Question: Outsourcing helps decrease production costs when a part of a product can be obtained in a lower cost from an external producer. Globalization has helped
Outsourcing helps decrease production costs when a part of a product can be obtained in a lower cost from an external producer. Globalization has helped outsourcing too. However, with outsourcing we become more dependent on our suppliers. Develop a causal loop diagram of at least three feedback loops that depicts outsourcing as affected by production costs and organizational capabilities. In this diagram make sure you have two specific variables of outsourcing and profit Make sure your diagram has at least positive feedback loop and negative feedback loop.
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