examine the six sourcing strategies ( 1. Many Supplier, 2. Few supplier, 3. Vert

Question

examine the six sourcing strategies ( 1. Many Supplier, 2. Few supplier, 3. Verticle integration, 4. Joint venture, 5. Keiretsu networks, 6. Virtual companies) It is important to know and be able to apply these strategies correctly to a business. For this week write a paper that examines the six supplier strategies and applies each strategy to a specific type of business. Assignment format: Separate the paper into sections by strategy. Each section should contain

a brief description of the strategies (above mention 6 strategies)

Explanation / Answer

The six supplier strategies are implemented in order to help assist managers to help decide what to outsource.

. Joint Ventures- Formal collaboration, cooperation without diluting brand or conceding competitive advantage. Joint ventures can represent a nice way to gain the benefits of partnering while retaining independence and being in a relationship that is easier to dissolve. Sony- Ericsson

5. Keiretsu Networks

6. Virtual Companies

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