Issue three 2010 In summary, learning managers are attempting to evolve their learning offerings to meet the changed environment and needs. Yet, by and large, they are doing so based on guesswork, without a good theory to inform their experimentation.
  • 88. Learning means retrieving easily © NeuroLeadership Institute 2010 For Permissions, email ... Get more on HelpWriting.net ...
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  • 92. China Sourcing Agent Essay How You Can Benefit By Working with a China Sourcing Agent (–– removed HTML ––) How You Can Benefit By Working with a China Sourcing Agent (–– removed HTML ––) The world has shrunk because of globalization, eroding national borders and greater access to digital communications, but make no mistake: There are still many cultural differences, regionalisms and misunderstandings. This is especially true in trade between China and the United States. Savvy marketers and others doing business in China know that one of the most proactive solutions to smooth trade is to work with an experienced China sourcing agent. It's possible to do your own sourcing on Alibaba or Aliexpress, but the process is labor–intensive and prone to ... Show more content on Helpwriting.net ... There are more than 100 languages used in China, and many of these have regional and local dialects so that standard translation software can't begin to translate all these variants consistently and accurately. [1]. Mandarin was named the official language of the People's Republic of China on October 31, 2000, but small operations scattered throughout the country's vast territory might have missed the memo. (–– removed HTML ––) (–– removed HTML ––) (–– removed HTML ––) Get Better Prices and Smaller Minimum Order Quantities (–– removed HTML ––) The right agent can arrange a smaller order at better prices. You won't need to place a massive order just to get cost breaks. Finding the right supplier can be very difficult for outsiders who aren't familiar with China. Communication can become difficult, and assessing whether a given supplier is ethical, capable and experienced enough to handle your order and deliver quality results can be impossible for foreign managers with little or no experience in dealing with Chinese people and companies. Some companies take advantage of new U.S. companies by setting very high minimum order quantities, or MOQs. If the products in a large order are also of poor quality, the buyer could easily get in trouble fast. (–– removed HTML ––) (–– removed HTML ––) (–– removed HTML ––) Organize Product Customizations with Reasonable MOQs (–– removed HTML ––) Unfortunately, many Chinese companies won't customize ... Get more on HelpWriting.net ...
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  • 96. Chinese Sourcing Quantization (–– removed HTML ––) (–– removed HTML ––) Offer Drop–Shipping and Warehousing for Small Quantities of Goods (–– removed HTML ––) An experienced agent can arrange drop–shipping convenience so that orders can be sent directly from Chinese companies to your customers. That means you won't need to warehouse, store and manage inventory for these goods, which saves a lot of time and money. Sourcing agents often own small warehouses that can be used to store small shipments until you collect enough items to send in a large, more economical shipment. This is a benefit that's often overlooked when dealing with a Chinese sourcing agent. (–– removed HTML ––) (–– removed HTML ––) (–– removed HTML ––) Connect with Respected Companies (–– ... Show more content on Helpwriting.net ... (–– removed HTML ––) Statistics Show Astonishing Opportunities for China Trade (–– removed HTML ––) The trade in goods and services between the United States and China reached $648.2 billion in 2016. [2] China is now the largest trade partner of the United States for combined imports and exports, and tapping this rapidly expanding market is critical for any company that wants to market products globally. The U.S. trade deficit with China in goods was $347.0 billion in 2016. However, the United States enjoys a surplus of 37.4 billion in exported services to China. This healthy a vibrant trade between the two countries should serve as confirmation of the value of trading with China. You can make this process much easier, learn what you need to know and get an experienced advocate on your side by hiring a Chinese sourcing agent to act on your company's behalf. (–– removed HTML ––) Advantages of Expanding Your Trade Options in China (–– removed HTML ––) The costs of manufacturing are cheaper in China because of lower wages and a lower cost of living than in the United States. Cheap labor means that many locally produced goods are competitive with Western products while costing considerably less.The top U.S. imports include sports equipment, apparel, footwear and consumer goods. The United States commonly exports medical instruments, iron and steel, plastics, agricultural ... Get more on HelpWriting.net ...
