Tal Otzker Supply Chain Best Practices LLC’s Post

Starting the Sourcing Journey: Key Steps to Success Every successful sourcing journey begins with a meaningful conversation. Building relationships and understanding the potential partner's capabilities is crucial. The next step involves securing vital documentation, such as a distribution certificate or license, to ensure credibility and compliance.An essential part of this process is arranging a visit to the factory. Seeing the operations firsthand provides invaluable insights into quality, processes, and overall reliability. These steps lay a strong foundation for long-term partnerships and smooth supply chain management. #Sourcing #SupplyChain #BusinessRelationships #Manufacturing

If an organization wants to create the proper end to end supply chain it needs to understand its customers, understand its suppliers and understand its own operations.

#SupplyChainMapping is crucial for obtaining visibility into your sub-tier suppliers, but risks may be present deeper in the supply chain, not just with Tier 1 or Tier 2 suppliers. Check out e2open's recent LinkedIn Live to explore actionable strategies and insights to maintain compliance throughout every tier of your supply chain! #MovingAsOne

Build Your Supply Chain Sourcing Strategy in 7 Steps Whether you're managing costs, improving supplier relationships, or overcoming global challenges, an effective sourcing strategy in supply chain can make all the difference! In our blog, we break down the 7 essential steps to create a sourcing strategy that works, along with the key benefits and challenges to watch out for. 👉 Read more: https://lnkd.in/gHJcE-HA #SupplyChain #SourcingStrategy #SupplyChainSolutions

Sourcing in supply chain management, to simply put in words,it is the process of finding the right supplier who can provide high-quality products and services at a reasonable price from which the business can create cost-efficient supply chains and generate a profit margin.

Supply Chain Daily Supplement: How does cost effect Supply Chain? When Cost is low, tiers before you may be strained in ways that have them close to the capacity they can do. What does this mean for you? Speed may be something that can’t change on a dime. Quality may have corners cut, and people may be exploited somewhere in the supply chain. Not saying you shouldn’t shop with cost in mind but merely that it shouldn’t be the only factor when deciding suppliers. Take into account the ethics, speed, flexibility, and willingness to work with you in a pinch. What other factors should you look at when procuring product? #procurement #supplychain #supplychainmanagement 

Distribution managers, what's one piece of advice you'd give for effectively managing transportation within the supply chain? Submit your answer to this question on Featured, and get featured on SupplyChainAdvice.net: https://lnkd.in/g7WxbBKZ Deadline: 2024-Aug-12 #SupplyChain

You raise an excellent point, Matthew. Cost is an obviously important factor to consider, but it's just that—*one* factor to consider. Quality, connection, communication, and transparency are just a few other aspects that need to be viewed as equally as important.

Are you wondering about the advantages of global sourcing and the different strategies available? Whether it’s cost savings, supply chain flexibility, or quality improvement, understanding these strategies is essential to making an informed decision. In this post, we’ll review the pros and cons of various sourcing strategies to help you decide which is best suited for your business. Read more: https://ow.ly/RL4l50SsQgl #GlobalSourcing #GlobalSupplier #BuyingOverseas #EngineeredComponents

Supply Chain Strategies revolve around these 5 points 1.Efficiency Vs Responsiveness 2. Single Vs Multi Supplier 3. Insourcing Vs Outsourcing 4. Global Vs Domestic Sourcing 5. Push Vs Pull Supply Chain