WEEK 5: INCREMENTAL ANALYSIS One of the decisions that management typically has to face is whether...

WEEK 5: INCREMENTAL ANALYSIS

One of the decisions that management typically has to face is whether to outsource or not. What is outsourcing, and what factors go into the decision to outsource or not to outsource?

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Outsourcing

Many of the time we are short of time and we have a lot of things that we have on our hand and needs completion soon.

In such cases, we need the help of someone that can take the responsibilities and can deliver the work with quality.

This is called outsourcing of work, in outsourcing, some or a potential part of the work is given to some other firm who do and deliver the work.

The firm or the person to which the work is outsourced may not be from the same country or same region. They can be separated by geographical limits.

The main source of doing outsourcing in today word is via work, freelancer and many other websites.

what factors go into the decision to outsource or not to outsource?

Cost factor
Reliability
Confidentiality
Quality
Deadlines and commitment
Risk factor
Time gap
Government laws
Labor quality
Level of supervision required.
Trustworthiness
Mode of communication or Gap in communication

ekkarill92 answered 1 year ago

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