Outsourcing

o    Cost saving
o    Focusing on core business
o    Restructuring costs
o    Improving quality
o    Accessing talent
o    Enhancing capacity for innovation
o    Venture capitalism
o    Risk management
o    Tax benefits
o    Operational expertise

Advantages of Outsourcing

Some of the man advantages of outsourcing are that it is a reasonable way of cutting costs if the company providing the outsourcing service is reliable then companies can also save costs on clients. Outsourcing is also a means of providing jobs and ability to make good money along with the flexibility to work as a freelancer.

Disadvantages of Outsourcing

Some of the disadvantages of outsourcing are that it often eliminates direct communication between a company and its clients which leads to poor relationships between companies and customers. Also there companies cannot control some aspects of its outsourced projects and this leads to delay in deadlines and project implementation. In some cases companies become dependent on upon it’s outsource providers, which leads to certain problems such as provider backing out of the contract or delayed feedback etc.

In the end I would just like to say that “Everyone’s experience is different on outsourcing, but there is always a negative & positive experience. Outsourcing should not be used if the sole reason is to save money, but because it makes sense in the long term process of becoming successful in ones project or daily task. Thus before outsourcing one should consider analyzing company needs and requirements to that prove that outsourcing will lead to be a benefit. So it is not just the cost one should consider, but who they outsource the work to. Remember this is just one scenario and it is important to consider ones own variables prior to choosing to outsource or not.”

Written By

Hannah Paul.