THE OMX BLOG

Strategic sourcing is a collaborative and holistic approach to supply chain management that uses fact-based analysis to acquire the organization’s current and future needs at the lowest total cost of ownership (TCO) and risk.

This concept causes the purchaser to focus on the needs of the entire organization, rather than just the current needs of one area. For instance, focusing on fully understanding your own value proposition as well as the end customer’s needs and procurement processes, market conditions, and supplier capabilities to achieve the company’s overall, broader goals.

There has been a lot of talk in the media about infrastructure spending. The Liberals campaigned on a promise to create jobs from Infrastructure spending, and then their recent budget laid out a plan to spend billions in infrastructure over the next decade.

So how do we maximize the benefit to Canadian industry from these infrastructure projects? 

Recipients of offset (IRB/ITB in Canada) transactions are frequently asked to sign formal Certifications confirming that your local content, or in Canada, Canadian Content Value (CCV) is true and accurate. To be clear, by signing this certification (which you most likely will have to to sell to large Government contractors), the liability is put onto you, the supplier, to ensure your CCV calculation is correct.