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Exam 20: Outsourcing As a Supply-Chain Strategy

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Question 21

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Identify some ethical principles as applied to outsourcing.

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Question 22

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________ is the practice of moving a business process to a foreign country but retaining control of it.

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Question 23

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Identify three factors fueling the continuing growth of outsourcing.

Outsourcing is the practice of procuring from external sources services or products that are normally part of an organization.

Research indicates that of all the reasons given for outsourcing failure,the most common is that the decision was made without sufficient understanding of the options through analysis.

Identify five main advantages of outsourcing.

Offshoring is the practice of procuring from foreign external sources services or products that are normally part of an organization.

Nearsourcing helps compromise a company's desire for ________ while still providing some ________.

The theory of comparative advantage states that you should allow another firm to perform work activities for your company if that company can do it more productively than you can.

What do you think would be a major risk for a government trying to promote its country as a low-cost producer,filled with ready and willing outsourcing providers?

The factor-rating method is an excellent tool for dealing with both country risk assessment and source provider selection problems.

Outsourcing manufacturing is also known as ________.

Which of the following is the number-one reason driving outsourcing for many firms?

What permits CEOs,who prefer short-term planning and are interested only in bottom-line improvements,to use the outsourcing strategy to make quick gains at the expense of longer-term objectives?

Whatever the outsourced product or service,agreements must specify ongoing ________ and expected ________.

The practice of choosing an external provider in the home country or in a nearby country is referred to as

What theory states that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?

Which of the following is a key issue coupled between ethics and outsourcing?

Nearshoring is the practice of choosing an outsource provider in the home country or in a nearby country.

Outsourcing is not a new concept;it is simply an extension of the long-standing practice of subcontracting production activities.