Knowledge Process Outsourcing (KPO)
Reduce delivery time:
Taking the benefit of the time zone, we would be working for the offices in US, UK, Canada even when they have closed their office in the evening. The offices would be working 24 hours for them. The offices would find their work completed at their desk next day morning.
Reduce Manpower Costs:
Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees don`t always live up to your expectations. Outsourcing lets you focus your human resources where you need them most.
Cost-cutting is the major factor to outsource. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of business. Outsourcing can also make your firm more attractive to investors, since you're able to pump more capital directly into revenue-producing activities.
Companies that do everything themselves have much higher research, development, marketing and distribution expenses, all of which must be passed on to customers. An outside provider`s cost structure and economy of scale can give your firm an important competitive advantage.
Focus on your Core Business:
Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more clearly.
How Outsourcing works?
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