o Strategic Sourcing
o Procurement is defining its own culture: processes have had to become sharper and faster to be able to deliver in ever-tighter competitive environments. Sourcing no longer equates to instant cost gratification, but is now defined as a strategic component used to drive maximum competitive advantage.
Strategic sourcing is itself a benchmark. It relates to getting the best products and services at the best value. It is designed to segment external spend and ensure that procurement resources are focused on the most important categories. What sets strategic sourcing apart is its continuous attention to improving and re-evaluating the purchasing activities of a company, thus enabling organisations to adapt to changing market forces.
o Supply Chain Management
o The growth of consumer knowledge across globalised economies has meant that the notion of instant gratification by people is now a given. If companies are unable to rationalise their processes effectively, the degree to which they will maintain competitive advantage can be seriously compromised.
Companies must deliver, and this is reflected in effective Supply Chain Management (SCM). The aim, ultimately, is to reduce inventory and risk.
o Global Sourcing (Includes Products and Services)
o As the need to gain competitive edge tightens, companies that were once content to cultivate their local and national markets are now keen to globalise their operations and tap into new markets.
Global sourcing, and specifically low-cost country sourcing, is a hot topic. Legitimised by early pioneers, offshore providers proved their value as alternative resources. Companies initially questioning why you would source from low-cost countries are now asking: why wouldn't you?
As familiarity with the available opportunities has increased, so more enlightened companies have come to focus less on achieving incremental cost improvements and, instead, are evaluating all their capabilities to define a winning global sourcing strategy.
They see global sourcing as a long-term strategy rather than a tactical solution for short-term goals.
o SKYLIGHT BUSINESS AND PROPERTY has got a vast international network of investors which has entrusted us to do investment sourcing for them.
o Business Intelligence
o Business intelligence aims to support better business decision-making. Thus a BI system can be called a decision support system (DSS). Though the term business intelligence is sometimes used as a synonym for competitive intelligence.
o Specific considerations for business intelligence systems have to be taken in some sectors such as governmental mining regulations. The information collected by mining institutions and analyzed with BI procedures must be protected from some groups or individuals, while being fully available to other groups or individuals. Therefore BI solutions must be sensitive to those needs and be flexible enough to adapt to new regulations and changes to existing laws.