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  • 100. Improving Procurement And Sourcing Efficiency Pursuit for competitive advantage is vital for the survival of any business organization's supply chain. Businesses are feeling the difficulty to improve procurement and sourcing efficiency. The value that can be achieved through successful procurement practices is often a lot harder to achieve than many companies actually realize. If a company expects to grow and survive, it constantly needs to add value. Procurement is one area that has become a critical area of focus to create a more competitive and efficient supply chain. In the past, procurement was seen as insignificant to other areas of an organization. However, implementing cross–functional teams to continually review suppliers ensures that an organization benefits from the best ... Show more content on Helpwriting.net ... Fortune 500 companies like IBM, Dell, and Delta Air Lines are spending higher than 50% of their revenues on procurement. For a long time, procurement has been looked at as negotiating to get better prices. Many organizations still view procurement as a way to influence spending to get discounts and lower costs from their suppliers. However, sustainability and the supply chain risks that companies face today call for procurement to be different now. Organizations can see real savings by looking at total cost of ownership, which can include a lot of the end–to–end supply chain costs. Disruptions are unavoidable and every decision involved in the procurement process has a risk factor to it. In order for procurement to influence and affect a company it must present a business case that it is a value added function. An organization can add value long term with its ability of purchasing within procurement. Organizations need to stop short–term thinking because of the high–risk levels associated with this. Procurement decisions can add a lot of value to a company, but organizations need to think of the long–term implications of their decisions. Purchasing is important to competitive advantage because it increases value and savings for a firm. Purchasing can build relationships, drive innovation, improve quality, and reduce products time–to–market. Suppliers have a huge impact on organizations total costs because most product features come from ... Get more on HelpWriting.net ...
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  • 104. Sourcing Strategy at General Mills Developing a sourcing strategy is vital with my new "buyer" position at General Mills. I need to consider what General Mills is looking for and what best suits their company. The first step I need to take in developing a sourcing strategy is to conduct an assessment of General Mills current spending. According to General Mills' Annual Report, the payments due in 2014 are $3,844,200. This amount includes long term debt, accrued interest, operating leases, capital leases, and purchase obligations. At this time, General Mills can expect to spend $2,730.70 on cocoa each month. The second step will be assessing the supply market and discovering who offers what. General Mills is a member of the World Cocoa Foundation, which helps create contact with cocoa farmers, origin governments, and environmental organizations. It is very important to consider environmentally and labor friendly options when developing my sourcing strategy for cocoa beans. General Mills does not want to risk partnering with an unethical cocoa farmer who violates labor laws using young children or putting the workers through harsh conditions. Next I will need to conduct a total cost analysis to see how much it would be to purchase cocoa. The monthly cost of cocoa beans fluctuates monthly. In January, 2010 cocoa beans were being sold at their highest– $3,525.12. Currently, cocoa beans are sold for $2,730.20. It may be wise to purchase a larger amount of cocoa beans when the cost of them declines, to save ... Get more on HelpWriting.net ...
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  • 108. Ethical Sourcing And The Supply Chain Ethical Sourcing and the Supply Chain Growing competition and the ever increasing emphasis on cost reduction and efficiency has caused many firms to outsource various components of their operations outside of the country. As firms are thrusted into the global marketplace and transformed into multinational corporations (MNCs), new challenges arise related to the differences/disparity in corporate social responsibility (CSR) practices between countries (Chandler & Werther Jr., 2014; Cruz, 2013). Globalization has increased companies need to consider the importance and strategic value of CSR (Chandler & Werther Jr., 2014; Cruz, 2013). At the forefront of international CSR issues, is the consumer demand for ethically managed supply chains. Cruz (2013) stated that "poor CSR performance, at any stage of the supply chain process, may damage a company's most important asset–its reputation" (p. 3995). Based upon a case study on the outsourcing of production activities by Apple Inc. to the controversial contract manufacturer Foxconn, this paper will discuss whether or not firms have responsibility for the supply chains they choose to utilize. The paper will also highlight some of the advantages and disadvantages of Apple's outsourcing decision, along with cost–benefit analysis of such decision. Supply Chain Responsibility As companies increase their global presence through the outsourcing of manufacturing activities, the question of Who is responsible for ensuring the supply ... Get more on HelpWriting.net ...
