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What are the pros and cons of outsourcing

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Reference no: EM132788359 , Length: 1093 Words

Assignment - Outsourcing is a common practice in business, and it may be an option for a project you are responsible for managing. Understanding the considerations necessary for making the best decision for a project is essential to a successful project.

A project you are managing has a supply-chain issue. You are not able to continue utilizing a primary vendor. Select a product that would be essential to a project and identify the pros and cons of outsourcing an element of the project.

Write a 3 page paper (not including title and reference pages) responding to the following questions:

1. What are the pros and cons of outsourcing?

2. What could you do to minimize the negative effects?

3. Identify at least one element for each of the six outsourcing considerations in your answer.

The SIX outsourcing considerations:

1. The legal and political considerations

2. Security and safety considerations.

3. The geographic concerns including logistics.

4. The economic considerations.

5. Infrastructure considerations.

6. Cultural considerations.

Reference no: EM132788359

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