What are the Cost Savings when a company outsources?(Due Week 7)Background:In this case study please choose from one of the areas in an organization that may be outsourced and prepare a cost savings report.Your Assignment:Prepare an executive summary document that focuses on the cost savings of the outsourcing / contracting process for the business process that you decide to outsource. Your analysis must include the steps below.ALL FROM A FINANCIAL PERSPECTIVE!Grading Rubric:PointsCriteria5Correlation of the assessment with the TCOs outlined above and material covered through Week 6.5Compliance with format requirements outlined above.25Assessment of which business processes you would outsource. Determine whether it would be cost effective to outsource the business unit and also whether or not it might be helpful or detrimental to your core business.5Assessment of the preliminary performance targets/level of service you require from each vendor. Point out anything unique about your performance targets/level of service that may preclude some vendors from bidding.5Assessment of the type of contract chosen for each business unit outsourced. Provide a rationale for your choice.5Assessment of the evaluation criteria used to rank the proposals. Again a rationale for your choice needs to be included.5Strength of argument on the number of vendors selected to provide the services.15Assessment of timeline for bid activities and time duration for each contracting process.Total: 70

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