OUTSOURCING

What is Outsourcing ?

Outsourcing takes place when an organization transfers the ownership of a business process to a supplier. In an outsourcing relationship the buyer transfers control of the process to the supplier and does not tell the supplier 'how to do the work'.

Benefits of Outsourcing :

Organisations gain access to highly skilled people and the latest technologies and are able to focus on core business activity whilst improving overall operational performance. To achieve these and other value-add benefits it is essential, that both buyer and supplier are clear as to exactly what is being outsourced and what performance metrics will be applied.

Further Information on Outsourcing : http://www.outsourcing-journal.com