The primary reason for outsourcing could be access to a market or a market segment that would not be accessible otherwise.
In some cases vendor has access to the markets that will be valuable to the customers. In a similar vein, other channels or business relationships can be utilised as well.
HOW GLOBAL SUPPLY CHAINS ADD VALUE? Consider this if you are a typical company your imports and exports have grown at least 20% over the last 10 years. If you are one of those unique companies who prefer to deal only with local suppliers, then all that is happening is
There are many reasons why the supply chain world is rife with confusion and mix-ups. This confusion becomes even more pronounced when it comes to outsourcing because even many respected and experienced professionals cannot properly differentiate between logistics and supply chain. As a result, they continue to use the two terms – logistics and supply chain – interchangeably. The results are disastrous for the people, as well as, their companies.
FIVE BUSINESS BOOSTERS IN YOUR SUPPLY CHAIN SUPPLY CHAIN Has The Answer To Everything. When establishing a Five Business Boosters In Your Supply Chain strategy, CEOs and other executives often appear to do it on random criteria. However, it is necessary to determine specific criteria and axes beforehand. In fact,
Who Hijacked Your Supply Chain? Here’s What People Are Saying About Supply Chain. I do not publish too many posts on LinkedIn any more because of ‘Gresham’s Law‘. However, once in a while I still publish content that would be relevant to that platform. I was delivering the keynote speech
Why Collaboration is the NEW Advantage? For decades, if not centuries, the economists have been extolling the virtues of competition. No doubt, competition unleashes forces lying dormant within human psyche – forces of of one-upmanship, jealousy, keep up with the jones, and similar nature. Of course, the economists rarely look
This Story Behind Confusion In Outsourcing Will Haunt You Forever! What is Supply Chain Confusion all about? I am a very social person and I tend to go and visit my alumni meetings for IMD, for Harvard, for Australian Graduate School of Management, Chartered Financial Analyst and many other institutes
China’s recent economic reforms: Time to revamp global business networks has arrived – say the experts What I Wish Everyone Knew About Global Business Networks. China, the giant economy has dominated the news agenda recently just like their dominance in the manufacturing arena. Several proposed reforms have caught more attention
Apple’s Outsourcing Factory invests millions in the US to meet more demand Taipei-based Foxconn Technology Group, whose biggest client is Apple, is to invest $US40 million in the United States to boost its high-end production chain. The move, welcomed by the US government, is part of the growing trend to
The Biggest Contribution Of Preparation In Outsourcing To Humanity Is Global Business Networks The Most Trending Thing Now? When implementing a new Information Technology system, companies often neglect the preparation step and the story always ends with failures. Indeed, the lack of preparation is the first mistake to avoid. Preparation
Why Supply Chain Models In Outsourcing Have To Change The Latest Trend In Supply Chain Models. In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood exposes the results of his researches on the organizational structure of companies. Companies used to follow the model of a traditional organization structure as in the
Amazon and the 5 STARS Business Network 5 STARS Business Network We already defined the importance and features of a successful business network, through the necessity of 5 key cornerstones – Fire-Aim-Ready Innovation, $eed-to-$tore Efficiency, Transaction Optimisation Profitability, Advanced Product Phasing, and Results-focused Outsourcing and Modularisation – in the previous
Five Slow Poisons that are Killing the Western Businesses, and making CEOs’ jobs harder than they need to be (Sydney, Australia based Vivek Sood is the world’s foremost authority on Global Supply Chains which are the commercial engines sitting deep within modern economies and driving them. He is a Chartered
Why Most CXOs Will Never Make It To CEO And What They Can Do About It? How Outsourcing Business Can Help You? Kevin1 was a brilliant finance executive. After doing a few years in an accountancy practice he had joined a company in its finance department and steadily risen in
Big Blue Should Get Their Head in The Cloud Outsourcing To Win Big Why Is Outsourcing So Famous? As the competition heats up in the cloud sphere, IBM has recently acknowledged their performance last year did not meet expectations while acquisition deals. IBM’s 2013 annual report stated that the company’s cloud business
EBay and Amazon beware, Alibaba’s coming IPO means time to protect home turf The world’s biggest e-commerce company is set to go public in the world’s biggest retail market, the latter is true at least for now. Alibaba announced its decision to “commence the process of an initial public offering in the United
My Experience With Freight Cost Reduction Australia leads the way to Globalisation with triple FTA with Asia’s big three Australia leads the way to Globalization with triple FTA with Asia’s big three Australia is talking with ministers from Japan, Korea and China to finalise Free Trade Agreements with the trio ahead of Tony Abbott‘s visit to Asia
HOW SUPPLY CHAIN 3.0 CAN LEAD TO TANGIBLE Business In Outsourcing BENEFITS I have set the scene in the first entry of this blog series. Things are changing, moving, and old business models are not working anymore. That is why I proposed even a new organisational model in my book
Have you Seen These Tricks Outsourcing with KPIs? Why Is Outsourcing Business So Famous? I came across the following picture on the blog of Thaku Huni and the thought struck me about a situation I encounter quite frequently: If you asked any objective person about the KPIs of the group
Who is going to win the battle of Titans (Apple, Amazon & Google) As everybody knows, three giants in the tech and software world have amassed an incomparable power in recent years from their networks and their strategies. With a vast range of products, they have stitched up the market
Value of Trust in Supply Chain Management, and Outsourcing Recently an owner of a medium sized business (who was trying to be one of our well-wishers) showed me (and one of our new recruits in sales management department) the way they were using dummy websites to generate leads for their
How Good Is Your Supply Chain Optimizations In Outsourcing? Why Optimizations In Outsourcing Had Been So Popular Till Now? System demos are tedious things at best. The developers are trying to showcase the best aspects of their baby in best possible light. They have spent months, sometimes years, thinking about
Benchmarking in Outsourcing – Win Big By Proper Deployment The Modern Rules Of Outsourcing. Benchmarks are a peculiarly virulent form of statistics which can be used to make a positive change, or misused to make a dodgy sale. On one hand a benchmark, such as a world record in 100m
The Tech Revolution: A Disruption or An Ally This Year Will Be The Year of Business Transformation. The digital revolution (aka tech revolution) has changed the way we live, work and play. The boom of software and IT solutions have caused disruption and realignment for businesses. Why Is Business Transformation
How much does the market engagement process matter in Business? How Much Does The Market Engagement Process Matter In Business? Almost as much as rules of any game matter to the champions of that game. If you are a competitive sailor, or a golfer you know how vital it is
Technology Without Purpose is Like a Missile Without a Guidance System Nobody sets out thinking, I have no purpose for bringing this technology into our company, but I will do this anyway (well a few rare twisted souls might do it – totally driven by a side deal that meets
