Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages To Order 5-10 Pages Description/Paper Instructions
Discussion One
Cost minimization is a basic rule used in business that determines what portion of input, usually labor and capital (Bounthayong, 2019), will create an output at the lowest cost. This can be further explained by a reduction of cost and getting the most for each dollar spent (Bayer & Prince, 2017). Companies outsource for a variety of reasons, but it usually comes down to one thing: cost reduction. The auto industry uses outsourcing to achieve economies of scale accomplish tasks at a lower cost (Ciravegne, Romano, & Pilkington, 2013). Labor is one of the biggest costs in manufacturing. It not only includes wages, but also the benefits provided to employees. Parts can be supplied from other companies thus reducing labor costs. They can also use a design and sub-contracting companies to reduce overhead costs. Overhead costs include utilities and the maintenance of the equipment on the production line (Hamlett, 2017). These are just two ways auto companies can use outsourcing to minimize costs.
Baye, M. R., & Prince, J. T. (2017). Managerial economics and business strategy. New York, NY: McGraw-Hill Education.
Bounthavong, M. (2019, February 20). Cobb-Douglas production function and costs minimization problem. Retrieved June 30, 2020, from https://mbounthavong.com/blog/2019/2/19/cobb-douglas-production-function-and-total-costs (Links to an external site.)
Ciravegna, L., Romano, P., & Pilkington, A. (2013). Outsourcing practices in automotive supply networks: An exploratory study of full service vehicle suppliers. International Journal of Production Research, 51(8), 2478-2490. doi:10.1080/00207543.2012.746797
Hamlett, K. (2017, November 21). Reasons for Outsourcing in a Manufacturing Industry. Retrieved July 01, 2020, from https://smallbusiness.chron.com/reasons-outsourcing-manufacturing-industry-1292.html
Discussion Two
Cost mitigation on automotive company’s input strategy can influence “outsourcing” by directing the type of outsourcing depending on the amount the company is willing to spend. Shukla (2010) explains that offshore outsourcing is much more expensive compared to onshore outsourcing. In offshore outsourcing, the automotive company will incur enormous costs due to hidden costs that come with the strategy. The strategy may seem cost-effective, but it ends up spending up to 50 more of the front –end amount.
Aside from the cost, the steps involved in the acquisition process are essential in determining the impact of these to the company’s brand. The environment is so appealing; hence may do some movement for the clients. The “Yes” agreement was only seen when young companies are not faced with different environments, such as cultural differences and language problems (Lee et al., 2018). Outsourcing in the automotive field can be expense factors are against the production of quality work.
Finally, the availability of complementary services such as Data Protection services has the impact of influencing whether an automotive company should outsource or not. The presence of a supportive external environment, such as the presence of government services, makes the outsourcing process efficient. The company will not have to strive much when looking for an external supply of labor and the market (Lee et al., 2018). Therefore, auto companies tend to utilize the external environment is determining situations where outsourcing is a wise idea or not. Cost is a considerable aspect in determining the strategy, and outsourcing the Auto companies usually undertake. The organization will only indulge in outsourcing deal has more benefits than costs in many cases. The nature of the outsourcing strategy also plays an instrumental role in shaping up the decision of auto companies to use the technique. In contrast, the availability of complementary services will positively encourage the institution to outsource.References:
Lee, M. J., Paik, S. Y., Cave, A. H., & Jung, J. S. (2018). Comprehensive competitiveness for auto companies from the USA, Germany, Japan, and Korea: Empirical analysis through a diamond model perspective. International Journal of Multinational Corporation Strategy, 2(2), 95–132.
Shukla, M. L.-R. (2010). The benefits and risks of outsourcing | Lexology. https://www.lexology.com/library/detail.aspx?g=e698d613-af77-4e34-b84e-940e14e94ce4
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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