Please provide new response. Why would a company outsource parts of its supply c

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Please provide new response.
Why would a company outsource parts of its supply chain? Explain the value of this practice and why so many companies use it today. What are some operational challenges that outsourcing can present?
Please provide new response.
Why would a company outsource parts of its supply chain? Explain the value of this practice and why so many companies use it today. What are some operational challenges that outsourcing can present?
Please provide new response.
Why would a company outsource parts of its supply chain? Explain the value of this practice and why so many companies use it today. What are some operational challenges that outsourcing can present?

Why would a company outsource parts of its supply chain? Explain the value of this practice and why so many companies use it today. What are some operational challenges that outsourcing can present?

Why would a company outsource parts of its supply chain? Explain the value of this practice and why so many companies use it today. What are some operational challenges that outsourcing can present?

Explanation / Answer

Outsourcing is defined as getting goods or services from outside vendors.

Pros:

Challenges:

Outsourcing should be done when it involves non-core competency for the company and by outsourcing it can lead to better efficiency, lower costs and increase company focus on its core competency.

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