Strategic sourcing can be defined as a collective and organized approach to supply chain management that defines the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. [–]ahighkid 0 points1 point2 points 2 years ago (3 children). In this phase, the main focus lies in data collection and data analysis. The results are not immediate and that’s why having a fixed hiring plan is so important … Sorry, this post has been removed by the moderators of r/freelance_forhire. 117. How $$ is Coupa, SAP Ariba, or JAGGAER really? It comprises of various strategies related to the purchasing of products and optimizing its lifecycle. Strategic Sourcing. It’s a dead end. Buyer places orders. Get an ad-free experience with special benefits, and directly support Reddit. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Strategic Sourcing is a widely used concept in the supply chain management. (An FYI I make 85K and would at most prefer not to drop under 75K down the road. [–]anthill23 4 points5 points6 points 2 years ago (6 children). It goes beyond setting the initial price by taking into consideration the purchasing power of the market and leveraging several other factors. For example in my past work I was working and supporting all commodity buyers in Europe ( around 15 people of sourcing specialists if you will ) and currently I am working as SCPM - Supply Chain Program Manager which is still within SCM but it is bit different. I would be cautious when you are changing from engineering to SCM as workload is quite different and even though engineering side can help you during negotiations, they can easily pull you into engineering and feasibility studies which are not your primary focus in strategic sourcing position. But there are a lot of variables because there are metal buyers.. plastic buyers.. fasteners.. chemicals.. indirect.. etc. Microsoft, for example, became the … Not sure if this would illicit more conversation, but just felt I needed to continue to speak my mind. Strategic sourcing is in fashion these days, but it also delivers real value to recruiting teams, so it is here to stay. Only approved users may post in this community. But in the 1980s, the basis of competition began to shift from hard assets to intangible capabilities. I mean type of workload is different not necessarily bigger ( maybe not correct word used ). Thanks for the reply! How big your portfolio would be? COVID-19 continues to threaten the food supply chain, McKinsey: six key areas of resilience to combat COVID-19, Why IoT Is Key to a Seamless Supply Chain, Now, a Different Kind of Epidemic: Force Majeure Claims. The final selection is usually done by the team and signed off as per the approval process. More posts from the freelance_forhire community. This is very much appreciated. Strategic sourcing helps a lot in gaining a competitive edge over the competitors. Again not the best of luck sense I’m very specialized. I always had interest in doing something "business" related sooner or later as I believe this will be great opportunity to grow and develop in my company, as well as climbing the corporate ladder. … The boundaries between cooperation and competition becomes vague, and rivals engage in collaborative activities. [–]reddituser0207[S] 0 points1 point2 points 2 years ago (1 child). It depends what industry you are as well because name is different.. Strategic sourcing … [–]ahighkid 1 point2 points3 points 2 years ago (5 children), [–]anthill23 2 points3 points4 points 2 years ago (4 children). Through networking I learned about strategic sourcing in our purchasing/procurement department. De très nombreux exemples de phrases traduites contenant "strategic sourcing with" – Dictionnaire français-anglais et moteur de … This is of course still a fundamental aspect of strategic sourcing but … Strategic Sourcing does exactly the same by addressing the total cost. I’m writing in a procurement subreddit, so I don’t expect I’m going to get a bunch of people agreeing with me, but I’ve done strategic sourcing for F500 companies, heavily focused on analytics, and it was not very well respected at any of them and rarely, if ever, does it have a meaningful ‘seat at the table’ with senior leadership. Some time ago, I’ve published a template to help you out positioning a SG (Sourcing Group) into the Strategic Sourcing’s 4-quadrant Matrix (I call it as well the CSSB matrix as ‘Commodity, Standard, Strategic, Bottleneck), based on the famous Porter’s 5-forces model.This template has the benefit to be easy to understand and to use. Log In Sign Up. What makes the difference? So, the context of my comment is the OP’s intention to use procurement as a means of entry into a traditional business setting, veering away from engineering, which is why I tried to emphasize the lack of appreciation for procurement by nearly all other business units. This is the first step in formulating a procurement strategy. [–]anthill23 1 point2 points3 points 2 years ago (2 