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Difference Between Outsourcing & Offshoring

These days, to expand business cost-effectively, many firms choose either to offshore or outsource their business requirements. If you are a business person, you must want to know outsourcing and offshoring difference as it will help you make better decisions. See this pdf to understand it better.<br><br>For more: https://invedus.com/difference-between-outsourcing-and-offshoring/<br>

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Difference Between Outsourcing & Offshoring

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  1. What Is the Difference Between Outsourcing and Offshoring? www.invedus.com

  2. Although outsourcing and offshoring may look similar to you and, while they have some matching properties, there are also some differences between them. Let’s check out those differences one by one! www.invedus.com

  3. Outsourcing, also known as subcontracting, is the process of delegating non-core activities of a business to an external business. On the other hand, offshoring is shifting of business processes or activities from the home country to another country. www.invedus.com

  4. Outsourcing is done with the motive of freeing up internal resources i.e. money, time and manpower so that these could be better invested in the core activities of the business. While offshoring is done with the motive to enjoy cheap resources of an overseas country so that the organization's operating costs are reduced. Usually, companies prefer to move their business from a developed country to a developing country to leverage cheap resources available there. www.invedus.com

  5. Outsourcing can be done from the same country as well as from across the border. This means it is possible to outsource your company’s work without having to offshore it. On the other hand, offshoring can be done only in the outside country. www.invedus.com

  6. Contrary to outsourcing, offshoring does not necessarily mean that the job will be performed by a third party. The company may decide to open its new branch or factory in another country. www.invedus.com

  7. Outsourcing tasks are done by non- employees (virtual employees assigned to you by an outsourcing company). On the other hand, offshoring tasks are done by the employees of the company. www.invedus.com

  8. THANK YOU www.invedus.com

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