Q1.1 Discuss below circumstances favouring buying (outsourcing) and circumstances favouring making circumstances favouring buying (outsourcing) 1.when inadequate facilities or better investment possibility exist 2.when the operational staff's knowledge and skills are inadequate 3. when it is cheaper to buy than to make
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Hi there can you please assist on the following question below
You have been recently appointed as a Purchasing Manager at Unilever. The director has
mentioned that the organisation has recently been experiencing uncertainty in demand and there
is currently no available capacity. As such, he is unsure whether he should make or buy the new
range of cleaning detergents.
Q1.1 Discuss below circumstances favouring buying (outsourcing) and
circumstances favouring making
circumstances favouring buying (outsourcing)
1.when inadequate facilities or better investment possibility exist
2.when the operational staff's knowledge and skills are inadequate
3. when it is cheaper to buy than to make
circumstances favouring making ( insourcing)
1.When it cost the organisation less to produce the product or service
2.when no or only a few reliable suppliers exist
3. when there is capacity available for use.
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Hi there can you please assist on the following question below
You have been recently appointed as a Purchasing Manager at Unilever. The director has
mentioned that the organisation has recently been experiencing uncertainty in demand and there
is currently no available capacity. As such, he is unsure whether he should make or buy the new
range of cleaning detergents.
Q1.1 Discuss below
circumstances favouring making ( insourcing)
circumstances favouring making ( insourcing)
1.When it cost the organisation less to produce the product or service
2.when no or only a few reliable suppliers exist
3. when there is capacity available for use.
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