OUTSOURCING SERVICES TO A COMPANY
Outsourcing can be defined as a task or process or function which is performed , maintained and even the results are executed by the employees within a company but is instead it will be done on a contract basis with the help of external vendor who will be third party and this contract or outsource will be for a specified period of time between the company and the vendor. There is a strategy named as offshoring where all the functions of internal resources will be executed by the external resources which will help the company to gain some benefits in various departments like man power, financial department etc. In this outsourcing third party vendor who will become a valuable business partner can work either off site or on site. REASONS FOR CHOOSING OUTSOURCE: ->The main reason for this strategy is to save huge amounts of money and time which are very crucial for success of any company. ->Concentrate on main areas of business which is core to that company. ->To gain more...