Elaborate if there is any similarity between offshoring and outsourcing. Discuss few factors a company may consider in offshoring or re-shoring its operations. Explain globalization in these context of outsourcing and offshoring

Elaborate if there is any similarity between offshoring and outsourcing. Discuss few factors a company may consider in offshoring or re-shoring its operations. Explain globalization in these context of outsourcing and offshoring

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter10: Worldwide Sourcing

Section: Chapter Questions

Problem 15DQ

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Q1) Offshoring means obtaining products and services from operations that are based outside one’s own country where as Outsourcing means deciding to buy-in products or services rather than perform the activities in-house. Re-shoring is the process of returning the production and manufacturing of goods back to the company's original country.

answer the following questions:

Elaborate if there is any similarity between offshoring and outsourcing.
Discuss few factors a company may consider in offshoring or re-shoring its operations.
Explain globalization in these context of outsourcing and offshoring.

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