Categories: All - costs - flexibility - outsourcing - confidentiality

by Ante Bingula 9 years ago

527

Outsourcing

Outsourcing involves delegating certain business functions to external entities, which can bring both advantages and disadvantages. It can lead to significant cost savings in areas such as taxes, recruitment, and operational expenses.

Outsourcing

Outsourcing

Disadvantages

Human recources
Distance
Poor Performance
Dependency and Loss of Control
Information Leaks
Recruitment Problems
Contract confusion
lengthy bid process
Control
Company security
Outsourced services
Loyalty
Quality
Loss
Moral In A Workforce
Regular Monitoring
Confidentiality
Competitive knowledge
Strategic alignment

Advantages

Focus
Marketing
Sales
Core competencies
Increased flexibility
Improved cash flow
New technologies and innovations
Better react on changes
Cost control
Cost savings
Taxes
Operation costs
Recruitment costs
Staff
reduced workload
minimized fluctuations
Headcount reductions

What is it

Types

Manufacturer outsourcing
Lower overhead costs
Lower labour costs
Reshoring
Nearshoring
Offshore outsourcing
Multisourcing
Client Model
Prime Contractor Model
Project outsourcing
Business process outsourcing
customer-related services
Human resources
Accounting
Finance
IT outsourcing
Network maintenance
Application software
Computer programming
Web development
IT management