Outsourcing has become a keystone of major business operations to the point that it’s almost a given that large companies will move certain expensive business processes and labor-intensive activities to a third-party. Is this always the best option?
An affiliation is often referred to as a person, organization or establishment associated with another as a subordinate, subsidiary or member. An affiliation can be a social or business relationship and is essentially the act of being formally connected or joined. Examples of affiliations in the business environment include sourcing partners, vendor relationships and alliances.
Topics: KL Tools, inventory and materials management, purchasing & accounts payable, supply chain, risk assessment, outsourcing/co-sourcing/shared services, performance management/measurement, vendor management
The accounts payable process is one that both organizations and individuals can relate to. If you have bills to pay, you have entered the land of accounts payable.
Add a Comment: