A laboratory that operates independently of a hospital and physicianâs office to furnish physiological diagnostic services (e. g.
To decide between outsourcing and offshoring, it will really depend on the nature of your business and your needs. Outsourcing may be better for those who want fast, flexible and cheap services. Whereas offshoring may be better suited for those who need more control, cultural similarities and higher quality services that are cost effective.
Outsourcing refers to an organization contracting work out to a 3rd party, while offshoring refers to getting work done in a different country, usually to leverage cost advantages.ffshoring provides many of the same benefits as outsourcing, including: 1  Cost savings: Companies usually offshore manufacturing or services to developing countries where wages are low, thus resulting in cost savings. 2  These savings are passed on to the customers, shareholders and managers of these companies.