Mar 03
During these economic times though the challenges are right in front of your eyes, the cash flow is low and tight, in this case outsourcing becomes a smart option. For businesses large and small, outsourcing can make budgets go further.
In The Four Hour Work Week, Tim Ferris writes about outsourcing in a way that is [...] [...more]
Posted: under Data entry outsourcing.
Tags: cost effective, Outsource, Small business
During these economic times though the challenges are right in front of your eyes, the cash flow is low and tight, in this case outsourcing becomes a smart option. For businesses large and small, outsourcing can make budgets go further.
In The Four Hour Work Week, Tim Ferris writes about outsourcing in a way that is especially interesting for small business owners, who need to maximize the value of their own time while keeping costs reasonable. Ferris explains how he manages his successful company while tripping around the world, putting a minimal amount of time into actually running his business. Click here to read how he manages to do it.
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Feb 16
India gives complete solutions supported by its technological ability, quality, flexibility, and cost effectiveness; time to market and in turn the competitive edge.
1. India has abundant talent with a steady supply of talented software engineers who are well conversant in English.
2. About 100 countries Indian software including the U.S., U.K. and other developed countries. So [...] [...more]
Posted: under Outsourcing.
Tags: e-commerce, India, Legacy systems, Outsource, STPI, system migration
India gives complete solutions supported by its technological ability, quality, flexibility, and cost effectiveness; time to market and in turn the competitive edge.
1. India has abundant talent with a steady supply of talented software engineers who are well conversant in English.
2. About 100 countries Indian software including the U.S., U.K. and other developed countries. So the job is familiar to the Indian experts and the latest global methodologies are also available to them.
3. India has gained confidence of global corporations by exporting high quality brainpower. More than 80% U.S. companies chose India as their most favored destination for outsourcing. It is now an IT superpower.
India offers a number of advantages like
1. Outsourcing (website design includes graphic, logo and flash design and development, SEO and more) through reduced cost, best available quality, latent high technology skills, reliability and innovations helps to stay competitive
2. India offers an industry with maturity, world-class system and quality.
3. Availability of state of the art technology for complete solutions. Turnkey projects from simple data entry to complex projects are outsourced.
4. Applications include -
- e-Commerce.
- Business Process Re-engineering.
- System migration
- Maintaining Legacy Systems.
- System integration.
Government of India has declared IT as one of its top five priorities. A national taskforce submitted its 108-point action plan to promote IT in the country. The Govt. of India has accepted its recommendation and is in the process of implementing them. India now has a separate Ministry for Information Technology. Its main function is to expedite matters relating to approval of IT projects, their implementation and streamlining the regulatory process.
India is one of the few countries of the world to have laws relating to Information Technology and Intellectual Property Rights. Information Technology Act, 2000 has brought e – commerce within the purview of law and has accorded stringent punishments to Cyber Criminals. This has established that India is a serious player in the IT arena at par with most of the developed countries.
Moreover, world-class infrastructure and various incentives and concessions have been made available at STPIs (Software Technology Parks of India) to encourage foreign investment and promote software development in India. 100% foreign equity is permitted and approved under the automatic route by powers delegated to the Director of STPI with tax holiday up to 2010. A convergent network is being developed by intertwining of the ISP, telecommunication, VSAT, cellular and networking sectors. India’s large business houses and public sector undertakings are working together to provide greater bandwidth availability.
A buoyant economy of a more than 50 years old Democracy is always a good sign. In terms of investment potential, India has been ranked third in Asia after China and Japan by the Export Import Bank of Japan. So India is clearly a promising destination for outsourcing.
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Feb 14
Organisations that outsource are seeking to address the following issues:
Cost savings: The lowering of the overall cost of the service to the business. This will involve reducing the scope, defining quality levels, re-pricing, re-negotiation, cost re-structuring. Access to lower cost economies through offshoring called “labor arbitrage” generated by the wage gap between industrialised and developing [...] [...more]
Posted: under Outsourcing.
Tags: expertise, knowledge, Outsource, quality, risk management, talent
Organisations that outsource are seeking to address the following issues:
Cost savings: The lowering of the overall cost of the service to the business. This will involve reducing the scope, defining quality levels, re-pricing, re-negotiation, cost re-structuring. Access to lower cost economies through offshoring called “labor arbitrage” generated by the wage gap between industrialised and developing nations.
Cost restructuring: Operating leverage is a measure that compares fixed costs to variable costs. Outsourcing changes the balance of this ratio by offering a move from fixed to variable cost and also by making variable costs more predictable.
Improve quality: Achieve a step change in quality through contracting out the service with a new service level agreement.
Knowledge: Access to intellectual property and wider experience and knowledge.
Contract: Services will be provided to a legally binding contract with financial penalties and legal redress. This is not the case with internal services.
Operational expertise: Access to operational best practice that would be too difficult or time consuming to develop in-house.
Access to talent: Access to a larger talent pool and a sustainable source of skills, in particular in science and engineering like India where you can easily find the skills in Science and engineering.
Capacity management: An improved method of capacity management of services and technology where the risk in providing the excess capacity is borne by the supplier.
Catalyst for change: An organisation can use an outsourcing agreement as a catalyst for major step change that can not be achieved alone. The outsourcer becomes a “change agent” in the process.
Enhance capacity for innovation: Companies increasingly use external knowledge service providers to supplement limited in-house capacity for product innovation.
Reduce time to market: The acceleration of the development or production of a product through the additional capability brought by the supplier.
Commodification. The trend of standardising business processes, IT Services and application services enabling businesses to intelligently buy at the right price. Allows a wide range of businesses access to services previously only available to large corporations.
Risk management: An approach to risk management for some types of risks is to partner with an outsourcer who is better able to provide the mitigation.
Venture Capital. Some countries match government funds venture capital with private venture capital for startups that start businesses in their country
Source: Outsourcing wiki
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