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Resisting the Temptation of Outsourcing Your Core Competency

 

Many organizations consider Outsourcing as a tactic that can reduce operating costs and increase overall operational efficiencies. When you increase your operational efficiencies, you can use the savings and invest them into other efficiencies, customer service, or product innovations. Outsourcing involves procuring products and services from organizations outside of your own company and quite often from third party organizations in other countries.  In many large organizations, outsourcing can include core business processes such as payroll, information technology, financial services, copying, trash removal, cleaning services, marketing, advertising, training, and even complete sales teams.  The total amount of global outsourcing in 2017 was 88.9 billion of which $64.3 billion was from IT outsourcing and $24.6 billion was from standard business process outsourcing.



This post first appeared on Advantexe Advisor, please read the originial post: here

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Resisting the Temptation of Outsourcing Your Core Competency

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