Integrating Global and Local Procurement For Superior Supplier

Cornell Notes
Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.)
Topic: Payment Schemes for a two-level consignment stock supply chain system

Essential Question: How can a global firm make utility of globally integrated procurement organization in achieving local and global responsiveness and superior supplier relations?

Questions/Main Ideas: Name: ____________
Date: ___
Notes:
Effects of globalization on company structure and strategiesGlobalization is increasingly creating a competitive environment which reduces the lead times for innovation and production which also requires global firms to efficiently manage their resources.
Difficulties in realization of success in globalization Globalization is challenging and not easy to realize its fruits as requirements include the process integration, practices, processes, and procedures across the global organizations in the achievement of the coordination of the global activities.
Procurement is key in the integration and coordination activities of the global manufacturing activities Global manufacturing activities require integration and coordination to benefit from the uniform sourcing towards the creation of a rational and global organization.
Global sourcing enables firms to achieve competencies Through global sourcing, firms can combine their competencies with those of the suppliers coupled with the firm’s comparative advantages due to the various locations in different countries creating a competitive advantage.

Most global firms achieve it by moving towards hybrid purchasing organizations.
Global value chain enhances sharing information Creating a coordinated global chain value creates value for the organization as it enables strategic information of geographically dispersed subsidiaries and sharing information and thus create value for customers across the geographical disparities.
Summary:
The article, “Integrating global and local procurement for superior supplier working relations” focuses on how globalization has forced the global organizations to concentrate on the activities that enable the firms to be more efficient and effective I the coordination and integration of their processes throughout their global activities. It noted how global sourcing had become a necessity in the fluid environment. The article relied on North-American global manufacturers of high technology products and how utilizing global sourcing can achieve in a global context.
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