Outsourcing describes the transfer of services, which until then were produced in the company with its own means of production, to third-party suppliers or service providers.
Brief description
The „make-or-buy” decision is a permanently posed control question in businesses. Cost efficiency and specialization force companies to concentrate on their core competencies and prevent them from outsourcing typical business activities and parts to external providers. External providers and service providers generally achieve cost and competitive advantages primarily in their own areas of specialization.
