Outsource those Clothes to us

Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

KEY TAKEAWAYS

• Companies use outsourcing to cut labor costs, including salaries for its personnel, overhead, equipment, and technology.
• Outsourcing is also used by companies to dial down and focus on the core aspects of the business, spinning off the less critical operations to outside organizations.
• On the downside, communication between the company and outside providers can be hard, and security threats can amp up when multiple parties can access sensitive data.