Helps in reducing costs by 40-60%.
Accessing innovation, better processes, and/or valuable knowledge.
Achieving greater flexibility (i.e., being able to scale up or scale down operations faster).
Accessing better personnel.
Addressing staffing issues or labour shortages.
Improving processes and/or productivity.
Mitigating risks associated with ineffective inhouse processes.
Reassigning employees to higher-value activities.
Accessing better technology.