Offshore Procurement Explained

 Outsourcing in Procurement and Supply Chain Definition

Outsourcing or offshore procurement is "the process of contracting with the most suitable expert third party service provider" (CIPS: Outsourcing). It is the operational transfer of one or more business processes from an origin company to an external provider who then becomes accountable for the outcome of the agreed tasks (Cooke & Budhwar, 2009). Outsourcing to a foreign country is called 'offshoring' (here the provider can be external or affiliated to the firm) and to nearby countries is known as 'nearshoring'. Transfers to an external, international provider are referred to as 'offshore outsourcing' (Olsen, 2006) or offshore procurement.

For more information on the types of services offered by an offshore procurement company visit Link Ship Chandlers - a leader in maritime and chandling services.


Article from https://maritimeprocurement.postach.io/post/offshore-procurement-explained

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