When a business decides to outsource some tasks, how much money can they anticipate to save?
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When a business decides to outsource some tasks, how much money can they anticipate to save?
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- What factors should organizations consider when deciding whether to outsource certain business functions or processes, and what strategies can they employ to effectively manage and mitigate the risks associated with outsourcing arrangements?You have just been hired as an Assistant Manager of Green and White Food (GWF), a restaurant/bar supply business that provides a full range of wholesale products to eating and drinking establishment in the South-East United States. The business, established 25 years ago, caters to college students-oriented bar and grills. It has traditionally offered the lowest price on the market for food service products, although the level of service offered is significantly lower than other firms, roughly around 84 % in terms of product availability. Instead, focus has been on operational efficiency to minimize costs. Growth has been steady due to the slim profit margins experienced by most of the customers that the firm serves. In the last 2 years, however, a number of competitors have begun to match GWF’s prices while providing higher service levels, particularly in the areas of delivery replenishment time and product availability. As a result, GWF’s market share has been shrinking…why is it hard for businesses to measure their sustainability impact ?
- What are the type of costs that generate by logistic activities?Discuss why is it desirable for a business to boost it's inventory turnover ratio?Hi there can you please assist on the following question below You have been recently appointed as a Purchasing Manager at Unilever. The director has mentioned that the organisation has recently been experiencing uncertainty in demand and there is currently no available capacity. As such, he is unsure whether he should make or buy the new range of cleaning detergents. Differentiate between insourcing and outsourcing. Discuss at least two circumstances favouring buying (outsourcing) and at least two circumstances favouring making (insourcing). Based on your discussion of the circumstances favouring outsourcing and insourcing as well as the restrictions outlined by the Director, identify whether the cleaning detergents should be outsourced or insourced. Justify your answer by discussing at least two key points. Identify any two potential drawbacks that Unilever could face given their choice of sourcing method.
- TRUE OR FALSE? Selecting the best alternative always depends on the economy under study, rather than the total costs.Describe why the methodology for purchasing a small system could differ from purchasing a large system.You are a supply chain manager at a UK firm. In 2010, a volcano broke out in Iceland, disrupting air travel across Europe. On the one hand, you are considering switching to local suppliers in the UK. On the other hand, you feel bad about abandoning your Asian suppliers, with whom you have built a pleasant personal and business relationship, and who – in the long run – may be able to delivery produce much cheaper. Yet, your tightly coordinated production cannot afford to miss one supply shipment. How do you proceed?
- Suppose a company has a fixed cost of $100,000 and a variable cost per unit of $10. It sells its product for $14. Calculate its break-even level of output. Calculate how much it must produce to make $100,000, assuming it can sell it all. At an output level of 35,000 units, if it can buy the product wholesale from a distributor at $12 each, should it outsource or produce the product itself?Many organizations have differentiated themselves in the marketplace by their "low cost" value proposition to customers (i.e. Spirit Airlines, Dollar Tree, Walmart, and Aldi). To achieve this, the organization fine-tunes their business model to remove as many overhead costs and unnecessary costs so it may pass those savings on to its customers. Select a domestic or international business that has a "low cost" value proposition to its customers and consider the following questions: How does it market itself? How does a low-cost operating structure make them stand out and succeed in the market? Is "low cost" a sustainable model for this company? Evaluate this strategy from an ethical perspective.give an explanation to the following statements: Whenever an input is in fixed supply, budgetary expenditure underestimates the social cost of a project