This saves enormous time, because you build on existing, tested libraries rather than writing everything yourself. It also tracks exact versions so every developer and server uses the same ones, which prevents the classic "works on my machine" problem.
The trade-off is dependency management: projects can accumulate many packages, some outdated or insecure, so keeping them updated matters for security. Package managers also provide tools to audit and update dependencies, which is a routine part of maintenance.
Updated July 2026