EEF Influence on Organisations-Free-Samples-Myassignmenthelp.com

Question: Discuss about the use for Qualitative and/or Quantitative Impact analysis of EEF. Answer: Tools and Techniques for Qualitative and/or quantitative impact analysis Tools or technique they intend to use for qualitative and/or quantitative impact analysis of Enterprise Environmental Factors (EEF) is that they decided to conduct outsourcing activities as the team had very less experience in the procurement and outsourcing activities (Schniederjans, Schniederjans, and Schniederjans, 2015). This was because all the activities were being done inside the house and with outsourcing, the team becomes more concerned with the issues in quality and future risks because of the outsourcing. It was estimated that the 15% of the project cost will be reduced by outsourcing. The team was required to balance the expenditures made on the testing and outsourcing activities. Justification Outsourcing is an appropriate strategy by which an organization settles major functioning in order to efficient and specialized service providers who can be valued partners in the future. One of the important reasons for a company to choose outsourcing is that it helps in improving the focus of the organization toward its goal. When services or products are produced efficiently and effectively by outside suppliers, outsourcing creates a competitive advantage which led to the increase the dependence of the organization towards outsourcing. It can be identified that the firms relying on the internal production have fewer advantages than the organization that is practicing outsourcing. There are more advantages of outsourcing like operational, strategic or both. Operational advantage includes short-term-avoidance while strategic advantage focuses on long-term contribution in order to maximize the opportunities (Tayauova, 2012). For driving economics and functions of the organization, it will need outsourcing. Refocusing on the resources of an organization on their core business can be done by executing outsourcing, and also helps companies in re-examine their plans of benefit and make those plans more efficient. Outsource also helps in reducing the cost of an organization over the longer term. Another appropriate reason for implementing outsourcing to an organization is that it helps in increasing or streamlining the efficiency of the functions which can consume time. An organization should ensure that it considers all components which are able to meet the requirements for making outsourcing successful in an organization and help in enhancing the performance of the organization. References: Schniederjans, M. J., Schniederjans, A. M., Schniederjans, D. G. (2015).Outsourcing and insourcing in an international context. Routledge. Tayauova, G. (2012). Advantages and disadvantages of outsourcing: analysis of outsourcing practices of Kazakhstan banks.Procedia-Social and Behavioral Sciences,41, 188-195.