Benefits Of Outsourcing
What is Outsourcing? %$4 Outsourcing is the process of delegating a company's business process to third parties or external agencies, leveraging benefits ranging from low cost labor, improved quality to product and service innovation. When outsourcing transgresses national boundaries and is managed by companies located in other countries, outsourcing takes the form of offshoring. Benefits of Outsourcing 1 Lower costs due to economies of scale 2 Ability to concentrate on core functions 3 Greater flexility and ability to define the requisite service more readily 4 Specific supplier benefits. For example, better security, continuity, etc. 5 Higher quality service due to focus of the supplier Improved internal management disciplines resulting from the exercise itself 1 Less dependency upon internal resources 8 Control of budget 9 Faster setup of the function or service 10 Lower ongoing investment required in internal infrastructure 11 Greater ability to control delivery dates (eg: via penalty clauses) 12 Lack of internal expertise 13 Increase flexibility to meet changing business conditions 14 Purchase of industry best practise 15 Improve risk management
Benefits Of Outsourcing
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