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  • 112. Stryker Corporation: in-Sourcing Pcbs Stryker Corporation: In–sourcing PCBs Table of contents: Executive summary 1. Introduction 2. Analysis of current position 3. Analysis of new project 3.1 Methodologies and processes of Valuation 3.2 processes of Valuation 4. Conclusion References Appendices A & B Executive summary: The executive for Stryker Corporation recently considered setting up own factory to produce Printed circuit boards (PCBs) – a key electronic component of many of Stryker instrument's medical products due to a big concern of current shaky sourcing suppliers. This proposal is targeted on the feasibility of the investment on financial projection such as Net Present Value, Internal Rate of Return and payback period as well as its business ... Show more content on Helpwriting.net ... The actual production would begin in the third quarter of this year, therefore only half year's depreciation should be counted on Equipment and IT communication in 2004 (According to Appendix A). The following years (2005–2008) incremental cash flows are computed by the same method. However as the IT equipment and furnishings would be depreciated on a straight line basis over 3 years, thus in year four (2007), there would be only half a year's deprecation left and after that it will be used up. The last year's net cash flow in 2009 should be included the extra terminal Value on that year, which includes 24 years' residual value on building and one year and a half residual value on equipment totaled $2,990,412 with two assumptions of by using residual book values for the building and operating equipment and there will be no further NWS advantage after year 2009. Finally, by obtaining 6 years' incremental cash–flows and discounting them back to time zero (with the estimate rate of return by 15%) lessing initial cost to get an appealing NPV of $1190528 (Luehrman, p. 3). Internal rate of return (IRR) and Payback period "IRR of a project provides useful information regarding the sensitivity of the project's NPV to errors in the estimate of its cost of capital" (Pierson et al.2011, pp.157).This proposal also shows the project is profitable by using Excel to get the IRR of 18.9%, which is ... Get more on HelpWriting.net ...
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  • 116. Should The Government Use Crowd Sourcing? Crowd sourcing is being used in a wide variety of ways on the Internet, and it continues to evolve. Companies use crowd sourcing to develop new ideas and designs. Police have been known to use crowd sourcing to solve crimes, such as after the Boston Marathon bombing. Even governments have enlisted crowd sourcing to come up with ideas and to help determine what should be cut in their budgets. Now that governments have the Internet to reach the public and gather ideas from them can it be done properly? By using mass collaboration, there is the opportunity to make wide sweeping changes within the government. According to Natalie Evans, this could be important in deciding where cuts need to be made in public spending (de Castella, 2010). It is great that the government wants to seek the public's opinion, but will they be willing to put those ideas into action? Probably not if it does not fit into the political agenda. Then there is the overwhelming number of ideas from citizens on what laws should be repealed. How can all of these ideas be filtered and who decides what is filtered out? In the end, crowd sourcing for the government is just not workable. Perhaps crowd sourcing would best be used by solving crimes. ... Show more content on Helpwriting.net ... Photos and videos are more accurate than people's memories and could be a great way to solve a crime. To have many eyes looking through photos and videos, crowd sourcing may solve crimes quicker than ever before. The general public might just catch information that the police have ... Get more on HelpWriting.net ...
