The following statement is true about outsourcing as it relates to business: O a. The price of labour is exorbitant O b. The workforce is usually not educated in most cases O c. They gain access to specialized equipment O d. Processes are usually inefficient has the greatest advantage of lower cost labor, regional suppliers, and local knowledge when making production decisions.
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- 2-What works at home may not serve customers adequately abroad, this points to ? a Firms financial costs . b Operating costs . c Supply chain joint venture . D The firm task environment .3. Examine the linkages between the process of outsourcing and the "race to the bottom."Hahn Manufacturing purchases a key component of one ofits products from a local supplier. The current purchase priceis $1,500 per unit. Efforts to standardize parts succeededto the point that this same component can now be used infive different products. Annual component usage should in-crease from 150 to 750 units. Management wonders whetherit is time to make the component in-house rather than tocontinue buying it from the supplier. Fixed costs would in-crease by about $40,000 per year for the new equipment andtooling needed. The cost of raw materials and variable over-head would be about $1,100 per unit, and labor costs wouldbe $300 per unit produced.a. Should Hahn make rather than buy?b. What is the break-even quantity?c. What other considerations might be important?
- (trends and challenges of outsourcing in business)this is the topic( create the business letter and memo of this topic)Y5 you are called to create the operations strategy for a europian luxry furniture manufacturar who has a150 year old heritage of existence in the European market . use this background to illustrate the organizations operation strategySupposedly, being a manager at a pharmaceutical firm;a. What type of supply chain strategy will you prefer to implement?
- Outsourcing is a popular business strategy involving hiring third-party services for customer support, payroll management, and software development. While it can increase cost savings and productivity, it has some problems that need to be addressed.Critically evaluate 10 difficulties encountered with outsourcing and propose solutions to the issues raised.Operations Management - Make a strategic sourcing process utilizing the hospitality/tourism industry operations. How to source products/materials used in the operation of the said department which is the (HOUSEKEEPING DEPARTMENT) Follow the strategic sourcing process from the video. https://youtu.be/oYxxp7yh8Ls1) Outsourcing value chain activities has such strategy executing advantages as A facilitating the empowerment of employees (because there are fewer things to do internally). B) promoting a total quality management culture. reducing the need to establish a strongly implanted corporate culture. less internal bureaucracy, speedier decision making, and quicker responses to changing market conditions. 2)Apple decides to reallocate resources by curtailing online ad budgets and investing heavily in scratch resistant Sapphire, the material that differentiates the Apple Watch from rival wearable computing device brands. What is MOST LIKELY the reason for Apple's reallocation of resources? A making critical value chain activities less effective B signaling commitment to online sales of the brand signaling commitment to offline sales of the brand D making critical value chain activities less effective 3) 3)The principal offensive strategy options include all the following EXCEPT A initiating a…
- Outsourcing. Discuss the advantages and disadvantages of this. Provide an example of eachEnumerate and briefly explain the five (5) outsourcing strategies.Kamal Fatehl, production ma nager of Kennesaw Manufacturing, finds his profit at $15,000 (as shown in the following statement)- inadequate for expanding his business. The bank isinsisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $25,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in a supply chain strategy for profit to improve to $25,000? What is the cost of material with a $25,000 profit?b) What percentage improvement is needed in a sales strategy for profit to improve to $25,000? What must sales be for profit to improve to $25,000?