BC Advantage - 2005 Issue 11

OUTSOURCING - GOING EAST? Part 1

TO investigate the advantages and disadvantages of outsourcing to other countries, we first have to understand what  outsourcing is. Outsourcing refers to the rearrangement of entire business functions to some other service providers, mainly in low cost locations. The service provider may be either selfowned or a third party. This relocation or contracting out of business processes to an outside provider is mainly to achieve increased shareholder value.WHAT SERVICES ARE PROVIDED BY OUTSOURCING COMPANIES?Few of the general services provided are Receivables and Payables, Cash flow Analysis, Inventory Management, Order Processing, Budget Analysis, Reconciliation, QuickBooks Accounting, Financial Statement...

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