ERP Term
"Outsourcing "

Use of other third-party organizations to perform tasks in place of an internal resource.

There are many reasons why companies outsource. It can be to save money, improve quality, or access specialized expertise. Sometimes companies outsource because they want to focus on their core business.

Outsourcing can take many forms. It can involve turning over all or part of a business process to another company. It can also include hiring individuals from another company to work on a specific project.

When done correctly, outsourcing can be a win-win for both the company and the service provider. The company gets access to the expertise it needs at a lower cost, and the service provider gets new business. But when done wrong, outsourcing can lead to frustration and problems for both parties. 

Related Blog Articles

human-resouce-management-in-erps-banner.jpg
Human Resource Management in ERPs
Human Resource Management (HRM) is a process of managing people in organizations. In the traditional sense, HRM functions included recruitment, selection, training, and compensation. However, in the modern era, the scope of HRM has expanded to include other functions such as performance management, succession planning, and employee engagement. ERP systems are software platforms that support the core processes of an organization. ERP systems typically include accounting, finance, human resources, manufacturing, and...
Successful human resource management
Successful human resource management: the fuel for every company
Human resource management (HRM) is a business administration sub-area that revolves around work and personnel aspects. It combines all strategies, measures, and fields of action of HR, which are to support the company's development - also with the help of change processes.In large companies, HR management can also be synonymous with the personnel department. In everyday work, however, HR management is not the exclusive task of this department but should...
Intelligent tech in Agriculture
Intelligent tech in Agriculture
Drought, hail, constant rain - climate change has far-reaching consequences for us and agriculture. Learn how innovative agriculture technologies can help achieve higher yields, maintain biological diversity, and be innovative simultaneously. Besides Governments, also we at SIX have committed to fighting climate change and helping agricultural producers and farmers to become CO2-neutral.But will all combined efforts be enough to stop climate change? Will we be able to maintain biodiversity and safe...

Want to see SIX for yourself?

Need help, have questions or want to get a free demo?

Please read our Privacy Policy on how we process personal data. We will never share your data!