Ă˘€śThird party management providing the best people, process and technology for the execution of non-core business functionsĂ˘€ť.
Ă˘€śA contractual relationship where an external organization takes responsibility for performing all or part of an agencyĂ˘€™s functions. This can involve a partial or complete transfer of staff and/or resourcesĂ˘€ť.
Ă˘€śOutsourcing is the act of transferring some of a companyĂ˘€™s recurring internal activities and decision rights to outside providers, as set forth in a contract.Ă˘€ť
Ă˘€śOutsourcing is not just a way to reduce costs; it is an essential element for achieving business excellence.Ă˘€ť