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  • 120. Crowd Sourcing Paper Every organization works for its ultimate goal of attaining profit and to enjoying a good name in the society. Organizational success depends upon how the organization manages the information and process for attaining the target. For that the organization should have its own strategies and technologies for adequate knowledge management. Due to the drastic changes which has happened in our organizational working climate, career management intervention has to be given due importance for the performance of the workers. Human resource is considered as the most important asset of an organization but it is a true fact that no human being is complete. Solving of problems happens through sharing of experiences and knowledge among the individuals. However, individual career ... Show more content on Helpwriting.net ... The process of obtaining information by enlisting the services of a large number of people, either paid or unpaid, typically through the Internet is known as crowd sourcing.The term "crowdsourcing" was coined in Jeff Howe and Mark Robinson (2006) ,which describes how businesses were using the Internet to outsource the work to a large and heterogenous undefined general public usuall in the form of an open call . The emergence and popularity of the crowdsourcing phenomenon can be largely attributed to the rise of the Web 2.0 (Füller, Bilgram, Koch & Rapp, 2013) Crowd sourcing is based on the concept of collective intelligence: Selzer&Mahmoudi (2006 ) told that under the right circumstances, groups are remarkably intelligent, and are often smarter than the smartest people in them. Crowd sourcing gives access to ideas, innovations and information(Aitamurto et al., 2011; Estellés–Arolas& González–Ladrón–de–Guevara, 2012; Sloane, 2011). So crowd sourcing is worthwhile for the success of any type of organization without any distinction between profit ... Get more on HelpWriting.net ...
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  • 124. Strategic Sourcing Chapter 1 Introduction 1. Capturing The Trends Long before your first bite of a mouth–watering, delicious Cadbury chocolate, there is a long and complex logistical chain that must be in place to bring this pro–typical chocolate to you. It may not be immediately apparent to the Cadbury buyer that the ingredients have travelled from other parts of the world. [pic] Figure 1. A complex and diverse supply chain of Cadbury Chocolate Bars The processes involved in making Cadbury Dairy Fruit & Nut, at the factory in Bournville in the United Kingdom, give a good illustration of how strategic sourcing is applied in Cadbury supply chain. Table 1. Cadbury Sourcing |Ingredient |Sourced From ... Show more content on Helpwriting.net ... For those missions, the Polaroid camera that was fine for backyard barbeques wouldn't do. Neither would the Nikons or Leicas used by professional photographers. NASA needed the best of the best. It needed Swedish–made Hasselblad, the Stradivarius of cameras. 4. Lower total cost of goods. Even with the price of the goods, transportation, taxes and import duties, some goods can be acquired cheaper abroad, at lower cost countries. This is one of the major reasons companies first consider offshore sourcing. 5. To establish additional sources of supply. Don't put all your eggs in one basket. That is why we make contingency plans, and that is s why working with multiple suppliers is a good thing. Shoe and athletic apparel giant Nike, is one of many examples. It contracts with more than 700 factories in 52 nations. Having such a broad supplier base ensure that supply chain disruptions in one factory or region can be absorbed by suppliers in other regions, and thus minimize the impact to Nike. With globalization being a key influence in the outcome of sourcing and eventual complete market product, it is evident that with global supply and resources, a manufacturer can tap into the various options in resources, technology, methodology and lower production costs. However, it is also vital for the manufacturer to ... Get more on HelpWriting.net ...
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  • 128. Strategic Sourcing Essay workforce. Particularly, they noted that those individuals with "special skills" are not working in conventional ways anymore. Full time employment is also not necessary as talent can be sourced and utilised part–time and it can be borrowed from another organisation such as hiring consultants from a consulting firm. Thus, the authors reminded us that strategic sourcing is about choosing the right options and method of searching and acquiring the specific talent needed by the organisation. Employees today are also aware of their importance and the shortages of talent supply that is why focusing on sourcing talent or recruitment is at utmost importance of the organisation. More importantly, as an organisation sourcing for talent, it is a must to ensure positive experience reflected on the organisation's values, are felt by the applicants all throughout the recruitment process to ensure that the applicants maintain its high perception to the company and as such, the applicants may then refer other talents to the organisation. Doing so, enables the organisation to set its brand which is now, one of the most important considerations of applicants in accepting the job offer. Another aspect to consider is the value proposition of the organisation to the applicants or in other words what are the skills, learning, knowledge and experiences that the company can offer to the applicants which can be one of the factors for the applicant to accept the job offer. Lastly, the ... Get more on HelpWriting.net ...
