Delivering Customer Value through Procurement and Strategic Sourcing: A Professional Guide to Creating A Sustainable Supply Network - Hardcover

Wallace, Walter L.; Xia, Yusen L.

Hardcover

ISBN 10: 0133889823 ISBN 13: 9780133889826

Publisher: Pearson FT Press, 2014

Synopsis

This is the complete executive's guide to driving sustainable competitive advantage and mitigating risk in today's complex supply networks. Two of the field's leading consultants show senior managers how to apply advanced strategic sourcing to significantly improve your supply chain's efficiency, effectiveness, and sustainability.

 

Drawing on their cutting-edge research, Yusen Xia and Walter L. Wallace help you go beyond mere cost-cutting and contract management to redesign and orchestrate your entire multi-tier supply chain. Wallace and Xia present powerful case studies and lessons from UPS, Coca-Cola, Home Depot, Shaw Industries, and other pioneers. You'll learn how to:

• Bring together the multiple business disciplines whose work impacts sourcing and procurement
• Use strategic sourcing techniques to create a more sustainable supply chain
• Integrate the use of emission permits into your strategic sourcing programs
• Manage procurement when the cost of raw materials fluctuates widely
• Effectively utilize financial hedging in strategic sourcing
• Deepen your understanding of contemporary buyer-supplier relationships
• Implement strategic lead-time management
• Increase visibility as a way to become more demand-driven
• Take advantage of recent advances in e-sourcing and e-procurement
• More effectively manage risk and uncertainty in your supply network
• Make better outsourcing/insourcing decisions in global supply chains

If you're a senior manager who wants to transform sourcing and procurement into a key competitive differentiator, this book will help you deliver the goods.

About this title

From the Back Cover:

While procurement has become far more effective at negotiation, cost cutting, and contract management, few supply chains are meeting their strategic potential. Now, two supply chain thought leaders distill all that’s been learned about strategic sourcing, helping you orchestrate supply chains to create differentiation, increase value, and sustain competitive advantage.

 

Presenting the newest research and practitioner experiences, they show how to transform the supply chain activities that have the greatest upside potential. You’ll start by learning how the field’s leaders are building more effective strategic sourcing teams and managing them more effectively. Next, the authors guide you in moving toward increased customer-centricity; aligning with Tier 1 suppliers to promote shared long-term profitability; and systematically redesigning even the most complex global supply network.

 

You’ll find new best practices for protecting against potential supply chain disruptions from any source; anticipating shorter product lifecycles and other challenges; evaluating potential opportunities to reshore, and more. Throughout, this guide focuses relentlessly on helping supply leaders deliver value, gain a true strategic role, and take their “seat at the table.”

• Develop stronger, more resilient supplier relationships
  Build partnerships where buyers and suppliers can truly rely on each other
• Learn from all that’s been learned about global sourcing
  Reach out to the world for great ideas, components, design, process, and R&D
• Protect against rapid price fluctuations in key commodities
  Use futures, options, and purchasing strategies customized for changing environments
• Integrate the most advanced technology into your mindset and practices
  Leverage today’s highest-value technologies in key supply management processes

The executive’s guide to sustaining competitive advantage and mitigating risk in complex supply networks

• Strengthen alignment throughout your supply chain, and with key suppliers
• Build a more customer-centric, demand-driven supply chain
• Cutting-edge research, practical experiences, and new lessons from UPS, Coca-Cola, Home Depot, Apple, and other leaders

This book can help any senior manager transform sourcing and procurement into a key competitive advantage–and keep it that way.

 

Two leading researchers and consultants show how to apply advanced strategic sourcing to significantly improve supply chain efficiency, effectiveness, and sustainability. Informed by their insights, you can go beyond mere cost-cutting and contract management to redesign and orchestrate your entire multi-tier supply chain.

 

Walter L. Wallace and Yusen Xia demonstrate how to bring together multiple business disciplines related to sourcing and procurement, strengthen critical buyer-supplier relationships, and systematically improve visibility and accountability. Throughout, you’ll find new best practices and innovations for all supply chain functions–from e-procurement to financial hedging.

About the Author:

Walter L. Wallace is an instructor in the Robinson College of Business, Georgia State University. He received his MBA in Supply Chain Management from the Brock School of Business at Samford University and his undergraduate degree in Industrial and Systems Engineering from Mississippi State University. He has 30+ years of expertise in heavy manufacturing industry and service (fabrication and distribution) industries, with an emphasis in corporate governance, strategic operations planning, marketing, operations, logistics and transportation. He has been researching in the areas of strategic sourcing and procurement, service operations management, and supply chain management. He has published papers in journals such as International Business Research, Teaching and Practice and Operations Management Education Review. He has been awarded twice by the National Sciences Foundation (NSF) for research. He teaches Operations Management, Service Operations Management, Operations Strategy, Supply Chain Management and Logistics & Operations Planning.

 

Yusen Xia is an associate professor in the Robinson College of Business, Georgia State University. He received his PhD in Supply Chain and Operations Management from the McCombs School of Business at the University of Texas at Austin in 2004 and has been working at Georgia State University since then. He researches in the areas of the interfaces between operations and marketing, and managing uncertainties and risks in supply chains. He has published papers in various journals such as Manufacturing & Service Operations Management, Operations Research, Production and Operations Management, Naval Research Logistics, IIE Transactions, Decision Analysis, Decision Sciences, etc. His research has been supported by grants from the National Sciences Foundation (NSF) and companies such as Amazon.com, Ryerson Inc. etc. He teaches Operations Management, Project Management, and Supply Chains.

 

About this edition

• Publisher: Pearson FT Press
• Publication date: 2014
• ISBN 10: 0133889823
• ISBN 13: 9780133889826
• Binding: Hardcover
• Edition number: 1
• Number of pages: 352