How does outsourcing affect the efficient deployment of supply chain management?
What will be an ideal response?
ANSWER: Partnering organizations are becoming increasingly efficient at dividing responsibility for supply chain management. Outsourcing, or contract logistics, is a rapidly growing initiative in which a manufacturer or a supplier turns over an entire logistical function (often buying and managing transportation, warehousing, and/or light postponed manufacturing) to an independent third-party logistics company (3PL). These service providers sell logistics solutions instead of physical products Common 3PL products include warehouse space, transportation solutions, information sharing, manufacturing postponement, and enhanced technological innovations. Outsourcing enables companies to cut inventories, locate stock at fewer plants and distribution centers, and still provide the same level of service or even better. The companies then can refocus investment on their core business. The most progressive companies are engaging in vested outsourcing relationships, whereby both parties collaborate deeply to find mutually beneficial arrangements that allow both parties to "win" by reducing overall costs while achieving better performance. Thus, outsourcing is becoming increasingly important in the efficient deployment of supply chain management.
You might also like to view...
Operations that used technology were once viewed as labor-intensive and "back-office" functions, rather than an integral component of the overall operation of an organization.
Answer the following statement true (T) or false (F)
Which of the following best describes distributions from a traditional defined contribution plan?
A. Distributions from defined contribution plans are fully taxable to the recipient as long-term capital gains. B. Distributions from defined contribution plans are partially taxable to the recipient as capital gains and partially nontaxable as a return of capital. C. Distributions from defined contribution plans are partially taxable to the recipient as ordinary income and partially nontaxable as a return of capital. D. Distributions from defined contribution plans are fully taxable to the recipient as ordinary income.
The response rates for coupons are very high, so the expense per redemption is low
Indicate whether the statement is true or false
You may have statistical significance and still not have:
A) practical significance B) large z values C) small p values D) small differences E) average x values