children). It doesn't hurt to explore your options. Will you be specifically focused on some defined commodity? Actively handling your supply chain means teaming up with suppliers and internal stakeholders, critically … I had envisioned this would be more possible in sourcing than in my current role, and also lead to more job offers. It's given in the name. Would you consider it a lesser role? I will answer all follow up questions if there are any. I have been in this role for the past couple years. From simple manual or electronic Enquiry and Quote forms to formal PQQ’s, RFI’s, RFQ’s, RFP’s and e-Auctions are utilised here. I then tried to network around my company to see if any other roles that I believe would end up giving me skills,experience, that would be sought out, and will also not keep me in this silo. But if this sourcing specialist was not considered valuable experience, it may be best to stay in my current position. Categories of spend are diverse as well and cover raw materials, components, packaging and finished goods on the Direct … Are you tired of not knowing where to find projects to develop? [–][deleted] 0 points1 point2 points 2 years ago (0 children), [–]Hardstuff1201 0 points1 point2 points 2 years ago (2 children). However, although this could be a good opportunity, I am a bit hesitant. Don't know where you are located but sourcing position is respected within Europe at least. Strategic sourcing and procurement is a critical aspect of supply chain management.While supply chain career paths are expansive, procurement career paths are also quite extensive as well.. What it is What it is NOT Focused on the Total … Mainly indirect for professional services, IT, supply chain, as well as some direct materials experience. No worries. Really good money if you operate in the right sector. I’m relatively young and am developing a procurement career in life sciences / pharma. This all are variables which you can sell to another company when you will be moving. Traditional procurement focuses on finding the lowest-cost suppliers. Organizational excellence. You will be focusing on developing your supplier base/portfolio and consolidating.. Basically preparing strategy for your specific commodity ( this can vary ). Looks like you're using new Reddit on an old browser. [–]ahighkid 3 points4 points5 points 2 years ago (1 child), Sorry to spam you with questions. Traditionally, sourcing was considered to be the identification of new or potential suppliers. This type of working relationship is beneficial to both sides. OP with an engineering background could easily get himself into a sourcing role, which requires much more specialized knowledge than standard procurement or procurement operations. Can it be some other supply chain related job outside your company? Will be a tough decision on my part since it’s not necessarily clear cut. Definition: A systematic and fact‐based approach for optimizing an organization's supply base and improving the overall value proposition. I am located in USA for what it’s worth. It’s a break from only sourcing active candidates for specific open roles, to sourcing continuously for future needs, and targeting both active and passive candidates. [–]anthill23 1 point2 points3 points 2 years ago (11 children). In today's increasingly interconnected world, co‐opetition has emerged as a new business practice among many high‐tech firms. An organization with a modern stategic sourcing department is focused on analyics and driving better purchasing decisions through metrics and not "handshake deals". First off, thank you all for the responses! Or would it only be strategic sourcing? Is it marketable/sought out after in other industries? It’s just not well respected in that regard. I cannot find much feedback online about a sourcing specialist. Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose. This answers one of your lasts questions as well and that is yes. Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. Strategic sourcing and procurement are two approaches to purchasing the components, raw materials, supplies and services a company needs to run its business. Are you looking to hire a professional designer, coder, writer and etc.. to help you develop your business? When implemented properly, this process guides the sourcing manager to realize the future objectives of both the parent firm and their partner and adapt the … Lets take it one by one.So far I had two positions within SCM and from my perspective if you show potential and willingness there are definitely steps up to take. I am currently not obsessed with my current engineering role. I’ve had a CEO decide my project outcome just based on a personal friendship (extreme example, but illustrates the point). Strategic sourcing enables an agency to define and consolidate their requirements for all goods and services, understand the supply market, and negotiate with suppliers. This is all potentially useful