Low-Cost Country Sourcing: Trends and Implications

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Springer Science & Business Media, Nov 17, 2007 - Business & Economics - 285 pages
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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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Contents

Introduction
1
A Literature Review 9 Terminology
10
Thesis outline 8 Figure 2 The purchasing and supply management continuum 13 Figure 3 The three dimensions of globalization
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The four drivers of globalization
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Modes of internationalization
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Figure
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A Morphological Analysis 55 Methodological Background 55 The Morphological Approach 56 Morphological Box For LowCost Country Sourcing ...
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Morphological box for purchasing and supply management 62 Figure 14 Morphological box for lowcost country sourcing 65 Figure 15 Graphical r...
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Rresearch design configuration
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Key decisive research design factors
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Research method 80 Figure 19 The theory as an instrument for predictions 82 Figure 20 Industry representation 92 Figure 21 Philosophical research ...
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Global leverage points from internationalization 34 Figure 7 Factors influencing the attractiveness of nations 36 Figure 8 Configuration and coordina...
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The Supply Management Navigator 107 Figure 25 Vision for lowcost country sourcing activities 108 Figure 26 Lowcost country sourcing strategy
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Use of key performance indicators
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Use of crossfunctional purchasing teams 111 Figure 29 Who initiates and drives LCCS initiatives? 112 Figure 30 The purchasing channel 113 Figure...
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Top ten sourcing countries for direct spend Italian companies
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Top ten sourcing countries for indirect spend Italian companies
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Top ten sourcing countries for direct spend among Spanish companies 121 Top ten sourcing countries for indirect spend among Spanish companies ...
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LCCS Process phases
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The LCCS roadmap 140 Business impact from LCCS
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An Explanatory Study 147 The ResourceBased View of the Firm
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Scheme of organizational economic and management theories
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The causal chain of the resourcebased view Barney 1991
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Constructs and interrelated hypotheses
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Exogenous measurement model with parameters 196 Endogenous measurement model with parameters 198 Structural model with parameters
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Structural model with path coefficients
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Summary and Conclusions
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Interview Guideline
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About the author (2007)

Dr. Martin Lockström promovierte bei Prof. Dr. Christopher Jahns am Supply Management Institute der European Business School (ebs) in Oestrich-Winkel. Er ist als Regional-Direktor für das Supply Management Institute in China tätig.

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