Contract administration and financial management, Other Subject

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QUESTION

Outsourcing has been declared as a life saver for many firms. However, outsourcing relationships need to be managed carefully to gain maximum benefits

(a) What would you recommend to handle conflicts in order to better manage outsourcing relationships?

(b) Explain the qualities that an outsourcing manager need to master to achieve successful results in outsourcing

(c) The middle ring of the Relationship Management Framework includes four key area namely Satisfaction, Performance Management, Contract Administration and Financial Management. For any one area give the 3 questions that need to be answered in order to better manage outsourcing relationships


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