Outsourcing


Outsourcing
âThird party management providing the best people, process and technology for the execution of non-core business functionsâ.

âA contractual relationship where an external organization takes responsibility for performing all or part of an agencyâs functions. This can involve a partial or complete transfer of staff and/or resourcesâ.

âOutsourcing is the act of transferring some of a companyâs recurring internal activities and decision rights to outside providers, as set forth in a contract.â

âOutsourcing is not just a way to reduce costs; it is an essential element for achieving business excellence.â


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