| Topic : Strategic Sourcing |
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Retail & Supply Chain Professionals
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Activity:
55 views;
last activity : 02 23 2011 11:11:14 +0000
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Measuring & tracking cost of poor supplier quality
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5 ideas to implement Strategic Sourcing and Save Organizational Cost
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Measuring & tracking cost of poor supplier quality
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Most organizations do not track and measure the cost of poor supplier quality (COPQ) attributed to their suppliers. Such COPQ may add up to over 10% of the organization’s revenue. Some steps to be taken to calculate it are scrap, rework, sorting and processing costs due to poor quality. This will help to cut the cost..... |
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sorry can't. not have understood the question properly.if u can elabrate the question pls.
Strategic Sourcing plays vital role in reducing the cost of operation at company level. We need meet the mix of targets to get the material available in hand by the company. As you said we need to demotivate the suppliers how are not meeting the demand requirement as and when, for this we have to control the process whole and sole..
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The biggest objectives of sourcing operations are to save cost and make sure that right material is available at right time. Since both pull each other in terms of getting one of them fulfilled makes the other one unfulfilled, it has become a dire need for the industry today to move from the tactical ways to improve the efficiencies in sourcing operations to the strategic ways so that more organized and intelligent purchasing decisions are taken as a process. The today’s strategic sourcing initiative can be facilitated using 5 ideas as given here |
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Strategic Sourcing are grouped into three categories viz Financial Attractiveness, People Skills and availability and Business Environment.
Strategic sourcing is prima facie a SEARCH for long term partner.Besides DELIVARY ,QUALITY and COST,parameters such as scalability of supplier,transparency and willingness to work on long term are factors.To begin with products that need STRATEGIC SOURCING have to filtered based on overall cost analysis.The total economics of buying such products have to ultimately improve rather than ending up with cheaper sources.In the long run organisations have to realise the cost benefits to be more competetive.
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Strategic sourcing never opines towards cost control or cheap purchases but refers to the quality of material at right cost in vision of the end price. This may be quality control, easy availability, quantity or ease of transportation.
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