1 Write short notes on: 1. Outsourcing strategies for capital productivity 2. Implementation of operations 3. Basic competitive priorities 4. Market survey method of forecasting
Answer:-
Outsourcing strategies for capital productivity
When capacity requirements are determined, it is easy to figure out whether some goods or services can be outsourced. Outsourcing can reduce the capital and manpower requirements. Also, the available capacities can be used to augment the core competencies thus reducing the cost of the product or service to the customer. Further, outsourcing also helps in improved product design and even enables better networking and collaborations. However, lack of expertise, quality considerations, nature of demand, and cost factors may restrict outsourcing.
