The high cost of foreign sourcing

Article Abstract:

Sourcing supplies and services from foreign countries may prove to be more costly for companies, not only in terms of short term considerations such as price, but also in terms of long-term considerations such as competitiveness. The relative 'low-cost' presented by products from foreign sources may be misleading since, if product and company competitiveness is considered, foreign sources products and services may suffer in terms of delivery times, flexibility/connectivity, quality and reaction to customer demands.

Management services, Materials & Handling Management, Office Administrative Services, Hospital Management, Analysis, Prices and rates, Materials handling, Hospitals, Outsourcing, Hospital administration, Hospital rates

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New purchasing measures for stellar performance

Article Abstract:

Behavior measures offer the best alternative in evaluating purchasing departments. Such measures, unlike predicatability and delivery measures, are designed to promote desired behavior that generates proper business decisions and desired outcome. Behavior measures can be utilized to to enhance customer service and quality of products produced. They can also be used to improve relationships between internal users, suppliers and end customers.

All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Research, Manufacturing industries, Industrial management, Purchasing departments

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Cut supplier lead times by 50 percent - no mirrors, no kidding

Article Abstract:

Organizations engaged in buying strive to reduce supplier lead-times to limit overhead costs and increase competitiveness. To encourage suppliers to adhere to shorter lead-times, buyers need to translate the lead-time costs into real, quantifiable values. Moreover, buyers need to instill into their suppliers the belief that longer lead-times increase selling price and lower a product's chances of being bought.

Methods, Inventory control, Distributors (Commerce), Lead time

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