Outsourcing Essay

5045 Words Aug 3rd, 2014 21 Pages
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A Literature Review
The study investigates the evolution, pros and cons of outsourcing as business function. Many researchers have identified various reasons to outsource an activity following a set process. The review proposed a well defined integrated outsourcing process model for effective outsourcing. Using an example of a global company this study detailed the benefits of externalization process and concluded that outsourcing is successful if activity selected is correct.

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Global Procurement (BMO 5307) Assignment 1

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A Literature Review

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Contents
Introduction
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13 Appendix B ............................................................................................................................ 14 Appendix C ............................................................................................................................ 15 Appendix D ............................................................................................................................ 17 References............................................................................................................................. 18

Victoria University | Saurabh Babbar

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Introduction
Ever since the industrial revolution and the evolution of capitalism, businesses have sought new ways to exploit their competitive advantages to increase their markets and growth. The world has become flat after we started using internet and cell-phones for outsourcing work to each other (Burkholder 2005). The global pharmaceutical outsourcing market augmented from $ 11.4 billion in 2001 to $ 24.9 billion in 2007 (Boulaksil 2009). The US Outsourcing market was valued between $ 200-300 billion in 2006 (Barrar & Gervais 2006). In almost few decades several providers of outsourcing services for categories like maintenance and facilities emerged. In an era of “global market” and “e-economy” using offshore based legal

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