The Management and Development of Supplier Relationship
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Outsourcing Strategies
Companies require the management and development of supplier relationship to help in the acquisition of goods and services that support their business needs (Chase, & Jacobs, 2014). The technological advancement and globalization course dictates the basis of competition from the past and firms operate with more ease currently. It is all dependent on the firm’s ability to remove strain from its processes and make the best from its capabilities and those it acquires. Outsourcing is one sophisticated process that can take off even the core functions from a firm ending its operations being controlled by other agencies that specialize in those services.
The video under review is a presentation by David Jenyns on best outsourcing strategies through identifying tasks. The speaker starts the discussion by presenting on the identification of tasks by firms that need to be eliminated (Jenyns, 2015). It is important to measure what is done within a period to develop a timer to operate and necessary requirements involving the process to be informed of the direction. Knowing where to work on help in knowing where the time is going and identifying the tasks to eliminate and know the necessary adjustments to be made to improve performance. Rescue time enables firms to do away with those tasks that take time and yet do not generate income for the company.
It is also important for a business to identify tasks that are doable by another person in a better way, and grant them to those that can do them better. According to Jenyns (2015), a firm also needs to identify those tasks that are time-consuming related to its business and need to fix the in-tasks (Jenyns, 2015). It is important that a company identify tasks that take much of its valuable time and which can be done by another company perfectly within the least time possible. Isolating tasks that take much of time and resources of an organization to accomplish yet others can do them with much ease help in identifying what to outsource.
Outsourcing in supply chain process varies considerably depending on the type of product in the string. Strategically important products require processes that are more suitable for them and capable of responding to the kind of purchase according to specialty of the item dealt with. Strategic outsourcing is mostly critical for long-term purchases that require alliances to ensure that the process is continual and flows in a proper way (Jenyns, 2015). It is vital for companies to identify most stressful tasks that may derail the supply chain process and develop mechanisms that would relieve the stress and see them work appropriately. Identifying most important tasks also is best for a firm to prioritize its operations in the best way possible.
The company needs to know where it is focusing and spending its time and whether it is working on a person or process dependent business. It is important to develop a chain that is dependent on process other than a person, so that if a person steps down the system, the process will still move on (Jenyns, 2015). It is critical to distinguish the bottlenecks in the business that impedes the process by in-house actions that will keep on taking the means back to the previous. The video raises the concern about spending much time jumping over systems, bringing out the need for a strategic process of outsourcing to support the core functions.
It is important for firms to think of the necessity of outsourcing a task in the event it seems more costly and complicated for the firm than the other person would do it (Chase, & Jacobs, 2014). The video presentation was articulate with the speaker of the forum giving a structured staging on best strategy for a firm (Jenyns, 2015). It is clear that depending on the type of demand and products involved, firms must think of a sophisticated way to undertake their complex tasks in outsourcing a less costly manner. The images of the video were however not very clear, but the sound quality supported capturing of points during the review of the presentation.