Convergence of technologies such as telecommunication, information technology and media has redrawn the landscape of business, where geographical boundaries get blurred and electronic commerce and enterprise systems completely rule the roost. Such a scenario has propelled the demand for off- the –shelf software products and qualified software professionals to handle these functions. Consequently, demand has exceeded supply, and dearth of professionals has increased hiring costs, longer product development cycle and longer time to market.
Most likely, you won’t find required software products and qualified professionals in-house even within your geographical boundary. Outsourcing could be an apt alternative to solve many of your business problems.
There are certain unavoidable reasons that make you realize that you will gain eventually if you use outsourcing as an intrinsic part of your business strategy. You can avail following advantages, if you opt for outsourcing:
Lessen overheads, free up resources
Minimize capital expenditure
Enhance efficiency
Free from non-core functions
Access to pool of specialized skills
Save on manpower and training costs
Trim down operating costs
Speed up development cycle
Build long-term, strategic relationships with world-class service providers
Boost tactical and strategic advantages
Focus on strategic thinking, process reengineering and managing trading partner relationships
Share your risks
Offer the best quality services, products and people
Be reliable and innovative
Provide value-added services
Perk up customer satisfaction
Harness the provider's extensive investments in technology, methodologies and people
Exploit the provider's expertise in solving problems with similar requirements.
Focus sparse resources on time-critical projects
Acquire required project management and implementation consulting expertise, along with access to best practices and proven methodologies
Minimize the risk of technological obsolescence
Extend the reach to more trading partners quickly and efficiently
Ease the overall IT management risk while retaining control of strategic decision making.
Outsourcing is, now, an established management tool for redefining and rejuvenating the business that induces today’s executives to reorient their traditional firm towards a more flexible structure crystallizing around core competencies and building long term strategic outside relationship.
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