Outsourcing Guide

Outsourcing Graph Section


 


Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Outsourcing
Email:
First Name:



Main Outsourcing Graph sponsors


 

Latest Outsourcing Graph Link Added

INSERT YOUR OWN BANNER HERE

Submit your link on Outsourcing Graph!



Welcome to Outsourcing Guide

 

Outsourcing Graph Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

Tracing Back The Origin Of Outsourcing

from:

When societies first formed, the people in those communities began to deal in services, goods and other items they could trade amongst themselves. Outsourcing started first with the production of tools, food and household appliances, and a worker outsourced an activity to another worker.

In the industrial age there was not too much outsourcing going on. In fact in the 1800’s and 1900’s the organizations were integrated vertically and each organization took care of its own manufacturing, mining and production from start to finish. The retail stores who sold the goods were also owned by the main company, so nothing was being outsourced.

Most companies of the time not only handled their own taxes, but they were self-insured, had their own lawyers and even built their own buildings, offices and factories without any outside help or assistance.

During the industrial revolution there was a lot of growth in the area of outsourcing especially in such service areas as insurance, engineering, and architecture. At the time, even though they had started to outsource, almost everyone lived in the same country, city and town. When the service industry came into being, they started to do outsourcing and gave their jobs to outside contractors.

The history of outsourcing shows that outsourcing started with manufacturing of items such as apparel, toys and shoes. Later on high-tech items such as consumer goods and electronics were starting to be outsourced and in fact pricing through outsourcing was extremely competitive. In search of lower costs, many manufacturers started to look for offshore assistance, and began to employ offshore companies to do the work for them. As transportation means increased so did offshore manufacturing jobs, since the goods that had been manufactured offshore could now travel back at a faster pace and be sold in the retail and department stores.

As the lower income countries improved in their skills, and the people became more educated, outsourcing too became more important and more cost effective. In the 1970’s in the United States computer companies outsourced their contracts and this has continued ever since. Billing, processing and payrolls have also been outsourced where necessary. Insurance companies covering the cost of medications and medical clinics who administer your records use claim processing centers that are offshore in such places as India, the Philippines or Russia.

Eventually many companies in the United States and Europe realized that outsourcing was a good method of keeping costs low and now even data-transcription, information technology and call centers are being outsourced.



Other Outsourcing Graph related Articles

Why Choose Outsourcing
Trends In Outsourcing
Outsourcing Your Advertising Needs
Outsourcing In The Healthcare Industry
Advantages Of Doing Business With BPOs

Do you want to contribute to our site : submit your articles HERE


Outsourcing Graph Specific links

Outsourcing Graph News

Tech: Yahoo Unveils New Search Brows… - Adweek


Adweek

Tech: Yahoo Unveils New Search Brows…
Adweek
Despite outsourcing its search results to Bing, Yahoo maintains that it is still very much in the search game technology-wise. To prove as much, over the last six months the company's search and innovation team has been working on a new search browser ...

and more »

Read more...


Graph of Doom: a bleak future for social care services - The Guardian


The Guardian

Graph of Doom: a bleak future for social care services
The Guardian
No libraries, no parks, no leisure centres – not even bin collections. Barnet, once dubbed "easyCouncil", is known for its enthusiastic embrace of service outsourcing. But the Graph of Doom is quite separate. Irrespective of savings planned under the ...

Read more...


'Simplify trial data analysis and look at the bigger picture', says Quanticate - OutSourcing-Pharma.com


OutSourcing-Pharma.com

'Simplify trial data analysis and look at the bigger picture', says Quanticate
OutSourcing-Pharma.com
It works by creating ad-hoc graph forms of choice by simply dragging and dropping information. The firm said the time researchers spend trying to understand overly complex trial data is a wasted resource and that, by making the process easier, ...

Read more...


Global Managed Security Services Industry - Sacramento Bee


Global Managed Security Services Industry
Sacramento Bee
COMPETITIVE SCENARIO II-11Table 1: Market Share of Leading Players in the Global MSSMarket by Revenue (2010) (includes corresponding Graph/Chart) II-11Pure Play/Specialized MSSPs II-11IT Outsourcing Providers II-11Telecommunication companies (telcos) ...

and more »

Read more...


Five cheap, rock-solid shares - Investors Chronicle


Investors Chronicle

Five cheap, rock-solid shares
Investors Chronicle
Outsourcing giants Serco , Babcock , G4S and Mears are just such shares. Earnings multiples are - historically speaking - on the floor (see graph) while order books for the year ahead look strong. And with an ongoing crisis in the eurozone, ...

Read more...