CORPORATE BUSINESS OUTSOURCING Outsourcing: The term outsourcing, which came from the phrase outside resourcing, originated years ago. The concept often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, inspection, auditing , business consultancy and call centre support . The practice of handing over control of public services to private enterprises, even if on a short-term limited basis, may also be described as “ outsourcing “. Outsourcing includes both foreign and domestic contracting. Importance of Outsourcing: Outsourcing can offer greater budget flexibility and control by allowing organizations to pay for the services and business functions they need, when they need them. It also reduces the need to hire and train specialized staff, makes available specialized expertise, and can reduce operating expenses and risk. Corporate B...