Outsourcing: Overview and Trends

Outsourcing is a valuable strategy for firms to gain more benefits from the global supply chain. Outsourcing can be defined as a business agreement in which a firm is contracting out certain existing parts of the firm to either domestic and/or international third parties. In this chapter, we give an...

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Bibliographic Details
Main Authors: Pang, Yingying, Zhang, Shishu, Jiang, Albert Xin
Format: Book Chapter
Language:English
Published: IntechOpen 2021
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Online Access:https://www.intechopen.com/chapters/76940
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Summary:Outsourcing is a valuable strategy for firms to gain more benefits from the global supply chain. Outsourcing can be defined as a business agreement in which a firm is contracting out certain existing parts of the firm to either domestic and/or international third parties. In this chapter, we give an overview to the benefits and disadvantages of outsourcing. We also discuss recent trends in outsourcing; in particular, with the benefit of technology development, robots are starting to join in outsourcing.
ISBN:978-1-83968-469-2
DOI:10.5772/intechopen.98333