Explain Carefully the Advantages of Creating a Shared Service Centre

question 40

Essay

Explain carefully the advantages of creating a shared service centre (SSC) and the implications for both the supplier and the implications for both the supplier's and customer's business organisations and relationships.

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Definitions:

Sold

The completed sale of goods or services from one party to another, transferring ownership.

Probability

A mathematical measure indicating the likelihood or chance of a specific event occurring, ranging from 0 (impossible) to 1 (certain).

Quarter

A period of three months used in financial and business sectors for reporting, forecasting, and dividing the fiscal year.

Tails

The extreme ends of a distribution, representing outcomes that are far from the central peak of the distribution.