OUTSOURCING: AN OVERVIEW
Businesses of all kinds can and do benefit from the tool of outsourcing every day. The businesses that use outsourcing as a tool to enhance and grow their business already know the value that outsourcing brings to their organization. The organizations that have used outsourcing for many years know that with the positives it brings to the organization that it is also important to have a well managed plan of action for hiring a consultant or contractor for a business task. This includes deciding which projects or tasks to outsource, whom to hire for these tasks, how to manage the project, how to agree on payment terms, and how to achieve the desired results. There are many forms of outsourcing ranging from outsourcing payroll to outsourcing package handling, to everything in between. Small businesses hiring a self-employed accountant to handle the corporate tax returns are in essence hiring a tax consultant. Large corporations that hire outside customer service firms to handle their customer support are outsourcing that function of their business to focus more on their core business functions. It is entirely possible to outsource practically every business process within an organization.
OUTSOURCING TOOLS

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There are a wealth of tools available for the organization looking to outsource business processes. Companies such as SmartyLance.com, enable a business to post a project to a project marketplace and receive bids from experts in the field. These type of freelance sites match companies with freelance professionals, consultants, and independent contractors. There are many advantages for a business to use services such as SmartyLance. First, the marketplace enables businesses to use a centralized location to post their project, receive bids on that project, communicate with potential providers, choose a winning bid (either based on lowest cost or based on the credentials, expertise, or prior feedback of a particular provider), manage the project specifications, receive the delivered project and make final payment based on the terms of the auction. This centralized marketplace provided by SmartyLance greatly streamlines the entire outsourcing process and enables the business owner or manager to have greater control over the entire outsourcing process.
INCREASING COMPETITION

By Haadi