Business administration |
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Management of a business |
Parts of this article (those related to article) need to be updated.(July 2024) |
Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the reduction of directly-employed staff.[1][2][3] It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done.[4][5] The external organization is referred to as a managed service(s) provider (MSP).[6]
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