The first time that outsourcing was used officially was in the year 1989 before that companies and organizations had never resorted to outsourcing except when they required some ancillary services. The industrial revolution of the 1990’s brought us face to face with outsourcing as a legible and potent method to conduct some tasks. As the economy progressed, the company managers looked for avenues to handle the overload, and this gave birth to massive outsourcing regarding accounting, hiring, legal matters, and insurance needs.
Outsourcing as a concept grew since then, and today it has become the primary driver of growth for some developing countries of the world. A significant chunk of the national income of these countries comes from the outsourcing business. Organizations have been set for the purpose where a vast amount of works spanning from various countries either comes to a target country or is exported to some other nation.
The process of outsourcing started from delegating HR related work and other types of tasks related to accounting and finance. However, with time the wingspan of outsourcing increased, and today it flies over the world helping organizations export a plethora of tasks to the most probable and most competent entity. Let’s discuss what the various kinds of outsourcing services are:
- Professional Outsourcing:This is the broadest outsourcing category, under professional outsourcing comes accounting, legal, IT or administrative support along with the purchasing tasks. The main reason for exporting these services is cost saving and reduction in overhead costs.
- IT sourcing:If professional outsourcing has the most comprehensive area of operation, the IT outsourcing has the largest potential for the outsourcer and the firm to whom the work is outsourced. Various tasks fall under the IT outsourcing including development, bugs check, reporting, analyzing, and digital marketing.
- Multisourcing: When you combine IT outsourcing with business outsourcing, the result is Multisourcing. This type of outsourcing is outcome focused; the operation is real-time with constant between the two parties. Multisourcing is not limited to the print version of outsourcing instead it can be expanded as per the requirements of the organization.
- Manufacturing outsourcing:The manufacturer outsourcing became popular at the dawn of 21st century when in the US economy, a slew of blue-collar jobs was outsourced to the more efficient and experts of the field to ensure quality at affordable costs.
