Outsourcing

             Pick up just about any business magazine or newspaper and you are sure to see an article on the topic of outsourcing. There are many arguing that outsourcing jobs to other countries is taking jobs away from people of this country. This is a major concern to most; however, this is not the topic most under debate in most organizations today. In just about every major company, upper level management is meeting on how to increase the value of there company. Outsourcing is the topic under debate. Top executives are researching this topic and whether they should make (in-house) or buy (outsource). I will be examining this debate by looking at the different types of outsourcing. Also , I will be examining the problems so many companies have with this decision and look at a strategic sourcing model that can aide them in making this decision. By the end of this paper you will have a good understanding of the make vs. buy decision but I will not be able to give you an answer as too which is the best decision. It will be up to you to implement the tools and knowledge that I have made available to you which will help you incorporate the best sourcing decision for your company.
             Outsourcing can be defined as, "the strategic use of outside resources to perform activities that are usually handled by internal staff and resources" (elmuti, 2003). Although most people when they think of outsourcing they think of IT you can see that by this definition any function that is commonly handled in-house can be outsourced. In fact, the most common position that is outsourced by companies is actually financial positions. This would include anything from accounting, bookkeeping, or even inventory. At my current place of employment, Lowes, we outsource our whole process of inventory. Let me give you an example to help you understand why management might outsource. Twice a year a company comes in and counts everything in our entire store...

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Outsourcing. (1969, December 31). In MegaEssays.com. Retrieved 02:19, March 29, 2024, from https://www.megaessays.com/viewpaper/352.html