5.4 Advantages and Disadvantages of Locations | Quizlet
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8 Terms
Outsourcing/Subcontracting pros
focus on core activities
improved quality
transfer of expertise
Outsourcing/Subcontracting cons
more dependent on the supplier
less control on the final product
Dilution of the brand
Offshoring pros
cheaper
specialized skills
focus on strategic goals
Offshoring cons
miscommunication
Language and work culture barriers
issues of quality and ethics
Insourcing pros
full control
easier to coordinate
employment and skill development
Insourcing cons
more expensive
lack of specialized knowledge
less focus on strategy
Reshoring pros
easier to monitor quality
lower transportation costs
simplifies coordination
Reshoring cons
higher operational expenses
lack of specialized knowledge
weakened international competitiveness