Outsourcing WEEK DISCUSSION BOARD ASSIGNMENTInstructions:Review the discussion question below.Write your discussion post.As part of the Week Discussion Board assignment, you will submit a MS Word document (.doc or.docx) containing the exact contents of each discussion board post (e.g., if you post once, submit one document; if you post three times, submit three documents) using the provided assignment submission link. The originality of each submitted document will be checked using the SafeAssign originality-checking tool. The discussion board assignment will receive zero points if incomplete, inaccurate, insufficient, or no documents are uploaded to SafeAssign.Click the Week SafeAssign Check Link above to submit it through SafeAssign.Revise as needed.Copy and paste your completed MS Word document (.doc or.docx) using the Week Discussion Board link.Assignment:After watching the video, Outsourcing and Procurement, create your own thread discussing at least three concepts presented in or that you learned from the video. Answer Preview .According to the video, outsourcing is an important pa
rt of business processes that help access resources with much ease depending on the competency level within the firm and the capacity available within the said business. Research on the concept indicates that it serves an important purpose in reducing the total cost of production, by ensuring that a firm can access goods produced by firms with higher economies of scale, which prompts them to produce the said products at a cheaper cost than would the outsourcing company (Gunasekaran, Irani, Choy, Filipi, & Papadopoulos, 2015). Consequently, the process serves an important role in reducing the total cost of production, and therefore the price of its products within the market. Nonetheless, the video also highlights that the decision to outsource is never one reached with as much ease. On the contrary, an organization would need to consider factors involving the products and the consumers therein before ultimately settling on whether it would be appropriate to get the product from an external supplier. Essentially, while outsourcing may be appropriate
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