What is Outsourcing?
Filed in archive Basics by on March 10, 2004
- involving hard labor production process
- posing environmental damage
- requiring extensive warehouse
- having raw material geography deliverance issues
In a nutshell, "outsourcing" is the usage of outside resources to create tangible or intangible products or to assist the existing business divisions for efficiency purposes. Most companies that use outsourcing suppliers chose to do so in order to cut costs.
In the latest trends, U.S. companies send off their jobs to overseas suppliers (offshore). Among the favorite outsourcing destinations are:
- China
- Mexico
- India
- Australia
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