Bpo

Assessment: The first stage of outsourcing, during which the buying company
conducts a thorough assessment of their sourcing needs. Since this stage involves
developing a project plan, identifying a leadership team and reorganizing training
resources, it is often the most difficult.
1. Proposal: Once a company has decided to outsource training services, they
must identify which suppliers have the capabilities to best match their needs.
In order to get information from suppliers, the company will create and send at
least one of the following documents to the external market: Request for
Information (RFI), Request for Proposal (RFP) or Request for Quotes (RFQ).
2. Due Diligence: This is the process of gathering and evaluating information
about each others capabilities in order to form a solid and structured
relationship.
3. Contracting: This stage occurs once both parties are prepared to formalize
their business relationship through a written agreement. The companies will
negotiate the specific terms of their relationship and will then sign a contract,
typically either a Master Services Agreement (MSA) or a Service Level
Agreement (SLA).
4. Transition: After the contract is signed, the two companies will begin
transitioning resources and responsibilities from the buyer to the supplier.
5. Governance: This stage is typically the longest because it involves managing
the business and maintaining a working relationship throughout the duration of
the contract.
6. Repatriation/Transfer: The last stage of outsourcing, repatriation involves
the transfer of resources and responsibilities back to the original companies.