Central to the concept of outsourcing is the transfer of one’s ownership of a given business process or business area to an outside qualified provider of a given required service. This transfer is critical as far as the provider takes control of the required process to ensure the delivery of that which has been specified within the terms of the service arrangements agreed with HD Faculty™ . As such, the successful provider reserves full control of its activities as to the manner and conduct in rendering the required services in a prudent and upright manner. The respective provider is required to provide: (a) quality assurance, (b) information and advice, (c) quality management, (d) sub-sourcing business process activities, (e) supplier and vendor selection data, (f) supplier benchmarks, (g) industry research data, (h) current and future trends, (i) strategic suppliers, (j) supplier alliances, (k) supplier development, (l) procurement, and (m) supply chain.
Outsourcing Rationale. The rationale of HD Faculty™'s outsourcing focuses on reducing and controlling head office operating costs, maximizing efficiency, helping HD Faculty™ to focus its activities and resources on its core business needs, and obtaining access to technological capabilities that are not available internally. The provisions of the outsource and co-source services are essential to HD Faculty domestic and international implementation activities, such as: (i) Non-core outsourcing activities ; (ii) Multinational issues ; (iii) Multinational service providers (iv) Cost reduction ; (v) Taxation compliance ; (vi) Performance indicators ; (vii) Risk management ; (viii) Approach ; and (ix) Requirements |
Outsourcing
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