Categories: All - costs - advantages - outsourcing - disadvantages

by Abhishek Kamath 11 years ago

213

Business Outsourcing

Outsourcing has evolved significantly over the decades, beginning with the manufacturing sector in the 1970s and expanding into various fields like accounting, payroll, HR, and IT by the 1980s.

Business Outsourcing

Business Outsourcing

Timeline

2008 - Outsourcing revieves 298.5 billion globally
1990's - Outsourcing widely used due to internet being used a lot
1985 - internet was first used by researchers and developers
1980's - Accounting, payroll, HR, and IT was outsourced
1970's - Most outsourced work was manufacturing
1970's - The invention of the computers lead to more opportunities in work

Trends

Storage clouds used more often
Anytime contace through social media and call centres
Communication rarely done in person

Costs

Many hidden costs
Different currencies may affect contracts
Cheaper in general

Disadvantages

materials and distribution are more expensive outside the country
Quality is lost if not careful
North Ameria looses jobs

Advantages

You can get the best people for the job from all over the world
Lot Cheaper
More Expirenced workers

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