information for me as I decide how I want to progress forward and what jobs I take. Would anyone know if this is considered a "good" role? I am working for tier 1 supplier to OEM in automotive industry and purchasing / procurement has a lot of potential. For more than 20 years, our driving goal has been to build a company capable of accompanying our … The aim of strategic sourcing is to build longer-term relationships with suppliers that … Strategic Sourcing is a comprehensive process aimed at obtaining maximum advantage on cost, technology, process and quality, by leveraging the company’s buying power with select suppliers, conducting best price evaluations, sourcing globally and … Our strategic sourcing … You also mentioned workload? View Entire Discussion (2 Comments) More posts from the supplychain community. If you have been working as sourcing specialist or been involved in sourcing process you can "sell" this to other companies as well and do other positions within SCM too because you know the process how it works more or less. it’s much more difficult, even if they advance up within procurement. Would you say with this sourcing experience you feel that you are able to apply to jobs that aren’t specifically sourcing? It stops short of the actual purchase of and payment for goods and services. At the research phase, organizations need to divide the supply chain into various categories… From agencies looking to hire employees, to freelancers looking to find new projects. Also, with strategic sourcing experience, my hope is it would open other corporate roles down the road and climb the ladder, or make moves toward other divisions. Marketing in automotive suppliers is non-existent mostly ( they exist but impact is minimal ). Strategic sourcing is a continuous, well-planned procedure of proactive actions, where global sourcing takes a leading role in adding value to the organization after satisfying business requirements. Sounds like opinions might be a bit polarized. I would disagree as well. Sourcing is strategic. For a majority of companies, the head of procurement is not a force within senior leadership, they’re generally a VP/SVP level, and with that limitation comes the diminished relevance of procurement in general. Please let me know your comments if you are familiar with this position. [–]the_ion 8 points9 points10 points 2 years ago (0 children). Strategic sourcing … So based on your observations, in what way has this lack of representation held you back? and join one of thousands of communities. The notion of partnerships is equally ubiquitous and similarly both mis- and over-used. But eventually it evolves around sourcing. Finance and SCM is very marketable as both of these are within my industry really needed and companies doesn't work without them. AT&T, with its direct control of the American telephone network; Bethlehem Steel, with its large-scale manufacturing plants; and Exxon, with its vast oil reserves, each dominated its respective industry. However, being a term that encompasses a large number of sub-concepts, understanding strategic sourcing might get complex. How Strategic … I have applied for various engineering roles outside my company but have not had much luck. Finance is there, Marketing is there, Strategy and Operations are there, IT is there, and occasionally you’ll get a CPO, but even with that presence it’s never a level playing field. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. And to help sustain profitability, our team of experts has highlighted some of the key benefits of following a strategic sourcing … The process forces business leaders to think about the long-term future. [–]EastonMankin1 3 points4 points5 points 2 years ago (0 children), [–]reddituser0207[S] 1 point2 points3 points 2 years ago (0 children). Strategic sourcing is a procurement process that connects data collection, spend analysis, market research, negotiation, and contracting. MSC confirms malware attack, site comes back online, Amazon shuts down distribution centers in France after worker safety ruling, How medical supply chains can diversify beyond COVID-19. Posted by 6 days ago. etc. The words “proactive” and “strategic” are sometimes used interchangeably in this context, even though they are slightly different, techni… What happened when the entrepreneur sold all the items he owned… Or just doing sourcing for everything company needs? Strategic sourcing Analise de precificação de procedimentos do tx por complexidade Brought to you by: danisal Marketable? Worst came to worse and if sourcing was not a good role I would have considered an MBA or have continued to be patient and keep networking for new opportunities. What is spend/turnover of that company? A strong sourcing strategy is the first step to hiring great talent. A large number of organizations fail in their procurement activities since they haven’t conducted research meticulously. 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