Sourcing Strategy

Global sourcing is a term used to describe strategic sourcing in today's global setting. Most companies now include global sourcing as part of their procurement strategy. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service.

Resources

Outsourcing

Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company.[1] The decision to outsource is often made in the interest of lowering cost or making better use of time and energy costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of land, labor, capital, (information) technology and resources.

  • Sourcing Models
    • Cosourcing
    • Crowdsourcing
    • Homesourcing
    • Nearshoring
    • Offshoring
    • Onshoring
    • Insourcing (opposite of Outsourcing)

Business Process Outsourcing (BPO)

Business process outsourcing (BPO) is a form of outsourcing that involves the contracting of the operations and responsibilities of a specific business functions (or processes) to a third-party service provider.

References

  1. web link The Manager's Step-by-Step Guide to Outsourcing by Linda Dominguez
  2. web link Offshoring Information Technology: Sourcing and Outsourcing to a Global Workforce by Erran Carmel and Paul Tjia
  3. web link The Outsourcing Handbook: How to Implement a Successful Outsourcing Process by Mark J. Power, Kevin Desouza, and Carlo Bonifazi
  4. web link The Black Book of Outsourcing: How to Manage the Changes, Challenges, and Opportunities by Douglas Brown and Scott Wilson
  5. web link Strategic Outsourcing: A Structured Approach to Outsourcing Decisions and Initiatives by Maurice F. Greaver II
  6. web link Outsourcing America: The True Cost of Shipping Jobs Overseas and What Can Be Done About It by Ron Hira Ph.D. P.E. Assistant Professor of Public Policy and Dr. Anil Hira
  7. web link Outsourced ~ Ayesha Dharker, Josh Hamilton, Larry Pine, and Asif Basra
  8. web link Thomas L. Friedman Reporting: The Other Side of Outsourcing
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