Answer 1 :

* In the lengthy period, Titan will have no option but to transition from
manufacturing to trade.

* Although outsourcing was not as surprising as it looked, it was fair for the
firm to investigate cost-effective sourcing options at a time when
manufacturing seemed to be highly pricey.

* Titan's decision was driven by a variety of reasons, including the company's

realisation of the prospective advantages of using outsourcing as a strategy
for maintaining its level in the Indian watch business.

* Because of the liberalisation of the economy and the consequent removal of

restrictions on watch imports in the late 1990s, Titan will concentrate mostly
on advertising than production to maintain its strategic advantage in the
foreseeable future.

Answer 2: Outsourcing is legally signing the document of practice with another

company or individual. It is termed as non-core. In outsourcing the third group
party suppliers are always known as service givers. Which provide services
for both in and out organisations which are known as outsourced services.

Outsourcing services are tremendously increasing in terms of trends and

service providers. The most popular outsourcing service these days is
business process outsourcing.

Reasons for increasing popularity of these services.

● They pay more regard to core businesses, resources are optimised and
provided to core businesses which will help both services and also an
organisation.

● It will help to eliminate unusual costs.

● It will build quality by setting standards and taking up grading measures.

● The major advantage of outsourcing is it provides information to an

organisation as well as its general public which will increase expertise
and knowledge.
Advantages of outsourcing:

● The basic advantage of outsourcing which this generation enjoys is

work from home. It provides freedom to work. For ex: freelancing, call
centre jobs etc.

● Because of the above advantage it saves cost and it is one of the

increasing popularity of outsourcing in the manufacturing process.

● It will also help in the reduction of time. Time here means focusing on
main tasks.

Disadvantages of outsourcing:

● Duplication of work can take place. So supplier may play unfair

● Outsourcing focuses on planning but they fail to enforce controlling

techniques which can cause additional future costs as a liability.

● This is the generation of trends and technologies. As it provides long

term services it may not be able to adapt to those new technologies.

Answer 3: benefits of outsourcing:

● New brand meteoric success”:

1.Fastrack increased their quantities ny 100%

2. They sold 50000 units in 2 months.

● Rose to become the country's largest market for watchmakers.

1. It provides 50% of its shares to known brands.

Outsourcing is the lowest cost of production:

● It is 30 to 35% cheaper than in built manufacturing.

● Again coming back to the same advantage it saves more costs if it is
carried out efficiently and effectively.