Question: How does NPD tie into the outsourcing decision?

How does NPD tie into the outsourcing decision?

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New Product Development NPD can significantly influence outsourcing decisions particularly when it comes to determining which parts of the development process are best managed inhouse versus outsourced Heres how NPD ties into the outsourcing decision Resource Allocation and Expertise NPD often requires specialized knowledge or skills that may not be available inhouse Outsourcing can allow a company to leverage external expertise especially in areas like technology development design or manufacturing For instance if a company is developing a new software product but lacks the technical expertise for certain features outsourcing the development of those specific features might be an effective solution Cost Considerations One of the most common reasons to outsource ... View full answer

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