What is outsourcing Supply Chain?

Answer by  SriLanka (264)

Outsourcing the supply chain just means that you hire other firms to handle the supply chain of your business. The "supply chain" is just the flow of materials and products through your company. a supply chain includes all of the following: stocking components, storing them, shipping products etc.

Answer by  Anonymous

Outsourcing the supply chain means that you are prepared to pay others a margin to perform a holistic end to end operation that is crucial to your companys success and in an area where you have lots of internal competence and interdependencies to deal with

Answer by  diane (117)

Outsourcing is the practice of using people outside your company that are not employees. It can help reduce costs, and to help improve the quality of your business. One example would be that if you need things shipped you would use a trucking company instead of buying your own trucks.

Answer by  tamarawilhite (17883)

Outsourcing your supply chain is when you hand over logistical operations to another company. This can include outsourcing running of a warehouse, deliveries, and part ordering.

Answer by  AnkurMohta (114)

Supply chain outsourcing means contacting another company to provide supply chain services that would otherwise be performed by in-house employees. Reasons are:- Reduce costs, cycle time Improve inventory turns

Answer by  mpelle (343)

When a company has another company overseas that is producing their products for cheaper than it would cost in the United States.