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Sourcing process for global manufacturing firm

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Reference no: EM132864685

Sourcing Process Summary

Prepare a paper of accompanied by a separate flowchart that describes or outlines the steps that occur in a typical sourcing process for a global manufacturing firm. Provide a brief evaluation of the steps as illustrated in your flowchart. Identify the challenges and opportunities for insourcing versus outsourcing of parts/components overseas and domestically. Discuss the advantages and disadvantages of global versus domestic sourcing.

Within your paper address the following:

- Translating corporate strategic objectives/goals into procurement objecitves/goals.

- Identifying the opportunity to insource or outsource through the "make or buy" decision..

- Recording or capturing business unit requirements for supplies or services.

- Conducting market research to identify potential suppliers.

- Protecting intellectual property, proprietary information and trade secrets during the entire procurement process.

- Setting manufacturing, quality, and social responsibility expectations for the suppliers.

- Execution of outsourcing and assessing supplier performance.

- Describe reciprocity with supplier(s) and point out when it is illegal.

Reference no: EM132864685

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