If you have never heard of Outsourcing or maybe heard of it and never knew what it is and what it stands for. Well today, I am going to give you a simple definition about outsourcing. The definition of "Outsourcing" in a simple form is like a contractor contracting a sub-contractor. One company hire another company specializing in a define task that many time the hiring company can accomplish but it is more cost effective to hire another company to accomplish it. China and India are the most common countries that companies usually outsource to because of the cost effectiveness. Other related terms to "Outsourcing" is offshore manufacturing usually means offshoring or overseas. Late 80's to the 90's "Outsourcing" has became a popular term in the business and management world nationwide due to the inflation rate in the U.S. Outsourcing offshore is very attractive and it is not an avenue you want to explore without properly research the companies you are dealing with because it could be a company worst nightmare. This is why there are companies out there that specialize in this fascinating industry.
There have been research made regarding whether or not outsourcing offshore is healthy for American companies. According to John McCarthy, Forrester Research�s Group Director of Research, �This is going to be one of the biggest macroeconomic shifts in the overall U.S. economy in the next 10 years.�
offshore can be profitable, but it is not an avenue a company should explore without a thorough research of the offshore company been dealt with. There are offshore manufacturing companies that specializes in the industry, but as usual I recommend an Offshore Manufacturing Company