Outsourcing
Outsourcing:-Today, Outsourcing is becoming more and more popular in the business environment. Outsourcing is the process by which a company contracts another company to offer particular services.
Outsourcing in Detail:-As we know, outsourcing is the process of contracting out certain non-essential or non-core processes of a company to a third-party with proven expertise in the field.
India as Outsourcing Destination:-India offers several salivating options to a company's CFO through major cost savings in men, materials and processes. As Indian IT personnel are willing to work for far less salaries than their western counterparts and are no less skilled they provide the required flexibility and that too at far lower costs.
Software Development Outsourcing:-India is emerging as one of the most important offshore outsourcing place in the world because of its cost effective software solution along with availability of software talent pool combined with world-class quality offerings. The growing demand of business competition such as on-time completion of project, accessibility of skilled and trained IT professionals and cost saving has forced several IT firms to outsource their software projects offshore.
Software outsourcing Process:- Thinktank Infotech Software Outsourcing Methodology enables customer to maximize the benefits by optimizing offshore contribution. This methodology can be eagerly applied to deliver a range of software services through offshore model.
Top Outsourcing Benefits and Advantages:There are several outsourcing benefits and advantages
- Huge Cost Savings
- Access to Specialized Skills at fraction of the cost.
- Focus on the core.
- Quicker Project Completion.
- Outsourcing increases customer satisfaction.
- Continuous Development becomes possible.
- Get access to new and growing markets.
Different Types of Outsourcing: -Outsourcing can be divided into two broad categories BPO and KPO.
BPO:-Multimedia/ animation, business consultancy, data entry, book keeping, CAD/ CAM, DTP, call center, handwriting services, proof reading and editing, typesetting, marketing, medical billing and transcription, web design and development etc are all services that could be put under the BPO category.
KPO: -Knowledge Process Outsourcing (KPO) typically calls for work that needs higher levels of involvement from the worker. The worker has to employ advanced levels of research, technical and analytical skills and has to make decisions of a higher order than BPO work.
Offshore Outsourcing -Benefits: -Flexibility and lower costs are the two main driving factors behind the outsourcing business. Offshore outsourcing enables to increase the speed of the operations, as one can choose a vendor with appropriate capabilities.
Business Process Outsourcing: -Efficiency and competency are keys to the success of any organization seeking to maximizing profits.
Success of Outsourcing in India: -India is a developing country that has good transport and communication system. The Indian economy has opened up, ready to bet a wider claim in the world economy.
Outsourcing Process Management: -The success of an outsourcing arrangement depends completely on how the entire process is managed. It requires thorough planning right from the beginning, but this is an area that has not been given due importance till now.
The Advantages of Outsourcing: -Today, Outsourcing is one of the most discussed issues. Outsourcing means better cost efficiency. Successful companies have realized that they have to outsource, as they cannot do, justice to all aspects of business-production, marketing and distribution, and researched.