Citi Commercial Bank to Host 2012 GSC 3S Awards Gala

GSC 3S Awards 2012 – Sourcing that Empowers

Submission deadline – Sept. 1, 2012

NEW YORK, N.Y. (August 24, 2012) – Citi® Commercial Bank will host the Awards Gala of the 2012 3S Awards, a program by the Global Sourcing Council, on October 22, 2012, at the Citi Executive Conference Center, 601 Lexington Ave in New York City. Read more

The GSC 3S Award Corner

The GSC 3S Awards program – Sustainable and Socially responsible Sourcing awards— honors the best sustainable and socially responsible practices in global sourcing.

All companies, corporations and individuals who support global sustainable development, social responsibility, ethical and ecological business practices and giving back to the local community are encouraged to apply.  It is the only sustainable business and social responsibility award geared specifically towards the global sourcing sector.

If you consider yourself an advocate and example of socially responsible and sustainable sourcing, APPLY TO WIN NOW!  For guidelines go to:  www.gsc3sawards.com

 All applicants must submit a video highlighting how they meet the GSC 3S Awards’ mission statement requirements by September 1, 2012. The awards gala is to take place on October 22, 2012, and tickets can be purchased at www.gsc3sawards.com Read more

From the Desk of the President

As 2012 is the Presidential election year in US, a lot of debate is going on against “Outsourcing”, both from President Obama who is seeking re-election for his second term and his opponent Gov. Mitt Romney.  Already, they are trading charges against each other related to job loss and outsourcing. Interestingly, neither of them is very specific on what type of outsourcing is bad for American economy; neither has shown any specific data or research to prove any of their points. Anyway we all know that elections are about creating an emotional appeal, which brings voters to vote for them.

Going through many newspaper reports, TV coverage and the Internet, I found that even though both contestants are targeting outsourcing as one of the main reason for decline in jobs, actually they both meant off-shoring of jobs to other countries.  Outsourcing is when a business decides to get product or services from some other firm that can produce same product or service cheaper or better than they can.  Take for example all automobile makers outsource products such tyres, batteries etc. from others.  Why doesn’t GM or Ford start making tyres and batteries themselves? Simple – it’s not in their best interest to produce these products in house. Same applies when we outsource services e.g. most small/medium businesses outsource payroll, accounting, Legal or IT services from a provider that is specialised in those services and these services are the “core competence” of the provider. The provider also have economies of scale, therefore the end consumer has an economical product or service that is most often of higher quality standard.

Look at this from another prospective – when products and services are outsourced, the products and services become economical.  As a result of these economies of scale, more consumers can afford to buy the product and in the process more demand gets created. That is sustainable outsourcing.

Often outsourcing and off-shoring get mixed;  in off-shoring the real benefit is not directly felt by people who lost their jobs and the process takes longer time. I would like to give an example – look at how many people are now using Apple products such as an iPhone in China.  Certainly the numbers are big, though the physical production of hardware may take place in China, the R & D efforts and the software are still produced in US and they are creating high demand for those engineers and professionals who do R & D and write software.

I can say for sure that Globalization and outsourcing is good for overall economic development and we at Global Sourcing Council are always looking to find the benefits and create best practices which will further enhance these benefits. I look forward for more discussions from our readers on this subject…□

Sanjay Sharma has over twenty years of Global experience in Information Technology, Supply Chain and Project Management. Sanjay has managed backend Sourcing and Procurement operations for large organizations in Europe, Far East & Australia. He led procurement operations for a large industrial goods manufacturing organization. Sanjay has articles published in business magazines and publications on the subjects of procurement, supply chain and project management. Sanjay speaks at Conferences, Seminars and Symposiums. He works as consultant for Project Management and Global Sourcing. In addition he teaches Project Management subjects. His email contact is sanjaysrr@gmail.com.

 

 

 

The GSC 3S Award Corner:

The GSC 3S Awards program – Sustainable and Socially responsible Sourcing awards— honors the best sustainable and socially responsible practices in global sourcing.

All companies, corporations and individuals who support global sustainable development, social responsibility, ethical and ecological business practices and giving back to the local community are encouraged to apply.  It is the only sustainable business and social responsibility award geared specifically towards the global sourcing sector.

If you consider yourself an advocate and example of socially responsible and sustainable sourcing, APPLY TO WIN NOW!  For guidelines go to: www.gsc3sawards.com

All applicants must submit a video highlighting how they meet the GSC 3S Awards’ mission statement requirements by September 1, 2012. The awards gala is to take place on October 22, 2012, and tickets can be purchased at

3S Awards News Flash: Jeffrey Puritt, Telus International, Joins 3S Advisory Board Council

TELUS International’s president, Jeffrey Puritt, has joined the Global Sourcing Council’s (GSC) 2012 3S Awards Advisory Council this in July.

TELUS is one of only nine Canadian companies across all sectors to be named among the Global 100 Most Sustainable Companies in the World by Corporate Knights research firm (2010).

“TELUS International is proud to work with the Global Sourcing Council and the 3S Awards Advisory Council, which recognizes exceptional social and economic leadership from sourcing leaders around the world,” said Jeffrey Puritt, president of TELUS International.  “We know that, moving into the future, truly successful companies recognize the need to work in a sustainable and socially responsible way that embraces innovative practices.”

“I believe that Mr. Puritt’s presence among the advisory council members will enrich the experience of this year’s competition for all the participants, staff and the audience,” said Angeline Judex, Executive Director of the GSC 3S Awards program.