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Madison​ ​Theodore
Outsourcing​ ​Paper
MGT​ ​580.01
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Outsourcing​ ​Paper
Introduction
Outsourcing​ ​is​ ​when​ ​an​ ​organization​ ​decides​ ​to​ ​hire​ ​an​ ​outside​ ​supplier​ ​or​ ​vendor​ ​to
fulfill​ ​the​ ​needs​ ​of​ ​the​ ​organization.​ ​Outsourcing​ ​has​ ​changed​ ​the​ ​world​ ​of​ ​business​ ​greatly.​ ​It​ ​is
known​ ​for​ ​being​ ​used​ ​to​ ​reduce​ ​costs.​ ​Organizations​ ​are​ ​turning​ ​to​ ​outsourcing​ ​to​ ​add​ ​value​ ​to
their​ ​businesses​ ​and​ ​additionally​ ​to​ ​lower​ ​costs.​ ​Choosing​ ​to​ ​outsource​ ​happens​ ​for​ ​many
internal​ ​and​ ​external​ ​reasons.​ ​Some​ ​main​ ​reasons​ ​to​ ​outsource​ ​include​ ​to​ ​increase​ ​production,​ ​to
have​ ​access​ ​to​ ​technological​ ​advances​ ​and​ ​manufacturing​ ​processes,​ ​to​ ​improve​ ​quality​ ​and​ ​to
apply​ ​change​ ​quickly.​ ​Outsourcing​ ​gives​ ​organizations​ ​a​ ​competitive​ ​advantage​ ​among