NextGen Sourcing’s singular mission is to make sourcing easy to understand and to perform. For centuries, the field of sourcing has stayed behind the scenes, remaining a secret kept by few. In fact, since the 1980’s, the operational models of sourcing & procurement have barely changed and stayed steadfastly focused on the landed cost to the manufacturer or retailers, instead of the total cost to all stakeholders (manufacturer, consumer and society). The existing sourcing and procurement models based on the framework created by Michael Porter’s 5-Forces and AT Kearney’s Purchasing Chess Board have served us well; however, the changing climate, the Millennial generation’s awareness of what we consume, where it comes from, how it’s made and who makes it, and the need for sustainability have necessitated the rethinking of models suitable for the sourcing needs of the next Generation.
NextGen Sourcing is not only about cost management or containment; it represents a cultural shift. It’s a new way of thinking about sourcing with new practices that focus on the triple bottom line, coopetition among sellers and buyers, and sharing profits across the value chain instead of winner takes all. It also encourages caring for the planet and helping to uplift humanity.
NextGen Sourcing’s mission is to position your organization to mitigate global supply chain risks proactively and:
- Develop and refine your company’s sourcing & procurement strategic plan for the next 2-5 years.
- Develop an operational plan to execute strategy
Founder
NextGen Sourcing relies on its founder’s global connections, diverse experience in global strategic sourcing and supply chain, and our interactive and dialogue based discovery approach to create a customized sourcing strategy unique to your situation. Let us discuss, how to:
- Design a sourcing organization for your company, including sourcing policies, processes, and technology.
- Design a risk-balanced supply chain to hedge against the on-going de-globalization and potential trade wars.
- Assess global supply chain risks specific to your organization, and suggest risk mitigation strategies.
- Perform category value chain analyses to pinpoint the risks and the opportunities.
- Propose strategies for global strategic sourcing of food, non-food, general merchandise.
- Propose strategies for global strategic sourcing of raw material food ingredients and green chemical intermediates.
- Conduct buyers’ training in commodity tracking, component cost analysis and supplier negotiation