What are the pros & cons of outsourcing to third party vendors?

What are the pros & cons of outsourcing to third party vendors? Advantages Focus on core business issues. Benefit from best-of-breed solutions. Better quality at lower costs. Better process maturity, resource flexibility and economies of scale. Flexibility in deploying new technology. Quick wins with outsourcing. Disadvantages Burden of excess capacity or challenge of insufficient capacity […]

Pros & cons of outsourcing

What are the pros & cons of outsourcing? Third Party Service Providers (TPSPs) Usually TPSP already has expertise and experience with other clients in similar business lines. Very competitive pricing / flexibility to assess various TPSPs No infrastructural / capital investment. Payback period very less (usually between 6 months to a year). Flexibility to source […]

Pros And Cons of Crowdsourcing

January 14, 2012: Crowdsourcing is a concept developed by Jeff Howe, it is a method of obtaining required ideas or services from a group of people. You depend on an online community for the work to be done by an open call. For example we can take that, you make an open call for a […]