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Transferring business processes. Explanation of Outsourcing Outsourcing is a strategic management model wherein business processes are transferred to another company. The concept is: to let a third party service provider perform the management and/or day-to-day execution of one or more business functions.
Glossary of typical Outsourcing terminology Application Service Provider (ASP); Business Process Outsourcing (BPO); Competitive Insourcing; Contract Manufacturing; Co-Sourcing or Cosourcing; Facilities Management; Insourcing; Nearshoring; Offshoring; Service Level Agreement (or SLA); Shared Services.
Choose an outsourcing partner Choosing a company to outsource to is very different from choosing an ordinary supplier. You're embarking on a long-term relationship, so take your time.
Can your business benefit?

Depending on the project, outsourcing can sometimes be a very cost-effective business decision. Sure, we can all accomplish some of it in-house, but can we do it all, and do it well?

Outsourcing and Your Business Outsourcing is an established way of doing business today, allowing companies to maximize their budgets and resources — and generate better products.
Outsourcing: A New Vocabulary As infrastructure outsourcing evolves and a new business model emerges, the language around it changes as well. These tips will help you stay on top of the terminology.
Potential pitfalls of delegating direct control Many businesses are wary of outsourcing. They're concerned about handing over key business functions to an external organisation over which they have no direct control.
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