Outsourcing: Overview and Trends

Shishu Zhang · Albert Xin Jiang

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Outsourcing and Supply Chain Management Quality and Supply Management Sustainable Supply Chain Management

Abstract

Outsourcing is a valuable strategy for firms to gain more benefits from the global supply chain. Outsourcing can be defined as a business agreement in which a firm is contracting out certain existing parts of the firm to either domestic and/or international third parties. In this chapter, we give an overview to the benefits and disadvantages of outsourcing. We also discuss recent trends in outsourcing; in particular, with the benefit of technology development, robots are starting to join in outsourcing.

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1979Transaction-Cost Economics: The Governance of Contractual Relations 1985The economic institutions of capitalism firms, markets, relational contracting 2015The second machine age: work, progress, and prosperity in a time of brilliant technologies 2012Risk evaluation approaches in failure mode and effects analysis: A literature review 1985Asset specificity and economic organization 2010A Review of the it Outsourcing Empirical Literature and Future Research Directions 2005Just Right Outsourcing: Understanding and Managing Risk 2005Outsourcing: assessing the risks and benefits for organisations, sectors and nations

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