Global Sourcing - The reorientation in purchasing

Seminar Paper , 2002 , 17 Pages , Grade: 1,2 (A+)

Business economics - Supply, Production, Logistics

One of the most important economic prerequisites for operating on the market is the efficient procurement of quality goods and services. International orientation is hereby becoming increasingly influential. Due to globalisation the world is to be seen as one single market. The impact of this perspective does not only refer to global sales but to global procurement as well. In terms of an international perspective the term ′Global Sourcing′ has evolved describing the challenging opportunity of supplementing traditional procurement by international complex activities. Worldwide suppliers, worldwide options and the access to global knowledge increase the need for detailed evaluation.
Global sourcing hereby aims at ensuring a competitive advantage in terms of procurement politics. Those politics equally contain chances and risks. A variety of suppliers also means a variety of quality standards. International sources require international logistics. Therefore global sourcing is beyond simple international purchasing and rather a general strategic orientation towards international supply markets.
Consequently, the focus of this term paper is to determine the strategic orientation of procurement politics towards Global Sourcing on the basis of international supply chain management.

Inhaltsverzeichnis (Table of Contents)

• Introduction
• The concept of Global Sourcing
• Definitions
• The Global Sourcing - Portfolio
• The Organisation of Global Sourcing
• Strategy
• The impact of Global Sourcing
• Statistic and empiric data
• Chances and risks of Global Sourcing
• Chances
• Risks
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper examines the strategic orientation of procurement towards Global Sourcing, exploring its significance in international supply chain management. The goal is to understand the implications of this approach for companies seeking competitive advantage in the global market.

• The concept and definitions of Global Sourcing
• The strategic portfolio and organizational structure of Global Sourcing
• The impact of Global Sourcing on supply chain management
• The chances and risks associated with Global Sourcing
• The importance of Global Sourcing as a strategic key in supply chain management

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: The paper establishes the importance of efficient procurement in the global market, highlighting the emergence of Global Sourcing as a strategic imperative. It emphasizes the need for a comprehensive understanding of this approach and its implications for supply chain management.
• The concept of Global Sourcing: This chapter defines Global Sourcing, exploring its motivations and characteristics. It differentiates Global Sourcing from international procurement, emphasizing its strategic orientation and the need for a global perspective in supply management.
• The Global Sourcing - Portfolio: This chapter examines the strategic and organizational aspects of Global Sourcing. It highlights its connections to various departments within an organization, demonstrating its impact on both vertical and horizontal structures.

Schlüsselwörter (Keywords)

Global Sourcing, international supply chain management, strategic procurement, competitive advantage, global market, international procurement, supply chain management, global perspective, strategic orientation, organizational structure, chances and risks, impact of Global Sourcing.

• College: Heidenheim University of Cooperative Education (Economics and International Trade)
• Course: International Management
• Grade: 1,2 (A+)
• Author: Thomas Drabner (Author)
• Publication Year: 2002
• Pages: 17
• Catalog Number: V14028
• ISBN (eBook): 9783638195331
• Language: English
• Tags: Global, Sourcing, International, Management