Categories: Uncategorized

Reason, Risk and Reward- 3 R of outsourcing

As the business owner, to grow your business and to stay focused, you must be thinking of outsourcing your non-core activity. You are well aware with advantages of outsourcing, but there are some facts you must be aware about outsourcing.  Here three basic R of outsourcing-Reason, Risk, and reward of outsourcing. Before you outsource, give a look to all these three aspects.

The reasons why organization outsource

  • With the aim to reduce operating costs to a great extent
  • To stay more focused on core activity
  • To expect more return on investment
  • To make use of latest cutting edge technology and software
  • To utilize the in house resources for  other important task
  • To get the leverage of  talent of offshore people
  • To get rid of training and other seminar expenditure

 Various risk related to outsourcing

Every  coin has two phase, there is no doubt deny in fact that outsourcing has its own tremendous advantages, but also some risk is there  in hand over your part of project to some service provider. It is always advisable to aware of possible risk involved in outsourcing

  • Communication gap can result in inefficiency in whole project.
  • Risk of late delivery
  • Inefficient team handling your task
  • Quality issue
  • Insecurity of data and confidential data

To avoid all such risk, one must make proper transparent communication, and ask for timely report and do cross check the quality of work done at each level, that will ensure the quality of product

The rewards the come with outsourcing

  • Access to best latest technology
  • High quality work done by experienced professional
  • Highly affordable  service
  • One can expect 60% saving in total cost of project
  • Can take the leverage of 24* 7 services
  • Stay more focused on core job
  • Save huge amount on  organizing training and seminar for in house staff

Outsourcing has its tremendous advantages; all you need to understand your requirement, the whole sole process and grab the tremendous advantages of outsourcing to elevate your business.

Julia Rutherfrd

Recent Posts

What Makes a Medical Billing Company the Best in the USA? How They Reduce the Cost?

In the USA, medical billing services are revolutionizing the healthcare industry. With an array of…

6 days ago

Future Trends in Document Scanning Services in India

In India, the era of dusty file storage cabinets and complex paper-based workflows is steadily…

2 weeks ago

Outsourcing in the Marketing and Advertising Industry: Accelerate Campaign Success

Marketing and advertising outsourcing is gaining traction as the digital marketing requirements are evolving day…

2 weeks ago

Manual vs. Automated Data Entry: Which One Should You Choose?

Unstructured, non-standard, or messy data is a burden to every business. Hence, companies need to…

1 month ago

Why BPO Is Essential for Healthcare Providers in the U.S.

The healthcare industry in USA is continuously growing, and the service providers that belong to…

1 month ago

Why the Philippines is Home to the Best Affordable and Reliable BPO Agencies

The Philippines is home to the world’s best affordable and reliable BPO agencies. Outsourcing to…

2 months ago