Stryker Corporation Case Study Justin Noakes Executive Summary In 2003‚ the Stryker Corporation is contemplating a change in their sourcing strategy for printed circuit boards (PCBs)‚ which are used in many of their instruments. Recently‚ Stryker’s suppliers of PCBs have become less reliable. They want to eliminate this problem by building a PCB production facility and produce the boards in house. In other words‚ they want to in-source the production of PCBs. This would give the company
Premium Net present value Internal rate of return Cash flow
Summary of Stryker Corp: Stryker Corporation is a medical technology firm‚ which develops and manufactures: medical implants‚ surgical and imaging technologies‚ as well as patient handling and emergency medical equipment produced for the healthcare industry. Stryker competes in the Medical instruments industry. The medical instrument industry provides consumers and society with many varying products and services that use technology to meet their health needs. More specifically Stryker instruments
Premium Medical technology Medical device Medical equipment
diverse supply chain of Cadbury Chocolate Bars The processes involved in making Cadbury Dairy Fruit & Nut‚ at the factory in Bournville in the United Kingdom‚ give a good illustration of how strategic sourcing is applied in Cadbury supply chain. Table 1. Cadbury Sourcing |Ingredient |Sourced From | | |
Premium Boeing Boeing 787 Supply chain management
CASE STUDY: STRYKER Teamwork Challenges at Stryker Corporation The Stryker Corporation was built on innovation. “When Dr. Homer Stryker‚ an orthopedic surgeon from Kalamazoo‚ Michigan‚ found that certain medical products were not meeting his patients’ needs‚ he invented new ones. As interest in these products grew‚ Dr. Stryker started a company in 1941 to produce them. The company’s goal was to help patients lead healthier‚ more active lives through products and services that make surgery and recovery
Premium Medicine Management Physician
1. Discuss the extent to which the characteristics of well-functioning‚ effective groups accurately describe the Freiburg hip replacement navigation system team. The purpose for teams is to combine a group of members to work together to accomplish certain goals that cannot be achieved effectively by an individual. Although each team member’s abilities were important‚ how those abilities fit together was equally important. Welte assembled a team of the best people at Freiburg in operations‚ computer-aided
Premium Hip replacement Hip Orthopedic surgery
1.1 GLOBAL SOURCING 1.1.1 Definition Global sourcing is defined as a centralized procurement strategy of a international consortium‚ whereby a central buying organization strives to create economies of scale through corporate wide standardization and benchmarking. A definition focused on this aspect of global sourcing is: "proactively integrating and coordinating common items and materials‚ processes‚ designs‚ technologies‚ and suppliers across worldwide purchasing‚ engineering‚ and operating
Premium Procurement Purchasing Cost
DIFFERENT SOURCING RELATIONSHIPS Direct sourcing model The adidas Group holds direct contractual relationships with its core suppliers who are centrally supervised by Global Operations. Global Operations is a Group function which manages product development‚ commercialisation‚ distribution and supervision of the manufacture of apparel‚ footwear and accessories for the adidas‚ Reebok and TaylorMade-adidas Golf segments. These suppliers produce the predominant share of the total sourcing volume of
Premium Adidas Manufacturing
Studieretningsprojekt Sourcing & Shoring Marketing | A-level | Michael Pedersen International Economics | A-level | Ingvar Hansson 7. February 14 Christopher Nørgaard Haslund Abstract This paper examines different terms and factors influencing decisions on sourcing and shoring different business functions. Outsourcing caused the term of insourcing‚ and offshoring resulted in onshoring. However‚ onshoring is sometimes called inshoring‚ and insourcing is sometimes
Premium Emerging markets Developed country Developing country
1. Concept 1) What is global sourcing? Global sourcing is defined as the process of identifying‚ developing‚ and utilizing the source of supply for the enterprise through expanding purchasing activities internationally. It is a part of post reengineering activities which is an useful measure of cutting cost. Global sourcing is a typical example of foreign construction outsourcing firms which process construction by distributing each process of construction work to vendors instead of running on
Premium Supply chain Supply chain management International trade
Siddhartha Chitla STRATEGIC SOURCING OPERATIONAL MANAGEMANT CONTENTS ABSTRACT 3 Introduction 3 OBJECTIVES 4 METHODOLOGY OF STUDY 5 ISSUE AND DISCUSSION 5 CONCLUSION 9 LIMITATION 10 1. Loss Of Managerial Control 10 2. Hidden Costs 10 3. Threat to Security and Confidentiality 10 4. Quality Problems 10 5. Tied to the Financial Well-Being of Another Company 11 REFERENCE 11 ABSTRACT Strategic sourcing is critical for firms practicing the principles of supply
Premium Supply chain management Procurement