¶ … functions should be outsourced at your company (Insurance Company), how and why?
Which principles of elimination of waste and lean supply chain can you apply at your company (Insurance Company)? How and why?
Outsourcing and Lean Supply Chain Management for Insurance
The insurance industry provides an interesting test case for whether outsourcing and traditional supply-chain strategy can work for a product that is not a manufactured good at any stage. Even compared to the software or financial industries, insurance products are "virtual" and participate in few of the traditional supply-chain dynamics. However, certain patterns that obtain in manufacturing also apply to insurance, such as the "bullwhip effect" and the usefulness of outsourcing segments of the decision tree (Chase, Jacobs, & Aquilano, 2005). In particular, claims processing outsourcing has been a tremendous cost saver for medical and personal insurance. I will discuss this development, and strategic capacity management as it impacts lean supply chain in the insurance industry, below.
Outsourcing Claims Management
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UAE HRM The Urbanest company is expanding into the UAE. This is the first time that the company has entered into a Muslim country. As such, HRM plans need to be adjusted to deal with this reality. This will provide some unique challenges. However, given the friendly history of the UAE's acceptance of foreign companies, the penetration of the company into this environment should be able to occur successfully. Cultural Basis- Before any
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