Global sourcing is an advanced but complex approach to sourcing and supply management. Used survey research, the extent to which companies are currently practicing global sourcing, including the integration and coordination of common items, materials, processes, technologies, designs and suppliers worldwide purchasing, design, and locations. Measure in a sample from the supply … especially executives from large North American multinational companies, especially manufacturers, the m Read more »

Global sourcing is an advanced but complex approach to sourcing and supply management. Used survey research, the extent to which companies are currently practicing global sourcing, including the integration and coordination of common items, materials, processes, technologies, designs and suppliers worldwide purchasing, design, and locations. Measure in a sample. Supply mainly from the executives of large North American multinational companies, especially manufacturers, the majority of respondents their companies practice a form of international shopping, less integrated and coordinated approach as global sourcing However, said more than 70% of managers surveyed say their companies plan to use global sourcing in the future. Is a set of features common in companies that draw on global sourcing: required executive commitment to global sourcing, rigorous and well-defined global sourcing processes, the availability of resources for the global sourcing initiative, including access to qualified personnel and budgets; information technology systems that support the data analysis on a global level, organizational design features that support the initiative, as a Board, which oversees global sourcing, structured approaches to communication, such as regular review of strategy sessions,. and methods for the measurement of global sourcing savings
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from
Robert J. Trent,
Robert M. Monczka
Source: MIT Sloan Management Review
11 pages.
Release date: 01 September, 2005. Prod #: SMR183-PDF-ENG
Excellence in global sourcing solution HBR case

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