sourcing: primary ways in which the sourcing function impacts supply chain management

Sourcing

For this discussion, refer to Chapter 6 of Sourcing in your textbook to address following issues:

Identify the primary ways in which the sourcing function impacts supply chain management (SCM).
Find at least one business example of outsourcing. Explain the risks and benefits.
There has been in a push in many communities to source locally. Identify the risks and benefits of sourcing globally versus locally.
Explain the differences between sourcing manufactured products versus services. Identify some key challenges that would occur in defining services specifications versus manufacturing specifications
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Research a company of your choosing that produces and sells products of some sort. This can be either a company you work for or a corporation where you are able to interview an employee in supply management or conduct research and gain specific supply chain information.
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HCA 421 Week 5 Discussion 1 Strategic Financial Management Describe the four primary purposes of a professional strategic financial management function in an organization.
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Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan. Identify key trends, assumptions, and risks in the context of your final business model. Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOT analysis and supply chain analysis. Consider the following four quadrants of the balanced scorecard when developing your strategic objectives: Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as: Market share Revenues and costs Profitability Competitive position Customer Value Perspective, which includes strategic objectives in areas such as: Customer retention or turnover Customer satisfaction Customer value Process or Internal Operations Perspective, which includes strategic objectives in areas such as: Measure of process performance Productivity or productivity improvement Operations metrics Impact of change on the organization Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as: Employee satisfaction Employee turnover or retention Level of organizational capability Nature of organizational culture or climate Technological innovation Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3. Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following: Identify potential risks and mitigation plans Analyze a stakeholder and include mitigation and contingency strategies. Incorporate ethical implications Develop a metric and target for each strategic objective using a balanced scorecard format. Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.) Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following: Define the purpose. Define the audience. Identify the channel(s) of communication and why you selected that channel. Format paper consistent with APA guidelines. Attachments Screen Shot 2016-04-05 at 9.17.03 PM.png Screen Shot 2016-04-05 at 9.17.08 PM.png
Choose a different company for this assignment than the ones you chose for the previous assignments in Weeks 1 and 2 (This could be the company you work for). Write a 700- to 1,050-word memo to the CEO. Include in this memo the following items supported by course concepts and real life examples: Choose two decision making tools, forecasting models or simulation models and describe how they would bring value to the organization. Discuss how constraints such as IT, limited capacity, technology and capital affect the company's supply chain. Format your memo according to APA guidelines.
Somerset Furniture Company's Supply Chain and Case
Somerset Furniture Company's Supply Chain and Case

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