Question

What are core competencies? Explain growth in outsourcing for supply chain.

Answer 1

It involves many levels of people and all functions." To ensure long-term growth and success, an organization should identify its core competencies and then invest in those areas, focusing resources on building and maintaining the skills that contribute to the competencies.

Answer 2

Answer:

Explanation:

Sometimes, when particular functional areas or activities are outside of the core competencies of the business, outsourcing is considered.

Outsourcing is essentially a transfer of business to a company whose core competencies include the transferred activities and functions.