it Out- Many
companies know that doing everything themselves is not always the best business
decision. Sometimes finding the experts to do a specific aspect of design or
manufacturing is the more economical –and ultimately profitable –route to take.
When a company outsources, they can focus on their own core competencies, devote
more time to their customers, and move products out the door
Outsourcing Holds Promise and Challenges- It ’s no easy task. Companies
that outsource parts of design projects already get the advantage of outside
expertise and the luxury of concentrating on their own core competencies -very
compelling advantages that can make them more productive. Indeed, outsourcing is
a proven necessity for some companies in order to stay competitive. And, when
outsourced work goes to other domestic companies, the entire economy benefits,
some economists say. But the economy only benefits if manufacturers are able to
effectively manage the outsourced work.
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