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  • 132. Case Study Of ABB Company Background ● ABB is a multinational corporation headquartered in Zurich, Switzerland. It operates mainly in robotics and the power and automation areas. ● It is one of the largest engineering companies in the world. ● It operates in around 100 countries, with approximately 150,000 employees in November 2013. ● ABB was first incorporated in India in 1949 and today it has offices all over the country, with its head office in Bangalore, employing over 10000 employees. ● ABB India works with a multiple of projects and fixed manufacturing simultaneously. ● The level of number of employees will vary with the current operations and will be widely differing in terms of type of job and employees that they need. ● At ABB India, they ... Show more content on Helpwriting.net ... ○ Online Website ■ The most common way of getting applicants for the new positions is by posting an advertisement on the company website. ■ This is their primary channel for application. ■ A detail description of the position, location and the hiring process is mentioned. ■ The company website also allows you to choose from the various openings they have for various positions and keep it as a shortlist for later reference. ■ The portal allows the applicants to create a login ID and password and upload their resume through the ID on the company portal. ■ The portal also asks to fill is basic additional details like contact number , address etc.It takes 10 to 15 minutes to complete the online application process. ○ Online Job Portals ■ Advertisements about the job openings are also posted in few of the online job portals. ■ Though ABB does not depend on hiring through Agents but this largely depends on local practice. ■ In India, Job advertisements for ABB appear in Timesjob.com,Naukri.com and Indeed.com. ■ Job openings are also given on glassdoor.com. ■ The process remain fairly the same. Uploading of Resume on the portal with basic additional ... Get more on HelpWriting.net ...
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  • 136. The Supply Chain And Alliances Retail is a globalised industry, where products may be sourced and produced in one country, but sold in another. This requires collaboration of the different roles involved in the supply chain and alliances to be formed, in order for each of the different roles to complete their business objectives. The supply chain is the connections of movements, systems and businesses that work together to produce and sell a product. The suppliers and retailers, in particular, must go hand in hand if either of them are to succeed. It is with the help of the buyers and merchandisers, that the suppliers and retailers are able to connect and build up relationships. It is dominantly the buyer that works to bring the suppliers and retailers together. It is part of a buyer's role to work closely and build up relationships with suppliers to ensure everything runs smoothly and quality standards are being met on behalf of the retailer. There are a number of factors that a buyer must take into consideration when sourcing the right supplier for a retailer. The suppliers must be able work efficiently and effectively to follow all instructions given to them by the buyer, this is to ensure that the correct standard of work, set by the retailer, is produced. For the relationship to work, communication is key. The suppliers must have consistent communication with the buyer, whether it be written, verbal or electronic in order to avoid any problems and solve any issues. Retailers want to keep their ... Get more on HelpWriting.net ...
