Outsourcing Transforms Enterprises, Boosts Competitiveness and Profits
Outsourcing helps companies improve their core strengths and stay competitive. This study explores what outsourcing means, its types, and reasons behind it. It looks at how companies decide to outsource, from preparing to choosing vendors. The study also suggests ways to overcome challenges in outsourcing, like setting up the right organization model and managing relationships. Overall, the study outlines a six-phase framework for successful outsourcing operation and management.