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Automotive sourcing strategy is complicated, and few supply chains are as complex. Auto manufacturing embodies globalization, with assembly plants located across the world and many of them working on a just-in-time basis.
There was a time when a company’s procurement function was largely left out of the loop and taken for granted. Once other business units had made the meaningful decisions, then it was up to the sourcing team to look after the mundane tasks of contacting suppliers and signing contracts.
Sourcing professionals of all categories face a consistently challenging and ever-changing work environment, but those in the pharmaceutical industry deal with particularly demanding circumstances. The World Health Organization (WHO) summed up the complexity in a 1999 guide that remains accurate today:
In 2005, Harvard Business Review published “Strategic Sourcing: From Periphery to the Core.” The article was an overview of the changing dynamic in an increasingly global world, where companies were moving away from the traditional business model of vertical integration. The authors wrote:
Happy International Day of Friendship! As a holiday officially recognized by the United Nations, the idea of a World Friendship Day was first proposed in 1958 by Dr. Ramon Artemio Bracho during a dinner with friends in Paraguay. Out of this meeting of friends, the World Friendship Crusade was born. World Friendship Crusade is a foundation that promotes friendship and fellowship among all human beings, regardless of race, color, or religion. Since then, July 30th has been faithfully observed yearly as Friendship Day, not only in Paraguay, but across several other countries as well.
There are many buzzwords regularly tossed around in this age of tech-based startups and digital transformation. Two such phrases are “Automation” and “Artificial Intelligence” (AI). It’s common to mix up the two, lump them together, or otherwise muddy the water of what is already a complex relationship between the terms. You’ve heard it, you think (or know) you need it, but you may not fully understand it. The great news? We’ve all been there.
Toilet paper is a hot commodity during a pandemic. Once COVID-19 was announced, people flocked to the stores, panic-buying toilet paper, bleach, and any assortment of hygienic products they could get their hands on. Empty aisles are still not an uncommon sight in major retailers today.
With the rapid spread of COVID-19, we need to protect our nurses with the proper Personal Protective Equipment. Now more than ever, an effective healthcare supply chain is desperately needed. As the response to the pandemic is beginning to stabilize, the strategic sourcing models shift from managing savings to consistent supply of PPE. Nurses can expect their hospital’s strategic sourcing teams to work tirelessly, assuring adequate supply post-COVID-19.