1) What approach would you take if asked to re-evaluate your organization's current sourcing strategy? What factors would you consider and how would you prioritize them? What impact does the decision about where and how much inventory of raw materials to procure have on your analysis?
2) Compare your own organization's sourcing strategy with that of a competitor who has taken a different approach. Hypothesize why you should chose a different strategy. Does either or both support their organizations' vision and competitive advantage? How do these strategies relate to the global nature of today's marketplace?© BrainMass Inc. brainmass.com September 24, 2018, 7:46 am ad1c9bdddf - https://brainmass.com/business/supply-chain-management/supply-chain-and-sourcing-strategy-223956
Supply chain/sourcing strategy
1) What approach would you take if asked to re-evaluate your organization's current sourcing strategy? The approach that one should take when asked to re-evaluate my organization's current sourcing strategy should be to evaluate the suppliers from whom our company buys. In addition, my company should evaluate the quantities it is buying from each supplier. In my opinion the supplier mix that my company uses should be changed. Next, my company should re asses what we need to buy from a given supplier. Finally, we need to assess how the buying practices of the organization should be changed. What factors would you consider and how would you prioritize them? My company makes plastic molding products and I feel that the procurement strategy for plastic pellets, color pellets and additives should be reevaluated. The priories for sourcing should take into account, the quality of ...
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