UBC Supply Chain Global Sourcing and Innovation Discussion

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>Chapter 1 is titled “An Overview of Global Strategic Sourcing” and includes the following topics:

  • A model of the sourcing and procurement process
  • Elements of a strategic sourcing plan
  • Opportunity analysis
  • Supply positioning
  • Operational sourcing strategies
  • The four main functions of the sourcing process
  • The strategic sourcing model

The Consumer Electronics Show (CES) of 2022 introduced many new products to the consumer market. This is the largest trade show for new electronics held yearly in Las Vegas, Nevada.

>Popular Mechanics provides an overview of new products in the following article: “Best of CES 2022: The Most Noteworthy New Tech This Year.” This article can be found at the following link: Best of CES 2022 | Best New Tech (popularmechanics.com) (Links to an external site.)

Please review the assigned materials before answering the following questions.

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  1. Please introduce yourself to the class:
    1. Name
    2. Expected graduation date
    3. Current job (if you have one) & ideal job or promotion after graduation
    4. Favorite movie or hobby
  2. Figure 1.1 illustrates the transition from sourcing to procurement (A contract is established). Is this transition more critical or less important when working with electronics manufacturers this year? Why?
  3. New products require the sourcing of new components each year to produce them. Please pick your favorite new product in the Popular Mechanics article and explain why you believe that this product would be helpful for your current or future job. What would be the key benefits that you find most valuable?
  4. Assume that you have been hired by the sourcing department that will support the launch of your favorite new product identified in the previous question. Describe how the four main functions of the sourcing process in Figure 1.3 will be needed to find suppliers for the components of this product.

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