Internal and External Sourcing Strategies


Essay, 2010

7 Pages, Grade: 91.00


Abstract or Introduction

Internal/External Sourcing Strategies Paper
Organizations face challenges to improve their financial standing. Challenges such as product design and quality, cost of goods sold, and cycle time contribute to an organizations financial health. To assist organizations better control these factors, supply chain management techniques, when implemented improve costs, delivery cycle times, and quality. Supply chain management achieves these goals through the use of strategic sourcing. Strategic sourcing leads organizations’ to decide whether they want to keep certain activities in-house or internally or if they want to outsource or have certain activities done externally for them by another organization or supplier. This paper will evaluate the differences between internal and external sourcing strategies in service and manufacturing organizations. In addition, advantages and disadvantages of outsourcing to foreign countries are reviewed. Finally, a favorable position of outsourcing to a foreign country is undertaken with supporting evidence.

Details

Title
Internal and External Sourcing Strategies
College
University of Phoenix
Course
ISCOM 370 Strategic Supply Chain Management
Grade
91.00
Author
Year
2010
Pages
7
Catalog Number
V167300
ISBN (eBook)
9783640838004
ISBN (Book)
9783640837816
File size
396 KB
Language
English
Notes
Double spaced
Keywords
internal, external, sourcing, strategies
Quote paper
James Tallant (Author), 2010, Internal and External Sourcing Strategies, Munich, GRIN Verlag, https://www.grin.com/document/167300

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