Supply Chain Management

Outsourcing has become a defining business practice of our era—key to digital transformation, global competitiveness, and rapid innovation. Yet, for many executives, the promise of outsourcing quickly turns to disappointment and, in some cases, near-ruin. Why do so many outsourcing projects fail? More crucially, what can organizations do to prevent the most common—and costly—adversities? Drawing […]

My research on outsourcing revealed that unfortunately there are specialized (or not) labor service providers that engage in unethical billing practices by charging their clients for ghost workers. These are workers who, in reality, do not contribute any labor or value to the project at hand. This behavior not only inflates the operational costs for

Parniangtong (2016) defined strategic sourcing as “the process of developing channels of supply at the lowest total cost, not just the lowest purchase price” and suggested to: Focus on the total delivered value, not the purchase price; Choose a collaborative approach to dealing with suppliers, rather than oversight; and Focus on enhancing profitability, rather than cost savings.