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Outsourcing - Coggle Diagram
Outsourcing
What do banks outsource?
payment processing systems and services
customer service operations
product renewals
printing and mailing of statements
Reasons for outsourcing
Reduce costs
Improve efficiency
Save time
Reasons for failure in outsourcing
Technical failure
Running out of money
Operational problem
Outsourcing countries
China
India
Definition
The process of returning the production and manufacturing of goods back to the company's original country.
Royal Bank Of Scotland