Question

Cash Now Industries just hired 500 new workers to build ATMs and self-service check-out systems at its manufacturing plant in Tennessee. The company also plans to hire several hundred more employees by 2021. In the past, these machines were built primarily in Asia. Both shipping costs and quality control were cited as the reasons these companies have elected to change production strategy to
(A) insourcing.
(B) outsourcing.
(C) benchmarking.
(D) competency control.

Answer 1

Option A

Both shipping costs and quality control were cited as the reasons these companies have elected to change production strategy to  insourcing

Explanation:

The organization's authority above services and conclusions will change depending on whether the firm is practicing outsourcing or insourcing. Insourcing is the responsibility of a project to a personality or unit within an organization preferably than to a third party.

As a practice, insourcing affords companies with an added charge above decision-making and the capacity to run more speedily and accurately. Insourcing can be more valuable for a company because it frequently includes the implementation of unique processes to start a distinct division in the organization.