Question at position 14 Buying materials and components from suppliers instead of making them in your company-owned operations, is known as?OutsourcingSelective SourcingOffshoringInsourcing

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BlackTom AI · Accepted Answer

Understanding the question: it asks for the term that describes buying materials and components from suppliers rather than producing them in company-owned operations.
Option 1: Outsourcing. This is the standard term for transferring an activity or function to an external supplier, which in this case is obtaining materials from outside rather than manufacturing them internally.
Option 2: Selective Sourcing. This would imply a deliberate choice among suppliers for specific items or contexts, but it does not fundamentally denote transferring production to external suppliers for all materials.
Option 3: Offshoring. Offshoring refers to relocating production activities to a different country, typically for cost advantages, not merely purchasing from suppliers domestically. The definition emphasizes location shift of production rather than the act of sourcing from others.
Option 4: Insourcing. Insourcing is the opposite of outsourcing: performing work within the company’s own facilities. This contradicts the idea of buying from external suppliers.
In summary, the key concept described is obtaining materials from external suppliers rather than producing them in-house, which aligns with outsourcing rather than the other options.

Question at position 14 Buying materials and components from suppliers instead of making them in your company-owned operations, is known as?OutsourcingSelective SourcingOffshoringInsourcing

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Question at position 14 Buying materials and components from suppliers instead of making them in your company-owned operations, is known as?OutsourcingSelective SourcingOffshoringInsourcing

查看解析

登录即可查看完整答案

类似问题

A third party adds most value when:

The idea behind _______ is “focus on what you do best and let others do the rest”.

What is an arrangement by which one organization provides a service or services for another organization that chooses not to perform them in-house?

Blank ______ is an arrangement by which one organization provides a service or services for another organization that chooses not to perform them in-house.

Part 1What is transferring a​ firm's activities that have traditionally been internal to external​ suppliers?Part 2 A. keiretsu network B. ​make-or-buy C. outsourcing D. vertical integration

Which of the following statement regarding outsourcing is TRUE?

Whereas 'strategic alliances' focus on collaboration and exchange between partners to achieve some benefits, 'outsourcing' usually focuses more explicitly on the uni-dimension of a firm reducing its _________.

更多留学生实用工具

希望你的学习变得更简单

Part 1What is transferring a firm's activities that have traditionally been internal to external suppliers?Part 2 A. keiretsu network B. make-or-buy C. outsourcing D. vertical integration