Outsourcing done right

Analysis may keep some manufacturing in-house, spin off other processes
By Ronan McIvor

The trend toward outsourcing both locally and offshore has increased dramatically throughout the world’s developed economies. The drive for greater efficiencies and cost reductions has forced many organizations to specialize increasingly in a limited number of key areas. Leading firms have been adopting more sophisticated outsourcing strategies and have been outsourcing core processes such as design, engineering, manufacturing and marketing. These organizations have benefited greatly from accessing the specialist capabilities of suppliers in a range of business processes.