Sourcing Videos

Download this podcast Length 21:17 Download audio file (20091118_a_bill_powell_pt2.mp3) We are in the middle of a discussion with Bill Powell, senior writer for Time and Fortune magazines.  In the first part, we talked about China and the rest of the world, how we try to make comparisons to what is happening in China with what we have seen in the past.  In this Podcast, I wanted to start off by getting Bill’s take on the challenges of covering China.  I prefaced my question by saying that, in our consulting practice at Technomic Asia, we are very careful not to talk about “THE” China market … there are, in fact, MANY China “markets” taking into account big cities, small cities, northern cultures, southern cultures, urban and rural, etc.  I asked him to talk about the practicalities over covering such a vast subject and the challenges he finds in trying to do so …

In this video Jay takes Kmart Designers Theresa, Esther and Miller on a tour of the Global Sourcing Quality Control Lab. Products are tested for their quality and safety at the lab using standards that much exceed industry benchmarks.

Meet Kmart's Global Sourcing Team in Hong Kong. In this video Jay and Kelly work hard to prepare for Theresa's Kmart Design Team arrival. Once there Theresa and her Team review samples of products, ensuring Kmart's rigorous standards are met.

Watch as Kmart Designers Theresa and Esther meet with vendors in Hong Kong to ensure that the artwork translates properly when actualizes as product. We also meet Jay's Parrot, Barney, who has inspired an entire line of Kmart home product.

The challenges that every sourcing organization deals with is the loss of identified or negotiated savings. Negotiated savings focus on price reduction based on historical or forecasted spend and is the key output of sourcing initiatives.