Over the past 40 years, companies have gone back and forth on outsourcing. The proverbial wisdom hasn't changed much. The allure of outsourcing is the promise of cheap labor and in some cases, access to skills your company might not have internally. The attraction of insourcing is capturing your intellectual property as a strategic resource and putting it to competitive use for your business. Given today's rapid and often unpredictable pace of business, there is still a place for both strategies. The key is knowing how to use both for best advantage.

Recent history -- and the surprising resurgence of insourcing

For manufacturing, engineerin ...

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