What are the advantages and disadvantages of outsourcing?
Ana P asked:
help me with my essay question please
does anybody know what the advantages and disadvantages of outsourcing are?
help me with my essay question please
does anybody know what the advantages and disadvantages of outsourcing are?
subject: outsourcing and trade
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Hi Ana, I would suggest you google out the answer.. there are n number of articles flying around on the topic. Here you would get crisp answers from ppl not long ones. Mindfire
Advantages:
Cost Reductions from Outsourcing-reducing costs was the original purpose of outsourcing and although outsourcing has since been demonstrated to have other significant advantages, cost reduction still remains one of the prime advantages.
On Call Experts- having these experts on call also provides the potential for new opportunities for the company.
A Larger Workforce-Still another advantage to outsourcing is the benefit of enjoying a larger workforce when necessary without the hassle of maintaining a larger staff. Through outsourcing companies can bring in additional employees on a contract basis during times of prosperity without worrying about having to lay them off or keep them utilized when the surge of work begins to wane.
Disadvantages:
Moreover, in outsourcing, security and confidentiality issues are the most important. Hence, if your company is outsourcing business processes such as payroll, confidential information such as salary, all of these will be known to the outsourcing service provider. Therefore, make sure to pay special attention to the kinds of information that you grant them access to.
When you come right down to it, drawbacks are really inevitable especially to the thriving industry like Outsourcing. That is why companies should be more extra cautious with regard to their privacy, security and most importantly, financial issues while dealing with an outsourcing service provider.
Ultimately, overcoming these drawbacks will rely on identifying the right business processes for outsourcing, finding the best outsourcing provider, and setting up a good structure for your offshore operation. Dart