Outsourcing Term Paper example
College
Term Paper
Design & Technology
Pages 8 (2008 words)
Download 0
Outsourcing [Name] [Course Title] [University] [Instructor Name] [Date] Outsourcing is the transacting out of a business function to be performed by another company or individual. The practice of outsourcing an organization’s internal functions to a third party has been common in the modern economy since the early 21st century…

Introduction

For instance, a company may outsource non-strategic functions to companies that specialize in such fields of work. Additionally, outsourcing also includes the transferring of assets and employees to another firm. The term outsourcing extends over both domestic and foreign outsourcing, and it sometimes also involves the relocation of a firm elsewhere; this is known as off-shoring. The company that provides outsourcing services is commonly called as service provider Organizations enter into a business agreement with third-party service providers that involves an interchange of payments and services. Outsourcing helps firms perform efficiently in their core functions and minimize costs incurred and shortage of skill in disciplines where they deem outsourcing appropriate. Since the early 21st century, businesses have exceedingly outsourced to firms in foreign countries; this is commonly known as off-shore outsourcing. In consequence of the widespread practice of outsourcing, several appellations have been designated to refer to various parts of the relationship between the discipline of outsourcing and firms, such as strategic outsourcing, multi-sourcing and near-shoring. Outsourcing offers more room or elasticity in controlling unnecessary expenses and spending where it is indispensable. ...
Download paper
Not exactly what you need?

Related papers

Outsourcing Supply Chain Support and its Effectiveness and Implication in R&D Environment in Singapore
The interviews of the employees of i3lab revealed that there were concerns about security and integrity of the information that is being shared with the outsourcing partners, and this leads to an inherent reluctance in sharing sensitive information. The research also included interviews of employees from three outsourcing partners of i3lab and it was found that lack of communications, lack of…
Liquid Gated Biosensor
6 18 Conductometric biosensor 19 Surface acoustic wave-based sensors 20 Bibliography 20 Farhan A.(2008 ).Nanobiosensors .American Society of Civil Engineers.Methods Mol Biol. Pp.115-26. 24 Further reading 24 Palchetti I, Laschi S, Mascini M. (2010). Electrochemical biosensor technology: application to pesticide detection. Universita degli Studi di Firenze. Italy. 25 Background/introduction…
Outsourcing
Companies today are neither restricted to the exploitations of only local resources, they can source for resources across borders nor are the resources sourced abroad as expensive as they used to be. This ability has been the keystone for outsourcing. The question here is how did the world get to be this way? Friedman (2) advances that the world became flat in three major phases: Globalization…
Design Superdry store in UK, particularly the one located in 7 dials, and offer several new re-branding ideas.
Conceptual framework The operations of super dry store is important to different individuals who are interested in the products produced by this store and also those businesses that are interested in acquiring economic stability in the market. This understanding can be done through carrying out interviews, use of questionnaires, reading different journals on the development of these stores.…
Data Governance, Quality, Integration, and Security
Although these aspects are closely interrelated within a system, addressing and improving them independently results in better performance of the system as a whole (Arens, Chee, Hsu & Knoblock, 1993). Data Governance Data governance encompasses a set of procedures ensuring that important assets in data form are properly managed in all divisions of an enterprise (Abiteboul, Benjelloun & Milo,…
Peachtree Heathcare Paper
Minimal time to implement the system is caused by increased instability of the system, which might affect quality of patient care (Glaser, 2001). The Peachtree HealthCare has two viable options to this challenge. This is either implementing the Service-Oriented Architecture (SOA) system or a Monolithic based system. The SOA system is flexible and its implementation takes place in stages in order…
compare and contrast an in-house Network design vs third party detwork design
The discussion below analyses the strengths and weaknesses of each method before concluding with an effective and more cost effective method for the company (Doyle, 2001). In house information technology departments in a company are often convenient. Depending on the amount of capital, the management allocates the department, the company rests assured of effective and spontaneous consultation…