Read the following extract and answer the questions that follow: Once the decision has been made to outsource a product or service, firms will typically use a process known as strategic sourcing to decide to whom to outsource the product or service, as well as the structure and type of relationship that should be established. A sourcing strategy is typically focused on a category of products or services, and for that reason, the strategy is sometimes called a category strategy. Process mapping is a tool that reduces processes to their component parts or activities and helps identify and then eliminate non-value-added activities (waste) or delays within a process. Process mapping is valuable in purchasing, for example, when attempting to streamline the flow of material or information between suppliers and a purchaser Explain the criteria that is used to determine whether a project successfully completed
Read the following extract and answer the questions that follow:
Once the decision has been made to outsource a product or service, firms will typically use a process known as strategic sourcing to decide to whom to outsource the product or service, as well as the structure and type of relationship that should be established. A sourcing strategy is typically focused on a category of products or services, and for that reason, the strategy is sometimes called a category strategy. Process mapping is a tool that reduces processes to their component parts or activities and helps identify and then eliminate non-value-added activities (waste) or delays within a process. Process mapping is valuable in purchasing, for example, when attempting to streamline the flow of material or information between suppliers and a purchaser
Explain the criteria that is used to determine whether a project successfully completed
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