Purchasing

UNIVERSIDAD AUTÓNOMA DE NUEVO LEÓN

FACULTAD DE CONTADURIA PÚBLICA Y ADMINISTRACIÓN

INTERNATIONAL BUSINESS PROGRAM

PURCHASING

STRATEGIC SOURCING

Teacher: MF, Rosamaria Garcia Tobias

Student: José Raymundo Palomo González

ID: 1591471

Group: 1AI

Cd. Universitaria de Nuevo León, September 5th, 2014

INTRODUCTION

First of all we have to know what does strategic sourcing mean. May be we can think that strategic sourcing is only about focused in the costs for getting the cheapest product or service. The strategic sourcing is actually focused on the total cost of ownership incorporating customer needs, organizational goals and also marketing decisions.

Another function of the strategic sourcing is getting the best product or service for the customers that are going to pay for it. But this products or services must be at the best value.

The objectives of strategic sourcing surround the reduction of the cost while maintaining or improving quality. The strategic sourcing looks for improving the value-to-price relationship, examining supplier relationship across the entire organization, leverage entire organization’s speed , understand category buying and management process, develop and implement multi-year contracts with standardized terms and finally share best practices across the organization .

CONCLUSION

We already know what the meaning of strategic sourcing is, a brief summary is that this strategy is for getting the best products and services at the best value, but to achieve this they have to be focused on the total cost of ownerships.

If any organization or company applies an appropriate strategic sourcing they can have their products or service with the best quality in the market place, because they look for good prices from the suppliers but the materials must have the quality required.

Finally I can conclude that strategic sourcing has many advantages that are: best practice sharing, cost saving, increase quality, spec, standardize pricing, improve operational efficiency, access to new suppliers and create partnerships with suppliers.

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