What are the four sourcing strategies

Reference no: EM133651681

QUESTION

Annakay Ferguson sells beauty supplies. Her annual demand for a particular skin lotion is 7,000 units. The cost of placing an order is $10, while the holding cost per unit per year is 10 percent of the cost. This item currently costs $2.50 if the order quantity is less than 1500. For orders of 1501 units or more, the cost falls to $2.45. To minimize total cost, how many units should Vicky order each time she places an order? What is the minimum total cost?

b). Define outsourcing and discuss its advantages and disadvantages.

c). What are the four sourcing strategies, how do they work, and what are the advantages of each?

Reference no: EM133651681

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