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Offshore Outsourcing Essay

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Below is an essay on "Offshore Outsourcing" from Anti Essays, your source for research papers, essays, and term paper examples.

LTD Technology Offshore Outsourcing Plan


LTD Technology Offshore Outsourcing Plan
Outsourcing has the potential to sharpen a company's competitive edge by increasing productivity and lowering costs. There are many hurdles to clear such as the cultural barrier to outsourcing business functions, changes in business processes, the reduction of in-house expertise around business processes, concerns about quality of service, and risks of losing customer or other proprietary information. Outsourcing analysis is an objective, vendor neutral, proven plan of action and usually custom tailored to individual business needs. Aspects of this include determining a specific strategy for outsourcing, documenting current processes, metrics, costs, projections, and goals for the function, identifying what, if any, processes not to outsource, conducting thorough market research and analysis of potential outsourcing partners, defining measurable service level agreement standards for use with an outsourcing partner, providing a scorecard for rating outsourcing vendors, and analyzing the risk factors, costs, and benefits.
Benefits of Outsourcing
There are many benefits to outsourcing. Some of benefits include: cost savings, access to skilled staff without needing to hire them directly, around the clock customer support, time savings, distribution of risk, improved customer service, and better people management. Through outsourcing Riordan will be able to save money and improve company operations.
The primary reason companies choose to outsource is to save money. A programmer earning $100,000 per year in California would make only $30,000 in India (Gonzales et al., 2006).   Lower labor cost is not the only advantage of outsourcing. Outsourcing reduces operating expense, reduces overhead, and converts fixed cost to a variable cost (Erber & Sayed-Ahmed, 2005). For example Riordan would not need to pay payroll for the outsourced employees which would lower government...

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Offshore Outsourcing. Anti Essays. Retrieved December 16, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/Offshore-Outsourcing-599849.html