STRATEGIC SOURCING
MNP3701
2
Index Page #
CHAPTER 1 : INTRODUCTION TO PURCHASING AND SUPPLY CHAIN MANAGEMENT
... [Show More] ...........................................................8
Building Relationships And Driving Innovation .........................................................................................................8
Improving Quality And Reputation .....................................................................................................................8
Reducing Time To Market ..............................................................................................................................8
Managing supplier risk...................................................................................................................................8
Generating Economic Impact............................................................................................................................8
Contributing To Competitive Advantage................................................................................................................8
UNDERSTANDING THE LANGUAGE OF PURCHASING AND SUPPLY CHAIN MANAGEMENT ......................................................8
Supply Chains And Value Chains ........................................................................................................................9
Emerging SCM Technologies .......................................................................................................................... 13
Figure 1: THE DEVELOPMENT OF PURCHASING INTO STRATEGIC SOURCING, AND THE EVOLUTION OF SUPPLY MANAGEMENT .. 14
CHAPTER 2: THE PURCHASING PROCESS ............................................................................................................ 15
Elements Of The Purchasing Process ................................................................................................................ 15
Purchasing Objective .................................................................................................................................. 15
Supply Market Intelligence ........................................................................................................................... 16
Reasons For Not Being Strategic .................................................................................................................... 16
Strategic Supply Management Roles And Responsibilities Purchasing Responsibilities ............................................................ 16
Purchasing Responsibilities ............................................................................................................................ 16
Improve The Procure-To Pay Process ............................................................................................................... 18
P2P process as a cycle consisting of six major stages: ............................................................................................ 18
EXHIBIT 2.3: THE PURCHASING PROCESS ....................................................................................................... 18
Benefits of Electronic Documents .................................................................................................................... 18
Improving the Procure-to-Pay-Process consists of: ................................................................................................ 19
1. Forecast And Plan Requirements ............................................................................................................ 19
2. Clarify Requisition Needs.................................................................................................................... 19
Approval, Contract, And Purchase Order Preparation .............................................................................................. 21
Consists of the following:............................................................................................................................. 21
Types Of Purchases ................................................................................................................................... 22
Improving The Purchasing Process ................................................................................................................... 23
Purchasing Objectives Summary ...................................................................................................................... 23
STUDY UNIT 3: CHAPTER 4: SUPPLY MANAGEMENT INTEGRATION FOR COMPETITIVE ADVANTAGE ..................................... 24
Integration............................................................................................................................................. 24
Supply Integration Defined........................................................................................................................... 24
Elements of Supply Integration ...................................................................................................................... 24
Internal Linkages ...................................................................................................................................... 24
External Integration .................................................................................................................................. 24
External Linkages...................................................................................................................................... 24
Buyer-Supplier Collaboration ......................................................................................................................... 25
EXHIBIT 4.2: CHARACTERISTICS OF THE BUYER-SELLER RELATIONSHIP.................................................................. 25
Advantages of Closer Relations ...................................................................................................................... 25
Figure 3.1: Characteristics of the three principle classes – transactional, collaborative and alliance buyer-seller relationships ............ 26
Obstacles to Closer Relationships .................................................................................................................... 26
Critical Elements for Supplier Relationship Management (SRM) ................................................................................... 27
The following skills are required for effectively managing buyer-seller relationships: .......................................................... 27
Critical Elements – “Little r” ......................................................................................................................... 27 [Show Less]