Outsourcing: It's Not Just About Cost Cutting
- Topics:
- Evaluation
- Tags:
- Business Operations,
- Harvard Knowledgebase,
- It Operations,
- Outsourcing,
- Outsourcing & Subcontracting
- Source:
- Harvard Knowledgebase
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Overview: To get the real strategic value out of third-party relationships, the first thing to do is throw out what one thinks he knows about outsourcing. Outsourcing used to be viewed as little more than a ho-hum tactic for reducing the costs of back-room functions such as payroll and IT. It didn't have much pizzazz and was never confused with a breakthrough management idea, but things started to change in the early '90s, as companies began outsourcing more strategically significant functions such as manufacturing and logistics, and even product design and other innovation-related activities. All of a sudden, outsourcing had morphed into a critical management tool.
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Format: HTML | Date: Jul 2002 | Pages: 1
