FOR YEAR5 sourcing has been just another word for procurement a financially material but strategically peripheral corporate function Now globalization aided by rapid technology innovation is changing the basis of competition Its no longer a companys ownership of capabilities that matters but rather its ability to control and make the most of critical capabilities whether or not they reside on the companys balance sheet Outsourcing is becoming so sophisticated that even core functions like engin

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Increased competition is a result of globalization This competition could be related to product and service costs and prices target markets technology adaptation quick reaction and company production ... View the full answer