Selection decision Logistics outsourcing is a strategic level decision. Selecting the ideal service provider will be a result of a process involved some main factors such as organizational culture, scale and type of operations, capabilities and customer base. Voortman (2004) has proposed a sequence by which a third party service provider, a public warehouse in particular should have been strategically chosen by senior management. Quantifying the exact need/ purpose for the company in terms of warehousing. Generating a set of options as per above needs.
STRATERGIC SOURCING/PROCUREMENT Strategic sourcing is the development of relationships between the supplier and the management to acquire goods and services for the needs of the business. In the past SOURCING was termed as PURCHASING. The term SOURCING implies a more complex process suitable for products which are strategically important. Today due to the competition and the emerging new technologies, competitiveness between firms is vastly observed; therefore acquisition of the best available capabilities inclusive or exclusive to the organizations is given vital consideration. In such matters sourcing is not only taken at the level of management but also considered a crucial element of the survival of the business and given high importance.
Strategic planning gives a clear framework with criteria for us to make day-to-day decisions. It also helps to identify fragmentary and unaligned choices and personal value judgments. This strategic planning encourages the commitment of the entire HO in order to achieve the planned results and this is why it is an important element in institutional cohesion. An organization that has better strategic planning and applies it consistently can help to raise up corporate reputation. A strategic plan is the systematic way that describes how your company applies the chosen strategy.
Sourcing frames the agreement with the suppliers involved in the strategy, without necessarily going into the details of the contract. Sourcing teams include elements internal and external to the firm to reach their objectives, to include the eventual optimization of specifications in coordination with production, engineering, marketing, and / or research. Sourcing is the strategic management of external resources. Businesses that can find the most appropriate suppliers at the lowest cost can develop a competitive
2. Information requests to supplier: Request for Proposal was floated to the suppliers to understand the technical expertise, specialized capability etc. Based upon the proposal, a supplier is finalized. 3. Contract terms & Negotiation process: This is the most important activity in Strategic sourcing.
Strategic planning plays an important role for an organization. It is a discipline and process to guide decisions, actions and shape what and why the organization is and does. Strategic planning and long-term planning cover several years. However, strategic planning requires organizations to check what it is and its working environment (Christine, 2015). Strategic planning also assists the organization to focus its attention on those key issues and challenges.
The Strategy is Accreditation to Change the Culture Strategic planning is a process to formulate fundamental decisions and actions. One key factor for a successful long-term strategic planning process is identification of the required core competencies, based on systematic analysis, and then start working on acquiring these core competencies so that the organization will be a strongly positioned for the environment and competition in the future (Mintzberg, 1987). As the organization must focus on specific activities to be effective and efficient towards the desired outcomes, strategic choices must be well defined. If continuous quality improvement is one of the key strategic priorities where the organization want to make a significant development
Introduction Strategic management is a scientific approach of framing, administering and evaluating decisions across several functions to achieve defined objectives of an organization. It allows corporate organizations to adapt themselves to changing scenarios in the niche without diluting the focus on goals and attention to the main objective. Strategic management helps organization staying relevant to the times and makes it adaptive. In fact, an effective strategy gives an edge over competitors. The process involves planning, analysis, formulation and execution.
CONCEPT 3: THE RELEVANCE OF STRATEGIC PLANNING IN NURSING PRACTICE This concept is taken from Block 2, Module 3 which is entitled as ‘Elements and Process of Administration-1’. Strategy can be defined as plan of action designed to accomplish or fulfill a certain task. Planning is the act of making course of action or formulating plans. Margaret Rouse defined Strategic planning as a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success. 3.1 Personal context Strategic planning is an important planning process that is of great help to the organization.
This requires leaders to allocate the necessary resources and to design the organization to bring the intended strategies to reality. As we will see in the next section, this is an ongoing, evolving process that requires a great deal of interaction among these three processes. Second, the essence of strategic management is the study of why some firms outperform others. Thus, managers need to determine how a firm is to compete so that it can obtain advantages that are sustainable over a lengthy period of time. That means focusing on two fundamental questions: How should we compete in order to create competitive advantages in the marketplace?