Low-Cost Country Sourcing: Trends and Implications
Low-cost country sourcing has for long been one of the hottest buzz words in the purchasing and supply management community, especially among practitioners. The lack of coverage in the academic field can potentially be explained by the complexity and the breadth of the topic. Although companies in most industries have sourced on a global level for decades or even centuries in order to reduce cost, the subject have received increasing attention over the last few years in a sense that the concept has become more and more institutionalized as part of the overall sourcing strategy. The developments are welcome – especially since the field of purchasing and supply management traditionally has been lagging behind other, more “acknowledged” disciplines such as finance, accounting, and marketing, among others. This lag is glaring if one considers the absence of faculties involved in the discipline among many universities. Therefore, the initiative of Supply Management Institute to build a worldwide research and training network has proven to be highly attractive for both scholars and practitioners. Furthermore, the discipline has also become increasingly complex due to globalization effects, where business networks become increasingly intertwined and the flow of goods, services, money and human capital grow exponentially over time. To handle the situation, companies are in desperate need for knowledge and information that can help them to crafting effective strategies that can secure supply, reduce risk and ultimately translate into competitive advantage.
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A Literature Review 9 Terminology
Thesis outline 8 Figure 2 The purchasing and supply management continuum 13 Figure 3 The three dimensions of globalization
The four drivers of globalization
Modes of internationalization
A Morphological Analysis 55 Methodological Background 55 The Morphological Approach 56 Morphological Box For LowCost Country Sourcing ...
Morphological box for purchasing and supply management 62 Figure 14 Morphological box for lowcost country sourcing 65 Figure 15 Graphical r...
Rresearch design configuration
Key decisive research design factors
Research method 80 Figure 19 The theory as an instrument for predictions 82 Figure 20 Industry representation 92 Figure 21 Philosophical research ...
Global leverage points from internationalization 34 Figure 7 Factors influencing the attractiveness of nations 36 Figure 8 Configuration and coordina...
The Supply Management Navigator 107 Figure 25 Vision for lowcost country sourcing activities 108 Figure 26 Lowcost country sourcing strategy
Use of key performance indicators
Use of crossfunctional purchasing teams 111 Figure 29 Who initiates and drives LCCS initiatives? 112 Figure 30 The purchasing channel 113 Figure...
Top ten sourcing countries for direct spend Italian companies
Top ten sourcing countries for indirect spend Italian companies
Top ten sourcing countries for direct spend among Spanish companies 121 Top ten sourcing countries for indirect spend among Spanish companies ...
LCCS Process phases
The LCCS roadmap 140 Business impact from LCCS
An Explanatory Study 147 The ResourceBased View of the Firm
Scheme of organizational economic and management theories
The causal chain of the resourcebased view Barney 1991
Constructs and interrelated hypotheses
Exogenous measurement model with parameters 196 Endogenous measurement model with parameters 198 Structural model with parameters
Structural model with path coefficients
Summary and Conclusions
Other editions - View all
advanced factor resources assessment Barney basic factor resources business units buying firm capabilities chapter Chi-Square companies comparative advantage coordination cost dimensions economic efficiency elaborated emerging and transition empirical environment example expert interviews factor analysis Figure firm sourcing Fit Index functional geographical global sourcing high extent hypothesis impact implies increase indicator variables indirect spend industry inputs intangible resources integration internationalization Journal Kotabe literature review logistics low-cost country sourcing means morphological analysis morphological box multinational operations organization organizational percent performance Porter principal component analysis procurement production purchasing and supply purchasing process effectiveness relationship relatively research questions resource-based view resources in possession sample scale Sekaran sourcing activities sourcing countries sourcing in LCCs sourcing in low-cost sourcing strategy strategic management strategic sourcing structure supply chain Supply Chain Management supply management sustainable competitive advantage tangible resources theory thesis topic transition economies validity value chain
Page 1 - The aim of this chapter is to introduce the reader to the topic of scenario planning for logistics service providers.
Page 230 - Organizational culture: can it be a source of sustained competitive advantage?. Academy of Management Review 11, 656-665. Barney, JB (1991) Firm resources and sustained competitive advantage. Journal of Management 17,99-120. Barney, JB (1995) Looking inside for competitive advantage. Academy of Management Executive 9, 49-61. Barney, JB (2001) Is the resource-based 'view' a useful perspective for strategic management research?