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:

Interest Rate

A percentage that represents the cost of borrowing money or the profit earned from an investment.

Equivalent Interest

An interest rate or yield that is calculated to be comparable across different compounding periods or payment schedules.

Nearest 0.01%

This refers to rounding calculations to the closest hundredth of a percent, commonly used for precision in interest rates and financial metrics.

Nearest 0.01%

Rounding or approximating a numerical value to the closest hundredth of a percent.