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Home Blog Archive by category "Outsourcing" (Page 3)

Category: Outsourcing

In business, outsourcing involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing). The concept came from the American Glossary ‘outside resourcing’ and it dates back to at least 1981. It sometimes involves transferring employees and assets from one firm to another, but not always. It is also the practice of handing over control of public services to for-profit corporations.

It includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country). Many people confuse outsourcing and offshoring – however they are different. A company can outsource (work with a service provider) and not offshore to a distant country. For example, in 2003 Procter and Gamble outsourced their facilities management support, but it did not involve offshoring. Financial savings from lower international labor rates can provide a major motivation for outsourcing or offshoring. There can be tremendous savings from lower international labor rates when offshoring.

Articles about "Outsourcing"

social media marketing

How to Kick-start Social Media Marketing for Your Business

By Emy Bautista | Digital Marketing, Online Marketing, Outsourcing | 21 June, 2016 |

Social media marketing is certainly one of the most popular promotion strategies for today’s businesses. In a survey conducted by Forbes, 78% of the respondents said that companies’ social media posts influence their buying decisions. 71%, on the other hand, are more likely to purchase an item based on social media referrals. Due to SocialRead more

responsive website

Importance of a Responsive Design For Your Website

By Emy Bautista | Advanced SEO techniques, Brand development, Digital Marketing, Online Marketing, Outsourcing | 14 June, 2016 |

A responsive website reflects an efficient business. Every digital marketing campaign starts with a website. A website is essential in helping businesses and organisations present the company and improve their web presence. The huge increase in the number of people using mobile devices to surf the web has made responsive website design the standard. FirstRead more

business process outsourcing

Benefits of Business Process Outsourcing

By design@bureauserv.com | Brand development, Business Advice, Digital Marketing, Online Marketing, Outsourcing | 7 June, 2016 |

Business process outsourcing has become a widely accepted global strategy implemented by today’s businesses. Technological advancement and online solutions such as cloud computing and business process as a service (BPaaS) contributed to this shift. Industry experts believe that the growing interest in outsourcing can be attributed to the following benefits: Control and reduce cost SavingRead more

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