Outsourcing Supply Chain is the practice of transferring certain aspects of a company’s supply chain operations to an external service provider. This process involves transferring the responsibility of managing and executing certain supply chain activities to a third-party organization. This can include activities such as procurement, logistics, inventory management, and distribution. By outsourcing these activities, companies can benefit from increased efficiency, cost savings, and improved customer service. Additionally, outsourcing supply chain activities can help companies gain access to specialized expertise and resources that they may not have access to internally. This can help companies stay competitive in their respective markets. Ultimately, outsourcing supply chain activities can help companies improve their overall performance and profitability.
