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Advantages And Disadvantages of Outsourcing

Some of the Advantages and Disadvantages of Outsourcing are given here. So let us find out some of the advantages and disadvantages one by one.

Some  Advantages of Outsourcing are:

  1. Operational cost or the production cost of any product is reduced by outsourcing.
  2. The recruitment cost is reduced by outsourcing.
  3. The task can be completed faster by recruiting experienced person by outsourcing.
  4. Efficacy, productivity and quality of product is increased by outsourcing.
  5. Bulk production can be achieved by outsourcing. 
  6. Customer satisfaction is achieved by outsourcing.

Some Disadvantages of Outsourcing are:

  1. Sometimes customer care service is outsourced to a country that speaks different language. Dissatifaction for customers is observed.
  2. Sometimes employee of an outsourced country may not have complete knowledge about organization and may not work as effectively as needed.
  3. Lack of customer focus is observed.
  4. If outsourcing parter is not proper then there are chances of loss in a business.
  5. Sometimes hidden costs and legal problems may arise if the terms and conditions of business is now well clearly defined.
  6. Quality of product is affected if the person is inexperienced.

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Advantages And Disadvantages of Supply Chain Management

Some of the Advantages And Disadvantages of Supply Chain Management are listed below. So let us check it out some information on advantages and disadvantages to know more about supply chain management. It is the management of flow of services as well as goods and includes all intermediate processes that transform raw materials to final products.Supply chain mangement  consist of broad range of activities which is required to control, plan and execute a product's flow.

Advantages and Disadvantages of International Trade

Check out Advantages and Disadvantages of International Trade discussed below. So let us find out some information on advantages and disadvantages to know more about International Trade. It is a trade between nations in the form of imports as well as exports. International trade can be considered one of the important souce of revenue in the developing countries. Trade between countries is the exchage of both services and goods among the countries of the world economy.

Supply Chain Management Definition, Advantages and Disadvantages

Definition of Supply Chain Management

Supply Chain management can be considered as an effective tool for improving business process. It starts with the source of supply and competes at the point of consumption. Supply chain management is a flow of information and materials from suppliers which involves number of value added process and different distribution channels to the customers. 

Supply chain management involves :