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BPO Outsourcing means shifting of internal job to external Company, with different geographical location, sometimes.

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Offshore outsourcing can offer significant advantages in software development, including cost savings of 50 to 70 percent compared to internal development or onshore development firms.

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Outsourcing is one activity that can bring in a lot of money. We all know that. What is not well known is the fact that there are several risks involved.

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A reluctance to undertake capital expenditure and a ‘necessary evil’ attitude to technology remain endemic among UK partnerships.

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It’s no secret that small businesses have a number of disadvantages when compared to their billion-dollar brethren. And these days you can add offshoring information-technology work to the list of issues that your business must overcome every day.

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When most people think of outsourcing, they automatically think of a reduction in personnel costs as the key benefit. While a reduction in costs is often the driving force and is typically achieved, it frequently is not the most important benefit achieved through outsourcing.

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Outsourcing is an extremely common practice in today’s cost-conscious environment. Outsourcing occurs when you subcontract a particular task or project to a company that specializes in that task rather than employing people in your company to complete the task or project.

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While outsourcing is a powerful tool to cut costs, improve performance, and refocus on the core business, outsourcing initiatives often fall short of management’s expectations. Outsourcing failures are rarely reported because firms are reluctant to publicize them.

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There are several ways to think about outsourcing. When you are part of a big company or corporation, outsourcing occurs when you pay another company to provide services that would otherwise be done by in-house employees.

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Outsourcing contracts can be complex affairs, but a good outsourcing contract will examine service level agreements, penalties and rewards, timeframes and measurements, regular reviews, and exit strategies.

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