Outline and explain the concept and process of sourcing


1. Assume that Damon decides to start a party-planning business:

A. Identify two ways he could assess the cost of goods or services sold for this business.

B. Which costs, described in the case, will become part of Damon’s operating cost structure?

C. Make a list of additional items Damon will need to purchase to get his business off the ground. Research the cost of these items.

2. Outline and explain the concept and process of sourcing selection in the healthcare supply chain. How are insource and outsource options different?

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Operation Management: Outline and explain the concept and process of sourcing
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