PEO creates contractual joint-employment relationships with businesses. Manages employee-related responsibilities and HR functions. Outsources employee administration tasks like payroll and benefits
NRE costs are one-time expenses during product design and development. These costs are not directly related to production. Some NRE costs can be recovered through mass production profits
Leading cost reduction firm serving 8000+ clients with $4 billion+ savings. Manages $5.5 billion in spend across 70,000 locations across 15+ categories. Provides pricing benchmarks and contract compliance services
SCM manages goods, information, and finances from suppliers to consumers. Integrates different functions across supply chain organizations. Ensures products are produced and delivered efficiently
Outsourcing involves delegating non-core business processes to third parties. Companies can outsource to home (onshore), foreign countries (offshoring), or freelancers. Non-core tasks include administrative work, software development, marketing, and HR
Car platform is shared design and production efforts across distinct models. Reduces development costs by basing products on fewer platforms. Platform includes underbody, suspension, axles, and powertrain components