Outsourcing for Financial Success? an Exploratory Study (Report‪)‬

CURRENT STATE OF OUTSOURCING Global competition dictates that manufacturing firms deliver quality goods to customers on demand and at lower costs. One of the ways to be competitive is through innovation in products, processes, and services. To increase productivity and lower costs, companies are using leading manufacturing approaches (such as continuous improvement program, just-in-time inventory system) and progressive human resource (HR) practices. Another way to remain competitive is through outsourcing the business processes.