Describe the advantages and disadvantages of hiring vendors

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Assignment Details

Many companies hire outside entities to buy products and services for their projects or ongoing, routine work. These products and services can be obtained domestically or offshore from companies or individuals. Companies do that because they do not have enough resources, knowledge, or time to complete products and services internally, or, simply, suppliers can do that cheaper and faster.

Describe the advantages and disadvantages of hiring vendors from the perspective of a company with which you are familiar.

Share experiences or knowledge gained through reading relevant textbooks and articles, as well as watching educational videos. Provide substantive responses related to Unit 1 learning objectives. Ensure that responses satisfy length requirements and that they reflect your ideas and point of view rather than materials copied and pasted from various sources.

Reference no: EM133464531

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