What is the first step in managing outsourcing?
A)cost-benefit analysis
B)selecting the vendor
C)negotiating the contract
D)monitoring the arrangement

Question

Quizplus · Accepted Answer

The first step in managing outsourcing is to conduct a cost-benefit analysis. This analysis helps to determine whether outsourcing is the most cost-effective option for the organization, as well as identify potential risks and benefits. Once the analysis is completed, the organization can then proceed with vendor selection, contract negotiation, and ongoing monitoring of the outsourcing arrangement.

What Is the First Step in Managing Outsourcing