Outsourcing

Introduction

Outsourcing implies to the transfer of non-core services to third parties who specialize in providing such services. It can cover a wide range of components depending upon the core competency as well as the requirements of the outsourcer.

Outsourcing is an effective cost-saving strategy when used properly. It is sometimes more affordable to purchase a good from companies with comparative advantages than it is to produce the good internally. Manufacturer outsourcing services usually are quite industry-specific. An example of a manufacturing company outsourcing would be Dell buying some of its computer components from another manufacturer in order to save on production costs. Alternatively, businesses may decide to outsource book-keeping duties to independent accounting firms, as it may be cheaper than retaining an in-house accountant.

Reasons for Outsourcing in a Manufacturing Industry

Types of Outsourcing in Post Manufacturing Services

  • Transcription Services
  • Web Analytics Services
  • Virtual Assistant Services
  • Engineering Services
  • Legal Services
  • Creative Services
  • Call Center Services
  • Financial Services
  • Data Entry Services
  • Research & Analysis