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Explain the risks and benefits of outsourcing. Find an example of a product you have recently purchased.
1. Explain the risks and benefits of outsourcing.
2. Find an example of a product you have recently purchased. Identify the logistics tasks that would have to take place in order for the product to be available for you to have the ability to purchase it.
3. Urbanite Hip is a clothing store catering to college students and young professionals. It carries fashion merchandise and wants to ensure that it is using inventory effectively.
Cost of goods sold is $5,000,000 and average inventory in dollars is $250,000.
a. What is their inventory turnover?
b. What is the weeks of supply, assuming 52 weeks per year?
c. What do these numbers tell you about Urbanite’s inventory utilization?
Running head: MANAGEMENT 1 ManagementNameInstitution MANAGEMENT 2Management OutsourcingIn the organizational management outsourcing has become of significance in providingsolutions. However,...