The Evolution of Outsourcing

Outsourcing is an agreement in which one company contracts a Service bureau to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.

The Evolution of Outsourcing

• Professional outsourcing.
• IT outsourcing.
• Manufacturing outsourcing.
• Project outsourcing.
• Process outsourcing.
• Operational outsourcing.

Some common outsourcing activities include: human resource management, facilities management, supply chain management, accounting, customer support and service, marketing, computer aided design, research, design, content writing, engineering, diagnostic services, and legal documentation.

The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual. Outsourcing has become a major trend in human resources over the past decade.

Simply put, outsourcing is the process of using third-party service providers to handle certain business functions. At one time, outsourcing services were limited to large, multinational corporations. ... In many cases, the benefits of outsourcing services are not an optimization strategy – they're a necessity.

Important resources on outsourcing:

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