Outsourcing A And Viable Option - 1559 Words

Triad has grown considerably in a relatively short amount of time. However, Triad is still a small company and similar companies of Triad’s size have traditionally seen outsourcing as a smart and viable option to optimize business processes and ultimately improve the bottom line. It’s important that Triad assesses the pros and cons involved with outsourcing, such as cost/benefit, potential risks, contractual arrangements and service levels, and necessary controls, before making any changes. We should also define what operations we are considering outsourcing – as opposed to a company-wide reorganization and what other functions we might be able to add as a result of outsourcing MIS IT solutions. While traditional software solutions address the needs of one process, enterprise software, which we might consider for our MIUS needs, addresses multiple â€Å"thinking† processes – rather than a simple â€Å"tool.† An MIS usually exists as a computerized database of financial information organized in such a way that it produces regular reports on operations for every level of management. The main purpose of the MIS is to give managers feedback regarding performance; top management can readily and easily monitor the company as a whole. Information displayed by the MIS typically shows actual data against planned results from the year before, and a measure of progress to goals. The MIS receives data from company units and functions. Much of the data is collected automatically fromShow MoreRelatedAssignment On Hardware Leasing And Its Effect On The Scope And Cost Of The Billing System1609 Words   |  7 PagesOption 1 Hardware Leasing This option is the best in my opinion. 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The decision I recommend is that they should outsource their telecom network equipment and IT equipment management to their vendors. The arguments that support the decision are Telecom network equipment management outsourcing: The Industry practice is to purchase about 30% to 40% excess capacity in order to keep one step ahead of customer