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About Outsourcing in Supply Chain Management
Sourcing is a key process in supply chain management that includes supplier selection, procurement, and design collaboration. Effective sourcing can lower costs through economies of scale, efficient procurement, and products designed for lower manufacturing and distribution costs. Outsourcing some activities can increase surplus if a third party offers lower costs through capacity, inventory, and information aggregation, though it also increases coordination and data risks. Sourcing decisions require analyzing spending and supplier performance to maintain a balanced portfolio.
Detailed Information
| Author: | ['Moshmi Mazumdar'] |
|---|---|
| Publication Year: | 2015 |
| Pages: | 19 |
| Language: | English |
| Format: | |
| Price: | FREE |
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