How will outsourcing certain cost of goods sold items would impact the planning and budgeting process?

1 Answer

  • 1 decade ago
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    Because outsourcing help you in that step of your business where you are not expert so must be contact to outsourcing company like "Outsourcing" involves transferring or sharing management control and/or decision-making of a business function to an outside supplier, which involves a degree of two-way information exchange, coordination and trust between the outsourcer and its client. Such a relationship between economic entities is qualitatively different than traditional relationships between buyer and seller of services in that the involved economic entities in an "outsourcing" relationship dynamically integrate and share management control of the labour process rather than enter in contracting relationships where both entities remain separate in the coordination of the production of goods and services.

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