Asked by Taylor A. Healey on May 04, 2024
Verified
Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors.
Outsourcing
The practice of hiring third parties to perform services, handle operations or provide goods that are either difficult to manage or outside the company's expertise.
Key Success Factors
Critical elements or factors that contribute significantly to the achievement of organizational goals and objectives.
- Acknowledge the importance of managing the supply chain in service-oriented companies and the effects on decisions related to outsourcing and offshoring.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
True
Explanation :
Outsourcing allows the firm to delegate non-core functions to external contractors, allowing them to focus on their core competencies and improve their overall performance.
Learning Objectives
- Acknowledge the importance of managing the supply chain in service-oriented companies and the effects on decisions related to outsourcing and offshoring.