Procurement and Outsourcing Strategies
Not what you're looking for?
What are some procurement and outsourcing strategies?
Course Material: Simchi-Levi, D., kaminsky, P., & Edith, S.-L. (2008). Designing and Managing the Supply Chain: Concepts, Strategies and Case Study. New York: McGraw-Hill Companies Inc
Purchase this Solution
Solution Summary
This posting gives you a step-by-step explanation of Procurement and Outsourcing strategies . The response also contains the sources used.
Solution Preview
Step 1
Some procurement and outsourcing strategies are based on considerations such as expertise, relative coast, and time sensitivity. One procurement strategy is to select an optimum mix of vendors wo can provide the best prices and terms. This strategy is based on the selection of supplier. Another procurement strategy is to select vendor based on his ability to provide increasing quality service with zero errors. This strategy is based on the quality of inputs. An important procurement strategy in global business is based on risk management. The company selects the supply source based on risks related to the procurement. For instance, supplies can be obtained from countries at very low prices. However, these advantages must be balanced with the ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.