Types Of Outsourcing

Professional Outsourcing
Professional outsourcing includes any type of specialized, professional services. This includes legal, accounting, purchasing, and administrative jobs.

For instance, you’ve hired an accounting firm to handle all your finances as opposed to hiring an in-house accountant. That’s outsourcing.

IT Outsourcing
It pertains to contracting technology-related services as well as resources for a part or the entirety of an information technology (IT) business function.

Example of IT outsourcing is contracting an IT management team for a business, eradicating the need to build a costly in-house IT team.

Manufacturing Outsourcing

Outsourcing manufacturing involves hiring a manufacturing company to produce your goods at a cheaper price - as you don’t need to worry about infrastructure and equipment, as well as the labor costs.

Project Outsourcing

There are times that companies need help with some specific projects, but don’t need full-time help. For instance, there are companies that need to get help managing a paid search campaign, write an ebook or redesign their website. This is where it may come in handy to outsource a project.

Business Process Outsourcing

Business Process Outsourcing or BPO is the most common type of outsourcing. Business Process Outsourcing deals with contracting any business process to a third-party service provider. BPO is especially common in the manufacturing industry.

Offshore Outsourcing
Offshoring or offshore outsourcing means contracting a part of your business process in another country, a company strategy to lower labor expenses.