👉 The outsourcing project involves delegating specific business functions or processes to an external third-party provider, aiming to enhance efficiency, reduce costs, and leverage specialized expertise. This strategic move typically includes selecting a reliable vendor, defining clear objectives and deliverables, establishing robust communication channels, and implementing monitoring mechanisms to ensure quality and compliance. By outsourcing, the company can focus on its core competencies while benefiting from the vendor’s advanced resources and operational efficiencies.
