1.Manufacturers have to establish parameters for what is to be produced and in what quantity how does utilizing a supply contract aid both parties in terms of their roles/responsibilities involving the supply chain? (350 Words)2.Read the article, “Managing the Supply Chain: If Only I Could See (Links to an external site.)Links to an external site.” and discuss the following:The level of outsourcing found at your current employer, past employer, or company that you are familiar with. Describe the business functions within that organization where most outsourcing takes place.Of the five recommendations given by the author to increase visibility, which are currently being pursued in your company?Our text discusses several types of supply contracts. Choose one contract and explain if, and how, increased visibility would benefit the supplier, the buyer, or both parties.(350 Words)