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The Gain and Pain of Global Retail Sourcing
The appeal of global sourcing for many industries is certainly understandable, given the potential lower cost benefits, but without careful elimination of all

domestic sourcing  process of identifying appropriate domestic and far- or near-shore suppliers of goods and services—preferably from countries with significantly lower cost bases—and then ordering the goods and arranging for payment and delivery) has thus become a way to go for many. In fact, this has lately become an increasingly important corporate strategy (and often an executive mandate for buying departments) that is rapidly becoming a survival strategy too, in sharp contrast to the stepchild and ugly duckling Read More

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Documents related to » domestic sourcing


The Anatomy of Retail Sourcing Processes
The most successful retailers are those that continually focus on driving the very best performance from each of their suppliers, and that work collaboratively

domestic sourcing  (typically not necessary in domestic purchases); currency exchange and interest costs; costs of hiring or training personnel to deal with export-import complexities, and so on. Further, determining the relative costs of manufacture and assembly in different markets can be as complex as comparing landed costs for goods. To that end, some vendors provide tools to help companies uncover the true costs of global sourcing to better manage this new business environment. The most recently unveiled i2 Total Read More
Collaborative Sourcing Solution Vendor Leaves No Stone Unturned
By layering across an organization's current infrastructure and building a sourcing system that needs hardly any training, TradeStone users anywhere can sign on

domestic sourcing  (and autistic ) systems for domestic and international buying, and the inability of smaller companies to leverage global buying platforms. Partly owing to the market epiphany of standardized buying practices, and partly owing to the latest service-oriented architecture (SOA) developments, more and more user organizations are seeking to bridge global gaps in their sourcing infrastructure by unifying their international and domestic business practices, and tying them together on a single technology Read More
The Intricacies of Global Retail Sourcing
Retailers should aim at curbing traditional firefighting practices in favor of productive planning and collaboration with customers. Retailers must take steps

domestic sourcing  substantially more complex than domestic sourcing, and should not be attempted without adequate technological support and business process controls. Executive global sourcing mandates that are not supported with such tools to execute typically either fail or do not meet expectations. For further discussion, see The Gain and Pain of Global Retail Sourcing . The ideal situation would be for a retailer to establish a collaborative trade platform that offers the tools, content, community, and business Read More
The Blessing and Curse of Global Sourcing and Supplier Management
The appeal of global sourcing is understandable given the benefits of seemingly lower costs. But without discerning hidden challenges and eliminating potential

domestic sourcing  process of identifying appropriate domestic and far- or near-shore suppliers of goods and services (preferably from countries with significantly lower cost bases), ordering the goods, and arranging for their payment and delivery. Global sourcing has become a standard practice for many businesses. In fact, global sourcing has become increasingly important as a corporate strategy, and is rapidly developing into a survival strategy tooa sharp contrast to its stepchild and ugly duckling treatment of previous Read More
Outcome Sourcing in the Outcome Economy
The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer

domestic sourcing  Sourcing in the Outcome Economy Introduction One of the most important developments in supplier relationships is outcome sourcing—moving from buying things to buying results or outcomes. This concept is expressed in the quote attributed to the president of Stanley Tools, Our customers want holes, not drills. What is new is the actual practical application and methods for achieving it. Performance-based Logistics The US Department of Defense (DoD) is moving toward a form of outcome sourcing. They Read More
TradeStone Software STARS 2013: Retail Rocks! Part 2
Part 1 recapped TradeStone Software's user conference, STARS 2013. TradeStone’s Core CapabilitiesTradeStone Software’s bread-and-butter capabilities

domestic sourcing  Software STARS 2013: Retail Rocks! Part 2 Part 1 recapped TradeStone Software's user conference, STARS 2013.   TradeStone’s Core Capabilities TradeStone Software’s bread-and-butter capabilities continue to be sourcing, supplier management (including quality testing, inspections, and social, legal, and compliance-based supplier performance as exemplified in Guitar Center ’s case study), and order management, which includes global trade management (GTM) as well. Enterprise resource planning Read More
Chatting with TradeStone Software @ NRF BIG Retail Shows - Part 2
Part 1 of this series introduced the conundrum that retailers (especially those in the areas of fashion and apparel) encounter in the realms of design, sourcing

