Strategic outsourcing can help companies adapt flexibly to business change, improve quality and productivity, respond quickly to competition, and penetrate new markets.
It is not necessary to choose outsourcing over insourcing or vice versa. Your organization can outsource and insource at the same time. By outsourcing and insourcing simultaneously, you can have the best of what both offers and your business can get a competitive advantage!
Though offshore outsourcing is generally spurred by the cost reduction factor, this is just one of the reasons one should consider offshore outsourcing. Most parties who outsource are unaware that Indian Service Providers do not just offer cost effective solutions, but also value addition by improving productivity and quality.
Global outsourcing is enabling business without barriers in a borderless world. Outsourcing is no longer just a short term quick-fix to achieve cost reduction. Global outsourcing uses a blend of onsite, offshore and nearshore outsourcing solutions to achieve strategic business objectives for the outsourcing company.
Nearshoring is one of the forms of outsourcing, where an organization outsourcers its business processes to an outsourcing partner who provides cheaper services. The main differentiator between offshore outsourcing and nearshore outsourcing is that the outsourcing partner in nearshore outsourcing is located geographically closer than the outsourcing partner in offshore outsourcing.
Strategic Outsourcing is a book, which will definitely serve as a reference to anyone needing a structured general approach to outsourcing
This article summarizes Ernest Gundling's "Working Globesmart", a must read for anyone venturing into global business.
Will outsourcing work for you? Know in 24 hours!