___________ is the approach that is attractive for many firms whose core competencies do not include elements of supply chain management.

Question

Quizplus · Accepted Answer

Insourcing is the approach where firms decide to perform all or some of their logistics functions in-house rather than outsourcing to third-party logistics providers. This approach is attractive for many firms whose core competencies do not include supply chain management expertise. By insourcing, firms can have better control over the quality of the services provided and can also reduce the risk of losing control over their operations. This approach is particularly beneficial for companies that have specialized and unique processes, products or services that require constant monitoring and refining.

___________ Is the Approach That Is Attractive for Many Firms