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GSCM 440 Sourcing Report

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Question;The content of the Sourcing Report should be divided into the sections corresponding to the?Report Components? shown below1. Title Page2. Executive SummaryNote: Not to exceed 1 page single spaced 12 point font1. Student is to realize that the bottom line is what the Executive team is looking for.Their expectation from you is that you did your due diligence.In the summary you will explain the:o STRATEGIC FIT - Quality-Cost and Deliveryo How this decision helps us achieve current CORPORATE OBJECTIVESo Allows us to meet BUDGET and MARGIN requirements2. Any Critical Data and a Final RecommendationNote now of any known issues that can impact the company in the future.Milestone and Timeline of activitiesi. Internalii. ExternalSources of Supplyi. Outline an interview of prospective suppliers including activities that will lead to a good decisionii. Check References- Understand testimonialsVisit Plants and Distribution Centers to access their true capabilities- Review their Quality Standards- Access Management Skills and Experience- Review basic Financials- Review Quality Programs- Review their Operations and TechnologySupplier Evaluation Criteria and scoring Matrix (Develop this as a table)- Capability- Machinery, Labor, Knowledge- Financial Standing- Capacity and hours of operation- Location of transportation and labor to facility- Testing Capabilities- Storage - WarehouseQuote SubmissionYour Quote Format can be fictitious but it must include several elements- Spec- Volume- Terms and Conditions- Confidentiality- Title Transfer- WarrantyTarget price (if you chose to share this)Dates- Due date of Quote- Due date of Samples- Production shipping deadline- Date of ProductionSupplier Quote should contain all of the above, plus- Price- Discounts- Packaging- Any other Terms and Conditions- Lead-times- Production Lot size and quantity breaks- Any special handling neededSupplier Selection and Product Acquisition- Completeness of Quality, Cost and Delivery- Certifications and Practices- Agreements on Price of Cost adjustments due to Raw Materials and CurrencyPreliminary Award- Must produce sample parts off of a production process- Submit parts to the Buyers Company Quality group for validation of Specification- Notify the Vendor of any nonconformities if they exist (up to the student if they want to pursethis)- Action plan if there are nonconformitiesAward the business- Finalize transportation and Packaging- Finalize Import Legal Documentation

 

Paper#54090 | Written in 18-Jul-2015

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