A company by name bioTD is about to out-license one its product; citofem liquid cytology to Brazil. BioTD wants to maintain its Intellectual Property by controlling the QA/QC of this product. Research on outsourcing QA/QC function to a third party. The cost benefit Analysis versus sending the product from Brazil to CostaRica where bioTD is located for the tests.© BrainMass Inc. brainmass.com December 15, 2020, 10:58 pm ad1c9bdddf
--A company by name bioTD is about to out-license one its product; citofem liquid cytology to Brazil. BioTD wants to maintain its Intellectual Property by controlling the QA/QC of this product. Research on outsourcing QA/QC function to a third party. The cost benefit Analysis versus sending the product from Brazil to CostaRica where bioTD is located for the tests.
The management goal is to establishing sufficient quality control and assurance procedures for continuing the business continuity in selling the product (i.e. case example, Citofem liquid). In doing so, the cost assessment is vital to determining if the overall goal relates towards measuring outsourcing for the bettering in the company's initiatives for expansion. Thus, the review into quality assurance is warranted for further understanding in operating sufficiency within the targeted marketplace. Keep in mind, the company's goals aim in having consistency in product delivery and product quality. Thus, the operational initiative is in quality assurance for sustainability in future planning activities that hones on the following when considering selecting a third party vendor:
a) Internal performance analysis ( try and identity the cost indicator for such internal performance analysis that most often utilizes a database system that might requires IT to create or leasing software and equipment to track quality performance ranging from $1,000 or more).
b) Assurance reviews (try and consider how the procedural method in conducting employee tasks as sufficient to the betterment of the overall operations, such as, the cost of staffing or contractual work to producing the product Citofem, a medical product for consumers consumption in improving health, that will thereby result in QC from a third vendor entity range up in salary consensus $20k or more (Citofem, 2014).
c) Customer surveys or Focus Groups ( try and identity the significance in using the methods of surveys and focus groups that benefits the underlying consensus for assuring the product meets the specifications handled by the third party to acquire the necessary means for success, such as, the cost ranging from $5k and up procedural quarter in assurance review.
Keep in mind, the ...
The review into creating quality assurance and quality control for outsourcing in meeting the business objectives in managing costs and benefits.