Explain why sourcing and procurement activities are an important part of supply chain management.

Your answers should show familiarity with the text and topics being covered in the unit.
Use the text, lecture notes, and/or PowerPoint as references
Each question response should consist of at least 150 words.
Responses should be free of typographical, spelling, and grammar errors.
Explain why sourcing and procurement activities are an important part of supply chain management.
Describe the reasons why outsourcing and offshoring occur.
Explain what reverse logistics is and why firms utilize it.
Explain what big data is and describe the components of a marketing information system.
Describe the basic steps in the marketing research process and the purpose of each step.

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