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  • 140. Essay about Single Sourcing In The Public Sector Develop an argument for or against single sourcing and close supplier relationships in public sector procurement. Argue for single sourcing, or argue against single sourcing. State your claim, your reasoning, your evidence and any anticipated objections or rebuttals, and draw a conclusion. Definition Before anything else, I would like to clarify the difference between the single sourcing and sole sourcing. Single sourcing is refer to purchase from one selected supplier, though there may have other suppliers provide the similar products or service, which is mean the purchaser has a choice to switch suppliers, but for the strategic and some reasons like cost , purchaser decides to use only a specific supplier. Sole sourcing is refers to ... Show more content on Helpwriting.net ... This accounted for 367 cases, or 51% of the entire sample. Reporting corruption in broadcast and print media: the case of Albania So I think this is a very dangerous position for anyone to be in, use single sourcing stragisty is not only created much problem in the world of public procurement as it violates public trust in the system and go against transparency but also puts the purchaser at a disadvantage when negotiating a contract and can result in increased costs to taxpayers, since they are so dependent upon the services/product of a single supplier. Solutions Therefore, in an ideal world, as public purchaser must be proactive in trying to avoid the single source; unfortunately, this is not always the case. The following actions will help reduce single source purchases; First, the top solution is not to enter into a single source procurement situation in the first place. It is very important for the public procurement there is no charge of corruption can be levied at either party, government or organization should rigorously review their purchasing strategies to ensure that this does not happen. Second, always make sure there is an alternative source. As I mentioned before, this is much easier with single source procurement (but not sole source), since other similar suppliers could be able to supply similar products with more or less that same quality as the previous suppliers. Third, do not put the eggs all in one basket, ... Get more on HelpWriting.net ...
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  • 144. Sourcing Strategy For Ikea Company 5) Sourcing Global sourcing is an important sourcing strategy for IKEA Company. According to Hultman, Hertz and Johnsen (2012), in 2008, IKEA has 54 different sourcing countries and 30 purchasing departments which were located all over the world. With the expansion of its market, IKEA was not satisfied with selling its product only in domestic and Nordic market instead it put its higher goal in global market. Therefore the sourcing market also expanded with the growing market. There were 64% of its products were sourced from European countries which were mainly in eastern part like Czechoslovakia, Rumania and Hungary; China with a 22% share of the supply was the largest single supply market, and Poland with a 16% share (IKEA 2007). However, IKEA also trades off the cost of raw materials and cost of transportation, hence IKEA combined the Global sourcing with local sourcing strategy to lower the total cost. Example of sliding doors of PAX wardrobe Table 1.Global sourcing setup of major component categories associated with the sliding doors for the PAX wardrobe system in 2009. IKEA's products like the PAX wardrobe, the BILLY bookshelf, the LACK table and the SULTAN bed, sold in IKEA store are to a large scale sourced from a global network of suppliers. To take the sliding doors of PAX wardrobe as an example, IKEA just sourced different parts of the door form different countries but within consideration of total cost. Table 1 shows an overview of 8 major component of the ... Get more on HelpWriting.net ...
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  • 148. Supply For A Continuous Supply cannot ensure a continuous supply for the product UV4 from its sourcing country, China, because the Chinese governmental ban on the use of UV4's raw material. He has to make a plan by the next day to address the short–term shortage of supply. Associated Issue The higher level of issues that should be taken into account are: global sourcing; strategic sourcing; supplier management; cost analysis; supplier relations and risk management. Issue Analysis Major of facts The company had annual sales of $140 million, employed 400 people in offices around the world The crystal quartz sleeve that acted as an ultratransparent barrier between the water and the UV lamp are very expensive and difficult to procure The company had traditionally ... Show more content on Helpwriting.net ... – Because this purchase from AMS is 30% of total sleeve cost, the total spend for this commodity was approximately $1.7 million (510,000/0.3) – Trojan's piece price cost from Juntao was 30% of its cost from AMS, which is approximately $15.30 per sleeve or $153,000 per year. – After the ban rule, is Juntao import raw material will lead to a cost of $28 per sleeves, and $280,000 per year. – The $77 cost from AMS is approximately at 50% premium. According to the 80/20 allocation plan, the annual cost would be $154,000(2000*77). Purchases from Juntao would be $122,400 for 8,000 units, which is a total cost of $276,400 – a net reduction of 46% in costs. – If Trojan buy 100% from AMS, its costs would be $770,000, a premium of $260,000. – Based on annual revenues of $140 million and unit sales of 500 to 600, the average unit sold has a value of $233,000 to $280,000. Alternative solutions 1. First, Juntao imports raw materials. The costs would increase by approximately $127,000(28– 15.3=12.7, 12.7*10000). Pros: It might be a long–term solution, because Trojan want to keep its LCS and global sourcing strategy. Cons: It will not address the short–term supply shortage problem because import material is available in next month. This option is somehow risky, because we don't know if Juntao has ability to secure appropriate ... Get more on HelpWriting.net ...
