Tax-P Paper 8 (Coursework Sample)

Tax-P Paper 8 Student’s Name Course Information Professor’s Name Date Tax-P Paper 8 1. What could be the three most critical criteria to mitigate risks in outsourcing essential components for an implantable device? Most electronic manufacturers have embraced outsourcing, and most would not succeed in the marketplace without this option. The OEMs (original equipment manufacturers) do offload manufacturing and tasks, including logistics, order fulfillment, design and testing, and materials management. The components of an implantable device can also be outsourced to a different company to produce them. An implantable medical device is placed outside the body during a medical procedure, including surgery, and intended to remain there following the process. There are risks involved with outshouting those devices; however, there are some criteria to mitigate them (Tsang et al., 2018). The first is to select the correct contract manufacturer who understands what they should do. The company should know the primary inputs, including the geographic location, quality control, technical capacity, and financial status mostly overlooked. Those main elements may be discussed later in the evaluations as scheduled, or costs override the other concerns. The second criterion has strong NPI project management. The central element that must be addressed by both the original company and the contract management is the NPI (new product introduction). The NPI is a complex project which includes several activities linked with various subassemblies and components under the BOM of the project. The latest products have several new parts with hundreds of sub-projects to qualify, source, and design. The absence of visibility ...