Write a 2-3 page paper about outsourcing from the perspective of a Essay

Write a 2-3 page paper about outsourcing from the perspective of a multinational firm (Yes, this may be a hypothetical firm), - Essay Example t saving has been passed on to the customer who has benefited by the fact that even though the costs of raw materials is on the rise, the price of our goods haven’t gone north and the quality of the goods we provide has remained the same over the years and even improved in many cases. Something that the customers have really appreciated and have been complimenting us on time and again. Also with outsourcing we have been able to reduce the time it takes to bring out new products into the market. With people working in different time zones, it is now possible to bring out new products at a faster rate than before. Now our designers can create a design which is sent to the manufacturers who can produce the goods and it can be ready and shipped back to all our stores within weeks. This has meant that whenever a customer purchases a T&T product they are always buying the latest in fashion. Most of our back office operations have been outsourced freeing up valuable resources which would otherwise have been bogged down due such tasks. This has brought in a huge cost saving to the company as well allowing us on to divert our resources and concentrate on many other avenues which would have otherwise would have suffered. But even though outsourcing is seen by many as the fix it all solution for many problems, it comes with its own set of woes, the biggest and by far the toughest to deal with is the people issue. A company’s most precious asset are the people that work there and they are the hardest hit when outsourcing is considered. Since many processes have been outsourced, many workers have been let go which was done with a heavy heart but it was a must. The customer wanted high quality apparel at reasonable costs and the only way to provide it to them without sacrificing on the product was to downsize. Also with our high dependence on the Internet and other such information delivery systems, when a crash occurs things can spiral into chaos as was the recent case