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Strategic Supplier Sourcing

Filed in archive Supplier sourcing on January 19, 2012

Strategic Supplier Sourcing
© javajoba
The strategic importance of supplier sourcing is sometimes ignored in business decision making. Strategic sourcing involves uncovering methods of procuring the best products and services at the best value. The best place to begin this analysis is to drill down into an organization's spending. Identify what is spent on different products or services and who the suppliers are, and then compare these to alternative sources.

Once these alternative suppliers are found, it may be best to switch to them, or alternatively this information could be used as leverage to renegotiate contracts with existing suppliers. It is important when thinking about the cost of a product that the total cost of ownership is taken into consideration before a purchase decision is made. As global economic circumstances are forcing many firms to find new ways of cutting costs while maintaining the same level of products and service, strategic sourcing is gaining in importance as a concept.

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IT Outsourcing Becomes Uncertain Due To New Privacy Rules In China:

Filed in archive Supplier sourcing on January 11, 2012


The big privacy-laws in India and China can make data-processing outsourcing a hurdle. The Government wants to imply the following laws:

* The individuals / organizations who hold personal data must receive explicit consent to reveal that data to third parties.

* There are some restrictions for collection, processing and maintenance of the personal information.

* The personal data cannot be exported unless specifically allowed by the law or the Government authorities.

These restrictions could forbid outsourcers from the transfer of data received from any company. Yet the timings of implementation and enforcement have not been announced.
These privacy rules will be soon implemented in China which will affect the outsourcing industry.
This new rule leaves the outsourcing companies of China in a perplexed state.

IT Outsourcing Becomes Uncertain Due To New Privacy Rules In China:
© NCVO


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Diversity in Supplier Sourcing

Filed in archive Supplier sourcing on January 7, 2012

Diversity in Supplier Sourcing
© avlxyz
It can be difficult for companies to identify new, quality, diverse suppliers, but certainly not impossible. Especially for companies that want to find resources for diverse supplier sourcing, it can be quite challenging to go through out-of-date or incomplete databases, fragmented resources and expensive software. At the same time, many minority and woman-owned businesses have difficulty sharing their qualifications and developing relationships with purchasing managers, especially at large companies.

But the time and effort invested in this process do pay off, as diversity in sourcing suppliers has been proven to provide a real business advantage. It is possible for a company to reduce purchasing costs significantly by increasing their spend with diverse suppliers. Supplier diversity should be integrated into a company's normal procurement process, and it should be driven by the demand side of the equation, not the supply side.

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