This article was first published in The Business Times on 27 September 2016 by ThunderQuote co-founder Junming Tan.
No business is completely self-sufficient. All companies require solutions and products from other vendors to better service their own customers. Outsourcing enables businesses to focus on developing its core competencies, while still benefiting from greater efficiencies and conveniences provided by their outsourced partners. For example, an F&B business should spend more of its time developing new menus or training staff, while outsourcing IT and cloud-based technologies for improved accounting or scheduling services.
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