The ACME Cell Phone Company Has Developed a New Series

question 21

Essay

The ACME Cell Phone Company has developed a new series of phones that it plans to bring to the market in the next 18 months.Management is considering whether to produce the product in-house or to contract out the purchasing and manufacturing of their new cell phones.
Provide FOUR conditions that would favor outsourcing and FOUR conditions that would favor making the cell phones in-house.
Also,which internal parties and external parties must procurement consult with in order to make an informed decision?

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Definitions:

Classical Economic

Pertains to the original economic theories and principles laid out by economists such as Adam Smith, focusing on market dynamics and efficiency.

Stakeholders

Individuals or groups with an interest or concern in the success and activities of a business or project, including employees, customers, investors, and the community.

Stakeholder Audit

A systematic examination of how an organization's activities impact its stakeholders, and how these relationships affect the organization's performance and strategy.

Social Responsibility Profile

A summary or evaluation of how a company's operations impact social and environmental factors, reflecting its commitment to ethical standards and sustainability.