Manufacturing Outsourcing
Manufacturing outsourcing, also called Contract Manufacturing, is a widely known type of business process outsourcing that has been around as early as the 19th century. In this model, a company outsources manufacturing operations to an external business process provider located either onshore or offshore.
Today, key players from different industries have been outsourcing manufacturing operations to a third-party provider, usually located offshore. Through this model, these companies have focused on core operations and have saved both time and money.