With the advent of the Internet, outsourcing has become even easier, faster, and more efficient, offering advantages such as:
- It cuts transaction costs: these costs include not only finding the relevant suppliers, but also the comparative costs of planning, adapting and monitoring the completion of a project.
- It offers increased speed: companies located across the world are able to locate, assess and commence work with each other faster than previously imagined in the "old economy".
- It reduces the potential for fraud: in the internet community everyone is your neighbor. With this comes the exposure and transparency that cuts the risks of opportunistic behavior such as revising prices, delivering lower than agreed quality, or terminating a contract without warning.
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