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Discussion in 'Researching & Planning your new business' started by Twinflower, May 29, 2018.
Can anyone share with an experience please? I need to make a decision about it for my own company.
Outsourcing is really a wide term but in case of business it mostly means the sharing of certain tasks/aspects of your company with external vendors which can't be made effectively internally. It's a very widespread practice in case of many companies and can be used in many cases, including trading tasks, software development idapgroup.com/blog/pros-cons-outsourcing-software-development , even call centres etc.
Outsourcing is so popular because in its case certain tasks are made much better than internally, it's because that external vendors are more
qualified in certain aspects comparing with your own company. Because of that the work can be made faster and your general costs become lower too https://www.thebalancesmb.com/top-6-outsourcing-disadvantages-2533780 . With the help of outsourcing you can concentrate on your core procesess more and make lower general risks for business too.
On the other hand there can be hidden costs too (and it can be even more expensive as a result), lack of customers' focus and risk for exposing your confidential companie's information