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  • 152. Ikea's Global Sourcing Challenge IKEA's Global Sourcing Challenge: Indian Rugs and Child Labor (A) Case Synopsis IKEA is a "privately held, international home products company that designs and sells ready–to–assemble furniture such as beds and desks, appliances and home accessories" (www.worldisyouroyster.com). The company was established in 1943 by Ingvar Kamprad in Sweden when he was just 17 years old. Kamprad himself, who still owns the private company, is rumored to be the world's richest man. IKEA is currently the world 's largest furniture retailer and arguably the most successful global retailer. Being one of the biggest global retailers, IKEA benefited a lot by the globalization of its business; IKEA's target market is the global middle class who is ... Show more content on Helpwriting.net ... He refused to let the IKEA preview the video; however he invited them to send someone to take part in a live discussion during the airing of the program. According to Barner, "it was immediately clear that this German–produced program planned to take a confrontational and aggressive approach aimed directly at IKEA and one of its suppliers" (Bartlett et al 8). The refusal to show the movie to IKEA implicit shows that their intention is not to hear about IKEA's engagement but having someone to blame. The discussion might have an aggressive and confrontational attitude towards IKEA for using a supplier, which employs children and suggesting IKEA a reckless company just caring about profit. Barner should first of all understand the situation thoroughly before taking any steps against Rangan Exports. The Global sourcing always brings with it the social, cultural and regulatory differences which should be dealt with effectively to ensure success in global supply chain. She should help Rangan Exports to avoid using child labor in production of rugs by bringing awareness about such social issues and how it impacts the life of child in physical, mental, spiritual, moral, and social terms. She should even pressurize the supplier for avoiding child labor in production. A live discussion would give IKEA the possibility to explain themselves and their intention concerning their engagement in India. Barner could make her intentions clear as she is feeling that ... Get more on HelpWriting.net ...
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  • 156. Disadvantages Of Sourcing Securities Definition of Sourcing Securities A simple definition of sourcing security is any proof of ownership or debt which has given value and can be sold. (Today, the proof of ownership may be a computer file, while if it is a piece of writing paper.) For shareholders, the security is an investment owner, creditor or the right to possession of any person who wishes to make a profit. Examples are stocks, bonds and options. There are two type of sourcing securities which is outsourcing and insourcing. Outsourcing Securities According to financial dictionary, Outsourcing securities is a practice of companies hiring another company to keep companies' data. Another definition of outsourcing is bonding the duties of internal business to a third party organization. For example, a company ... Show more content on Helpwriting.net ... Long–term investment. If the development project is run in–house, it could come with a hefty price tag. The companies will create long–term investment in it. Having the employees up–to–date with what's happening in their specific industry will also benefit their company in the long run. So in other words, they will end up saving money and won't need to constantly outsource to specialists, the company will have them right in the organization. The disadvantages of Insourcing Securities: 1. The cost of personnel requirements. The company must takes responsibility for sick leave, annual leave, casual leave, pension fund contributions, medical aid or provident fund contributions to their employees. 2. Absenteeism problem. A company might face the problems of absenteeism among Security Officers because of sickness or vacations. As a result, more problems arise for the management of the company while ensuring that the required number of personnel will be on hand consistently. 3. Controlling disciplinary problems Controlling discipline can be very time consuming, can result in substantial costs in man–hours for record keeping and hearing, and can be a burden to management. ... Get more on HelpWriting.net ...