Assignment 3 – Factor Rating Matrix with Hidden Cost

For this assignment, you will evaluate the factors involved in outsourcing a product. Watch the video below on the Factor Rating Matrix.

Assignment Instructions

Your company manufactures a product that is sold in all of the Americas, Europe, and Asia. You are considering outsourcing the manufacturing of one of your non-core products offshore. Select the product, and in an Excel file, calculate the following:

1. What is the product?
2. What countries you selected and why?
3. Complete a Factor Rating Matrix in excel for three (3) countries you would outsource to.
4. Identify five (5) more hidden costs.
5. Identify three (3) more qualitative aspects of the three countries you would outsource to.

Requirements

• Submit your Excel document with the required calculations and response to all questions.