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Know The Benefits Of Business Process During Recession
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Posted On :
Oct-20-2009
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Article Word Count :
588
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Today every organization has understood the benefits of business process outsourcing. Over the years it has become a successful tool which is cost effective as well as gives maximum return on investment. Outsourcing the non-core functions to a BPO services provider is one of the popular business strategies in today’s competitive environment.
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Business process outsourcing has become one of the successful tools for large business to remain competitive in 21st century. The advantages of BPO are however no longer exclusive to one organization. Even the small and medium sized companies have realized the full benefits of business process outsourcing to maintain a competitive edge in today’s business.
If you run a web or software development company, you probably might have come across the word business process outsourcing. Today Business Process Outsourcing is the main buzzword in global scenario. With the current economic situation, it is a good idea to consider the growth that can bring profits to a company’s business. Have you wondered that outsourcing can help you through this current economic downturn? There are many added advantages of business process outsourcing that your company can have.
Over the past few years, the pace of business process outsourcing has picked up dramatically as companies have started to outsource more BPO services. These are the ones that are intensively supported by technology such as human resource, accounting, supply chain management, procurement and customer care.
Here are major benefits of business process outsourcing:
Flexibility: In past years, it was hard to find an appropriate outsourcing partner to run your projects. You always needed a business partner that could save you from the headache that comes with hiring and firing of people. Now with business process outsourcing you can simply hire the exact of number of hours you need and you do not run the risk of long term labor contracts.
Focus: The biggest added value as an outsourcing partner is the customized solutions for your business needs. You develop applications that help your clients to solve problems. Outsourcing some of your non-core business functions helps you to concentrate on your core competencies like creating new business contacts.
Cost savings: One of the driving force behind business process outsourcing is cost effectiveness. The availability of technically, skilled and English speaking workforce in countries like India, Philippines and China is what attract most companies to outsource their projects. For some sectors like telecom, banking and IT the infrastructure has improved to industry standards. The quality of BPO services is also meeting the international standards.
Increase in capabilities: Apart from other advantages, business process outsourcing has another important benefit which leads to increase in capabilities of employees. In addition to doing things efficiently, the employees can expand their ability to deliver new products or services. There are other factors also like scalability and scope.
Advantages of time zone: Through business process outsourcing, there are advantages of time zone. You can cater to your customers 24 by 7 and 365 days a year. There will always be professional to assist your customers whenever they want.
Improvement in productivity: Another important facet of business process outsourcing is improvement in productivity. It has the ability to free corporate executives from some of their day-to-day process management responsibilities. According to a research it has been found out that executives spend 80 percent of their time in management of details and 20 percent of their time on formulating the strategies. The scenario is different when they outsource their services. Once the process is outsourced the ratio can easily be reversed. The companies that outsource are able to capture new efficiencies and improve their productivity.
These are some of the benefits of business process outsourcing that can help you during an economic downturn.
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Article Source :
http://www.articleseen.com/Article_Know The Benefits Of Business Process During Recession_4313.aspx
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Author Resource :
Freelance writer Sandra Jones has written a wide range of articles on business process outsourcing. Most of her write ups are about call centers, BPO services, call center business, customer service outsourcing, inbound call center, and outbound call center.
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Keywords :
bpo, call center, customer care, customer services, call center services, call center bpo, process outsourcing,
Category :
Business
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Business
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