[Get Solution] Procurement Outsourcing Strategies

Go through the scenario.   Your task is to determine which procurement strategy is best for the company.    Choose a solution and in one paragraph make a clear and specific recommendation based on the readings in the class so far. In a second paragraph, describe how the company can implement your recommendation. Write your recommendation/implementation in third person.  Include a cover page.   At the end, discuss the questions that are presented below.   Answer the following questions: What did you find challenging in completing the scenario?  How do strategic alliances impact procurement outsourcing strategies ? Provide your response by uploading a Word document using this format: Recommendation Implementation SCENERIO: YOU ARE THE SUPPLY MANAGER FOR WONDERFUL WIDGETS. THE COMPANY CAN PROCURE ITS WIDGET PARTS FROM VARIOUS SUPPLIERS OR USE ITS CURRENT EQUIPMENT, FACILITY, LAYOUT, AND MATERIALS TO PRODUCE THE COMPONENT IN HOUSE.  PROBLEM: AS THE SUPPLY MANAGERE YOU SEE THE OPERATIONAL COST INCREASE EACH MONTH,. YOU NEED TO REDUCE THERE COSTS AND STREAMLINE PROCESSES BEFORE THE END OF THE QUARTER. COORPORATE WILL SEE THESE COST ON THE QUARTERLY REPORTS. YOU NEED TO BE PROACTIVE.  DECISION: OUTSOUCE MINIMIZE TOTAL LANDING COST