WHO
OUTSOURCES:
From entrepreneurs
in small office home offices to small and medium enterprises,
to large businesses and empires with diversified interests and
varied business processes outsource. Businesses typically outsource
processes related to Information Technology, Human Resources,
Project Management, Accounting and Administrative functions. Many
companies also outsource customer support and call center functions,
manufacturing and engineering. Outsourcing business is characterized
by expertise not inherent to the core of the client organization.
WHAT
IS OUTSOURCING:
Strategic
use of outside firms to perform certain non-core and non-value
added activities, which are traditionally handled by internal
staff and resources.
WHEN
TO OUTSOURCE:
Your business
activities should consider outsourcing when process is not central
to generating profits or competitive success, when the job is
a routine one that wastes valuable company resources, when the
task that is a needed is temporary or occurs in regular cycles,
when it becomes cost-feasible to have someone else do it, when
the activity can be done cheaper in-house, but drains resources
that may be better allocated elsewhere, or when the skill(s) required
are specialized.
WHERE
TO OUTSOURCE:
India has
invested heavily in technical education and provides a ready supply
of bright people at relatively low costs. Infrastructure improvements
in India, particularly in the area of telecommunications, and
the independent nature of working in IT make it possible to share
talents on a global scale.
Significant cost savings, up to 80% in certain cases. |
Improved resource allocation to help shift the traditional
focus from transactional activities
and reporting to the delivery of forward-looking information
and value-added business analysis. |
Improving
service quality and productivity -- reduce response time,
deploy solutions faster and improve
system availability. |
India has state-of-the-art technologies for total solutions. |
India is one of the world's 10 fastest-growing economies,
thus excellent investment potential. |
WHY OUTSOURCE?:
Traditionally,
BPO has been a management tool available only to large companies.
These companies saved millions of dollars by outsourcing their
non-core functions, such as accounting, finance and administrative
processes to specialized service providers.
Benefits
include:
1. Productivity Improvements
2. Access to expertise
3. Operational cost control
4. Cost savings
5. Improved accountability
6. Improved HR
7. Opportunity to focus on core business
8. Better-managed e-business infrastructures
9. More effective operating environment at the backend.
10. Competitive and technical edge