Posted by anthony on February 2, 2009
Outsourcing is becoming more and more popular in today’s business environment. Most companies tend to outsource some of their work functions. It is a process in which the company or individual business man contracts another company to avail particular services. There are four basic types of outsourcing, wherein the categorization is based on the nature of work being outsourced.
The first type is Business Process Outsourcing (BPO) in which call center outsourcing, human resources outsourcing (HRO), finance and accounting outsourcing and claims processing outsourcing belong. The second is Information Technology Outsourcing (ITO). It includes IT services, technical support, software testing, and website management outsourcing. The third type is Software R&D or also known as software development outsourcing. Finally, Knowledge Process Outsourcing (KPO), is the type of outsourcing that includes reading X-Rays, performing investment research on stocks and bonds, handling the accounting functions for a business or executing engineering design project.
By looking at the benefits of Outsourcing, we can deduce that it is indeed helpful and a practical choice because of its cost-effectivity. You can gain access to knowledge pool that is not available inside your own company. You can also attain flexible capacity management in which you are enabled to flexibly manage the production capacity and staff as well. The Time Zone coverage that are set up 24/7/365 operation makes your business operation more efficient.
Posted by tarhata on October 29, 2008
The outsourcing industry has created fresh opportunities for the Philippines to be Asia’s business process outsourcing (BPO) force. This is due to the expansion of demands for business process and IT outsourcing solution that reach through different time zones and into the international scale. Due to this, offshore outsourcing is duly practiced.
Offshore outsourcing means an organization actually hiring an external unit to do its business functions. These services are usually provided in other countries with completely foreign subsidiaries.
In the aspect of local and global marketing, the founding of technical support outsourcing companies in our locales is considered a feasible step for these foreign corporations to implement cutback measures. Thus, it allows them to track down radically required cost reduction schemes but with high quality production.
The Philippines has emerged as an IT outsourcing solution that aims to provide offshore outsourcing services to the global market. Low cost of labor and excellent work done by Filipinos has gained the taste of these companies that have been looking for such quality conditions. Moreover, a gradual rise in growth percentage was predicted in the coming years despite the global rundown. Hence, IT outsourcing consultant companies in the country will be experiencing an affirmative impact of this so-called prediction. Philippine outsourcing then, is fast developing its lead in the Asian outsourcing industry.
For this reason, the Philippine information technology outsourcing prospects have become a positive sign of better days to come for the many skilled professionals that are only waiting to be given the chance to prove their worth.