Outsourcing is a strategic approach that allows businesses to subcontract various parts of their value chain—such as design, supply, production, marketing, sales, and service processes—to specialized companies or contractors. By forming outsourcing agreements, businesses can delegate specific tasks within their value chain to expert partners who perform these functions, often under the client’s brand.
The scope of outsourcing spans numerous industry sectors, with common activities including human resource management, facilities management, supply chain management, accounting, customer support, marketing, computer-aided design, research, content creation, engineering, diagnostic services, and legal documentation. Outsourcing not only streamlines operations but also enables companies to focus on their core competencies, driving efficiency, innovation, and growth.