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The document outlines the differences between strategic and tactical activities for an organization, noting that strategic activities include setting goals, challenging norms, developing key metrics, and instituting professional development programs. It states that strategic sourcing focuses on supplier selection, contract negotiation, quality management, and systems. Tactical activities are described as day-to-day supplier interactions and metrics related to production. Critical success factors include strategic supplier alliances, sourcing decisions, professional skills, reporting metrics, separating strategic and tactical activities, and developing commodity expertise.
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“You Have Been Appointed As Head Of Procurement Division Of A MNC. Advise How You Would Procure The Best Material At The Least Possible Cost, Keeping In Mind The Policy Provision Of FTP-2015-20, The Principles And Reservations In Global Sourcing Management”.
Key Characteristics Of The Performance Excellence Criteria
An overview of the key characteristics of the Baldrige Criteria for Performance Excellence, attempting to address the question, "Why use the Criteria?"
Managing your suppliers makes perfect sense
The document discusses supplier management and provides guidelines for companies. It recommends establishing strategic partnerships with suppliers and involving them throughout the product life cycle from concept to delivery. The key aspects of managing suppliers include selecting suppliers based on technical compatibility, quality, cost and flexibility. Companies should treat suppliers as partners, establish collaboration, and monitor supplier performance through regular audits and status meetings. Following a structured supplier management approach provides benefits such as better project delivery, governance, customer satisfaction, and competitive advantage.
Unit 4 tqm
This document discusses various quality management tools including benchmarking, quality function deployment (QFD), and failure mode and effects analysis (FMEA). It provides details on:
- The definition, advantages, limitations, levels, and types of benchmarking as well as the benchmarking process.
- The definition and benefits of QFD.
- An explanation of FMEA including examples and steps.
- Brief mentions of ISO 9000 and ISO 14000 standards.
The Art of Strategic Planning for Leaders.pdf
Strategic planning is an art of formulating strategies, implementing and evaluating them. Equipping leaders and managers with skills such as problem solving, communication,critical thinking, decision making and leadership that are required to plan strategically in a competitive business environment.
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strategicsourcingORG
- 1. Proprietary and Confidential 1 Organization Differentiate between strategic and tactical activities Create a competitive advantage through strategic sourcing Communicate goals and expectations Challenge the status-quo - no sacred cows Create a proactive approach to change Introduce key performance metrics Institute a professional development program Strategic Sourcing becomes a key driver of competitiveness
- 2. Proprietary and Confidential 2 Organization Blueprint - Strategic Supplier selection and evaluation Contract negotiation Volume aggregation Quality management Corporate processes and procedures Corporate commodity strategy development Systems Strategic Sourcing is responsible for creating strategic alliances, setting standards of quality, and determining business unit strategy
- 3. Proprietary and Confidential 3 Organization Blueprint - Tactical Day to day supplier interaction Production plan execution Delivery and inventory Cycle time reduction Tactical metrics development Quality that affects production schedule
- 4. Proprietary and Confidential 4 Critical Success Factors Strategic Supplier Alliances Strategically Based Sourcing Decisions Professionally Focused Skillset Consolidated Reporting and Metrics Separation of Strategic and Tactical Activities Development of Centers of Excellence Commodity Expertise