Sourcing Strategies and Supply Chain Management. Critical Appraisal under Consideration of Risk Avoidance

Term Paper , 2021 , 14 Pages , Grade: 1,7

Business economics - Supply, Production, Logistics

This coursework focuses on strategic sourcing and does not take the other elements of a supply chain into consideration. The risks identified are based on the element of sourcing. Only external sourcing strategies are considered, which belong to supplier strategies.

The definition of supply chain management has brought up by two consultants in 1982. Today, it’s more challenging than ever for the management of companies to developed and implemented coherent strategies to manage and coordinate supply chains and to minimize the likelihood of risks.

Contents List

List of Figures and Tables

List of Abbreviations

1 Introduction

2 Sourcing
2.1 Definition of sourcing processes
2.2 Definition of sourcing strategies
2.3 Overview of the selected sourcing strategies
2.4 Appraisal of the selected sourcing strategies
2.4.1 Single sourcing
2.4.2 Dual sourcing
2.4.3 Multiple sourcing
2.4.4 Modular sourcing
2.4.5 Local sourcing
2.4.6 Global sourcing
2.5 Summary of the selected sourcing strategies

3 Supply chain risk management
3.1 Identification of financial and non-financial risk areas
3.2 Risk avoidance

4 Conclusion

References

• College: Buckinghamshire New University
• Grade: 1,7
• Publication Year: 2021
• Pages: 14
• Catalog Number: V1150126
• ISBN (eBook): 9783346538499
• ISBN (Book): 9783346538505
• Language: English
• Tags: sourcing, strategies, supply, chain, management, critical, appraisal, consideration, risk, avoidance