Many organizations outsource their functions to specialist suppliers (e.g., for IT services, common suppliers are IBM, HP, and Accenture). What benefits do corporations derive from outsourcing? What transaction costs arise from these relationships?

Q: "Full-service provider" may mean several things. How do full-service suppliers benefit?

A: In general the product we purchase has been subjected to at least the following stages of inspection…

Q: Understand which supply chain functions affect business success, and how

A: We can say that where it is helpful to have some statistics on hand to validate the statement above.…

Q: Explain why businesses should internalise production within the firm and what are the transaction…

A: Business is unpredictable and dynamic in nature. All processes and systems that are happening inside…

Q: What are new things that you've learned within the procurement subject and what are the activities…

A: This question is related to the topic of supply chain management and this topic falls under the…

Q: Discuss the concept of supply chain integration and its importance in achieving operational…

A: Since the second part of the question is graded, as per our Authoring guidelines, we would answer…

Q: Should companies always depend on external vendors for their software and hardware requirements?…

A: Investigating and finding suppliers, requesting quotations, establishing contracts, maintaining…

Q: In various settings, the term "full-service provider" may have a number of distinct meanings. When…

A: INTRODUCTION -  When choosing a service provider, it's important to consider their range of services…

Q: Why will logistics and supply chain management be critical to Amazon.com's future success?

A: Logistics is the managing of materials and other things between the origin and the point at which…

Q: Should purchasing managers become entrepreneurial in other industries?

A: A purchasing manager, often called as the supply manager is the individual of the organization who…

Q: The four foundation elements of supply chain management include supply, operations, logistics, and…

A: Supply chain management is the management of goods and services, starting from raw material,…

Q: Supply chain management spans all movement and storage of raw materials, work-in process inventory,…

A: Supply chain management is the management of the flow of goods and services that transform raw…

Q: What procurement mistake would be the most detrimental for your organization and why?  Which one…

A: Regardless of whether you are running the procurement division in an organization, working a…

Q: Explain on how Enterprise Systems can be used to improve integration of the supply chain. Use…

A: Supply chain management is a approach that is utilized to integrate suppliers, manufacturers,…

Q: two main ways

A: The internet plays a very important role for the growth and development of the companies. It…

Q: It is all about being connected, visible, working together, and completing tasks efficiently. How…

A: Supply chain management is the management of the flow of goods and services. The main objective of…

Q: hain integration in ensuring

A: Logistics' function in the supply chain ensures that products are transported according to quality…

Q: Why do some firms choose not to use the services of 3PL firms?

A: Companies do not use the services of 3PL firms due to the following reasons:

Q: Why has supply management traditionally not been involved in the corporate strategicplanning…

A: A disciplined and distinct interaction of authoritative exertion is pointed toward determining the…

Q: How does an indirect customer successfully manage service procurement costs by performance-based…

A: Performance-based logistics is a new approach to doing business. It's a logistic support solution…

Q: Supply chain management decisions drive most of the costs for every company, so marketers are…

A: The ways in which supply chain cost can be reduced are as follows: It costs money to keep inventory…

Q: Explain how Supply Chain Functions impact Company success?

A: Supply chain management is a comprehensive process that begins with the procurement of raw…

Q: The Internet has brought about significant changes to how an organization runs its business. With…

A: Cash-in-AdvanceBecause payment is made before ownership of the products is transferred, an exporter…

Q: if you were the manufacturer,what method of product distribution would you prefer?

A: If you don't have a physical store, you'll need to find other means to distribute your goods and get…

Q: Is a franchise package an example of commodity bundling?

A: When related commodities are grouped and placed under a single package to offer the consumers in a…

Q: The most common type of contractual vertical marketing system is the franchise organization. Visit…

A: Franchise is a distribution of goods and services which involve a franchisor , franchisor is the one…