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What is the outsoursing and offshoring???
Tell me in detail what is outsourcing and off shoring??? and what is the difference between them???
Posted 1 year ago in
Business Operations
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Piyush Maheshwari
student
Answers (5)
OUTSOURCING MEANS COMPANY GET THEIR WORK FROM OTHER ORGANIZATION
OFFSHORING
MEANS COMPANY OPEN ITS OWN SUBSIDIARY AND RUN THE ALL OPERATION.
Posted 1 year ago
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MOHMAD JUNAID ANSARI
FINANCIAL ANALYST
hi
Outsourcing mean-"A company or person that provides information; to find a
supplier or service, to identify a source"
Offshoring mean-Movement to a
location in another country of some part of a firm's activity, usually a part
of its production process or, frequently, various back office
functions.
thanks
Posted 1 year ago
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Piyush Pandit
Financial Market
Outsourcing and offshoring are used interchangeably in public discourse
despite important technical differences. Outsourcing involves contracting with
a supplier, which may or may not involve some degree of offshoring. Offshoring
is the transfer of an organizational function to another country, regardless
of whether the work is outsourced or stays within the same
corporation/company.
Posted 1 year ago
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Hussain Koya
Process Analysist
Outsourcing is subcontracting a process, such as product design or
manufacturing, to a third-party company.
Offshoring describes the
relocation by a company of a business process from one country to another --
typically an operational process, such as manufacturing, or supporting
processes, such as accounting. Even state governments employ off shoring.
Posted 1 year ago
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Mallika Singh
Project Manager
I believe outsourcing is giving your non core work to a BPO in a national
level whereas offshoring is to give the same to foreign nations.
Posted 1 year ago
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surya chandran
teacher
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