Describe outsourcing and give two reasons why its use has increased
Outsourcing involves selecting suppliers with expertise in a particular area of business to produce and deliver a component part or service to another company. The use of outsourcing has increased for two primary reasons. First, the total quality management movement in the 1980s helped increase companies' awareness that it is difficult to be "world class" in multiple activities and that settling for second-best products produced "in-house" just to maintain the work within a single organization is not the best approach. Second, the rapid increase in capabilities of information technologies and other communication devices has made managing multitier supply chains much easier.
You might also like to view...
Name the components of the hierarchy of effects model
What will be an ideal response?
Identify three possible media a company might use to implement a digital brand strategy
What will be an ideal response?
The choice of costing method will impact both the balance sheet and income statement.
Answer the following statement true (T) or false (F)
The primary method for union elections is __________.
A. a secret ballot B. a roll-call C. online voting D. majority, plus one E. mail-in vote