Date Added: Sep 2009
Off late manufacturing sector, outsourcing is becoming more the norm than the exception. Companies have become more and more specialized within their value chains. OEMs that traditionally were production-oriented are increasingly outsourcing many of their manufacturing and supply chain functions to third parties (contract manufacturers, freight forwarders, and third-party logistics providers). Back-office functions, such as accounts payable, human resources, and IT management are steadily being sourced to specialized Business Process Outsourcing (BPO) firms.