what is outsourcing?

Question

What is the future of outsourcing?

Answer 1

The concept of taking internal company functions and paying an outside firm to handle them. Outsourcing is done to save money, improve quality, or free company resources for other activities. Outsourcing was first done in the data-processing industry and has spread to areas, including telemessaging and call centers. Outsourcing is the wave of the future.

Answer 2

Usually, outsourcing is finding someone in a third world who can do your job. But it could refer to any function that is hired out to outside contractors for either cost savings, product improvement, or revenue enhancement issues. The future will hold more and more as long as corporate America feels that someone else can do a decent job and get paid less. The other issue is what defines a decent job. I'm sure that most of us are experienced in receiving technical support from someone who lives in India or wherever that has very limited English skills as well as limited technical expertise dealing with the problem at hand. We all need to raise some ruckus when a "decent job" isn't what we're receiving. At some point the outsourced cost will equal domestic help and the market will instantly dry up.

Answer 3

Outsourcing is a procedure in which one company provides services for another company that could also be or usually have been provided in-house. Outsourcing is an effective cost-saving strategy when used properly.

Answer 4

China, now India. Next few years it will be in Africa as the Chinese and Indian salaries start to approach equilibrium.

Essentially, outsourcing is sending basic jobs to another country where labor is considered much cheaper.

Answer 5

it usually means hiring a private contractor to do the work that in-house people used to do