domestic sourcing  with TradeStone Software @ NRF BIG Retail Shows - Part 2 Part 1 of this series  introduced the conundrum that retailers (especially those in the areas of fashion and apparel) encounter in the realms of design, sourcing, ordering, and delivery of  private label  and branded goods. The article also introduced TradeStone Software and its  merchandise lifecycle management (MLM) solutions  that enable a number of the world's most successful retailers to bring innovative and profitable Read More
IBM Emptoris v10, Smarter Commerce, and Strategic Sourcing
Emptoris has been part of IBM for about 20 months, and we’re coming up on the close of its first full fiscal year under the IBM label. Since the acquisition

domestic sourcing  Emptoris v10, Smarter Commerce, and Strategic Sourcing By Bob Eastman and P.J. Jakovljevic Emptoris has been part of IBM for about 20 months, and we’re coming up on the close of its first full fiscal year under the IBM label. Since the acquisition, IBM has been integrating Emptoris into its three-year-old Smarter Commerce conception (Emptoris was known to have had some 750 employees at the time of acquisition, but IBM will not disclose the number of employees now associated with it). This has Read More
The Future of Supply Chain Strategy for Consumer Electronics
To leverage opportunities presented by the explosion in consumer demand, consumer electronics manufacturers must tighten their forecasting, sourcing

domestic sourcing  what is logistics,what is ces,cea,televisions,supply chain,what is supply chain,the supply chain,what is a supply chain,it supply chain,what is the supply chain,chain supply,online electronics,electronics online,supply management,chain management Read More
Zooming into the Clothing Retailer Conundrum
If retailers in the vertical market of fashion apparel do not constantly refresh their presentation and assortment for consumers, they run the risk of being

domestic sourcing  substantially more complex than domestic sourcing, and it should not be attempted without adequate technological support and business process control. Executive global sourcing mandates that are not supported with such tools to execute typically either fail or do not meet expectations. The ideal situation for a retailer is to establish a collaborative trade platform that offers the tools, content, community, and business infrastructure to support global commerce communities and a transparent trade Read More
Case Study: American Eagle Outfitters
Rapid growth plus the need to continually offer new seasonal products led American Eagle to replace its old sourcing and order management systems while unifying

domestic sourcing  Study: American Eagle Outfitters Rapid growth plus the need to continually offer new seasonal products led American Eagle to replace its old sourcing and order management systems while unifying product design, sourcing, and merchant processes. The company didn’t want to completely replace its legacy solution, however; it was important that its global supplier base adopt the solution too. Learn about the Web-based sourcing solution the company chose. Read More
Global Trade Applications in Global Credit Crunch - Part II
Part I of this blog series analyzed the appropriateness of global sourcing and spend management applications for helping companies improve their cash flows and

domestic sourcing  impacts to global gross domestic product (GDP) and the level of foreign trade during an anticipated recession, GTM solutions will perform better than other software and large infrastructure projects in the medium term. The ERP Giants’ Threat? In my opinion, the GTM vendors’ futures are as cloudy as anyone else's.  In the near term, their businesses will likely suffer too, especially since manufacturing is swinging back to the US for some commodities due to freight costs and because global Read More
HR Executive’s Guide to Web 2.0: Cracking the Code for Talent Management
This report is a roadmap for understanding the uses of Web 2.0 tools across the employment lifecycle. From sourcing to offboarding, these tools are providing

domestic sourcing  Executive’s Guide to Web 2.0: Cracking the Code for Talent Management This report is a roadmap for understanding the uses of Web 2.0 tools across the employment lifecycle. From sourcing to offboarding, these tools are providing value for organizations that have adopted them effectively. Discover which Web 2.0 tools are most commonly used, which elements of talent management they are applied to, and the supporting capabilities that generate a positive return on investment (ROI) in them. Read More
One Vendor's Quest to Garner a Global Sourcing Ecosystem
Having started as a business-to-business integration provider for a few major retailers in the United Kingdom, Eqos has evolved into a full-fledged, worldwide

domestic sourcing  Vendor's Quest to Garner a Global Sourcing Ecosystem Many articles by TEC and other sources have depicted in great detail not only the opportunities of global sourcing for retailers and their manufacturer suppliers, but the potential perils as well. There has indeed been much talk about globalization and its effects these days on business, and there is no doubt that competing corporations are increasingly butting heads in the global playing field. Yet competing in supply networks that cross borders Read More

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