Supply Chain & Logistics Management
The Most Important Questions
Antim Prahar
1 Outsourcing: Nature and Concept and importance
•Nature and Concept of Outsourcing
• Outsourcing refers to the practice of contracting out business processes, tasks, or services to third-party providers.
It allows companies to focus on their core competencies while delegating non-core functions to external specialists.
Commonly outsourced activities include IT services, customer support, manufacturing, logistics, and HR functions.