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ZBUS8303 Strategic Procurement And Outsourcing
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ZBUS8303 Strategic Procurement And Outsourcing
0 Download3 Pages / 640 Words
Course Code: ZBUS8303
University: University Of New South Wales
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Country: Australia
Questions:
Many companies around the world, including those in the US, have outsourced goods and services to India and China. However, some of these businesses have reversed course and are now insourcing these goods and services. Do you agree that this course reversal may be justified?
Position 1: Outsourcing VSPosition 2: Insourcing
This is a juxtaposition discussion question. Choose a side. If you choose the green side, find material to support your response.but you also have to find a way to resolve the counter-side on red. If you choose the red side, find sources to help support your position.but you also have to resolve the counter-side on green.
Answers:
Companies all over the world have concentrated outsourcing the goods and services to different countries. However, certain businesses have adopted the concept of insourcing in recent times. This essay will discuss about the course reversal and which concept is more favorable for the organization.
Outsourcing is the practice that an organization adopts where the different parts of the product are manufactured in other countries and then they are assembled into another location (Schniederjans, Schniederjans & Schniederjans, 2015). Whereas, insourcing is when the organization performs any kind of business operation internally, by either hiring a third party who performs the task internally or by doing the task themselves (Jackson, 2013). This was done by organization to cute back in the cost of transportation, labor and taxes. Even though the main driver of an organization is to cut back on the extra costs, however, outsourcing still remains a favorable practice in several organization due to its various advantages. Firstly, the company can better quality goods and services if the task is done by an individual who expertise in the said job. Secondly, outsourcing can help the organization to concentrate on the core business activities if the other tasks are outsourced to capable people. Thirdly, any kind of risk is shared by the partners to whom the organization have outsourced their work which reduces the burden of risk to a great extent. Fourthly, if a task is outsourced then the workload of the in-house employees are reduced and hence the organization can use the employees more efficiently. Fifthly, if an organization in the United States outsources their task to a country like India which operates on a different time zone, then the organization has an added advantage of completely using their 24 hours (Oshri, Kotlarsky & Willcocks, 2015). The outsourcing partner can take over their work when their time of the day ends and send it back for any kind of review the next day when they start their operation. Lastly, when the outsourcing is done to an expert partner then the production quality will be much higher and hence the satisfaction of the customers will be high resulting in the good promotion of the company (Schwörer, 2013).
Insourcing, on the other hand, can be unfavorable for an organization due to its various disadvantages. Firstly, insourcing requires a huge investment in terms of equipment and other raw materials which would be need to complete the required tasks. Secondly, the company will suffer various costs which might be not useful for them in case of equipment (Stentoft, Mikkelsen & Johnsen, 2015). This is because there might be certain equipment which might not be needed more than once and hence it will be a waste after one use. Lastly, there might be problems in the supply chain integration as in a normal supply chain there are many parties involved and problems might arise when a decision needs to be taken.
Hence, it can be said that even though outsourcing might seem like a much easier option for organization as the task is done internally, outsourcing is a much more efficient option and more cost effective.
References:
Jackson, J. K. (2013). Outsourcing and insourcing jobs in the US economy: Evidence based on foreign investment data.
Oshri, I., Kotlarsky, J., & Willcocks, L. P. (2015). The Handbook of Global Outsourcing and Offshoring 3rd Edition. Springer.
Schniederjans, M. J., Schniederjans, A. M., & Schniederjans, D. G. (2015). Outsourcing and insourcing in an international context. Routledge.
Schwörer, T. (2013). Offshoring, domestic outsourcing and productivity: evidence for a number of European countries. Review of World Economics, 149(1), 131-149.
Stentoft, J., Mikkelsen, Stentoft, J., Mikkelsen, O. S., & Johnsen, T. E. (2015, January). Going local: a trend towards insourcing of production?. In Supply Chain Forum: An International Journal(Vol. 16, No. 1, pp. 2-13). Taylor & Francis.
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