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OUTSOURCING .. create value by leveraging work to others

OUTSOURCING .. create value by leveraging work to others

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OUTSOURCING .. create value by leveraging work to others

Companies outsource primarily to cut costs. But today, it is not only about cutting cost but also about reaping the benefits of strategic outsourcing such as accessing skilled expertise, reducing overhead, flexible staffing, and increasing efficiency, reducing turnaround time and eventually generating more profit.

Outsourcing non-core activities such as administration and back office operations helps to put the focus back on the core functions of the business. One of the biggest advantages of outsourcing is cost savings. The lower cost of operation and labor, and reduction in overhead costs makes it attractive to outsource.

Some of the most common reasons include:
  • Reducing and controlling operating costs.
  • Improving company focus.
  • Gaining access to world-class capabilities.
  • Freeing internal resources for other purposes.
  • Streamlining or increasing efficiency for time-consuming functions.
  • Maximizing use of external resources.