The Evolution of Outsourcing: Embracing the Era of Outsourcing 4.0

Mohammadreza Akbari ()
Additional contact information
Mohammadreza Akbari: James Cook University

Chapter Chapter 8 in The Road to Outsourcing 4.0, 2024, pp 169-198 from Springer

Abstract: Abstract This chapter delves into the dynamic landscape of outsourcing 4.0, tracing its historical evolution from rudimentary models to the interconnected and technologically sophisticated era. Outsourcing 1.0 initiated the journey with cost-centric delegation, paving the way for outsourcing 2.0, marked by a shift toward collaboration and relationship management. The intricacies of a globalized economy and the integration of cloud technology have played pivotal roles in shaping outsourcing 3.0, paving the way for the current epoch of outsourcing 4.0. This latest phase integrates digital technologies, strategic partnerships, and a holistic outsourcing approach, emphasizing Industry 4.0's role in supply chain digitalization. The chapter underscores the dynamic nature and necessity for agile, responsive management amid global crises. The chapter underscores the need for organizations to balance benefits, address challenges, and seize opportunities for a competitive edge in the evolving digital landscape. In this transformative era, agility and forward-thinking are essential to fully harness outsourcing 4.0 in supply chain management.

Keywords: Outsourcing evolution; Strategic partnerships; Technology-driven outsourcing; Digital transformation; Digital innovation (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-2708-7_8

Ordering information: This item can be ordered from
http://www.springer.com/9789819727087

DOI: 10.1007/978-981-97-2708-7_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().