Business Information Outsourcing: A Comprehensive Analysis

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BUSINESS
INFORMATIO
N
OUTSOURCI
NG
Student ID: -
Student Name: -

ABSTRACT: -
Today the Business information outsourcing is the strategy
that is responsible for the technological advancement and
increasing efficiency in work by providing a set of work that a
company is not able to do efficiently to the third party group
who are specialist in the particular work. if the third party is
based outside the country the outsourcing is known as
offshoring as the outsourcing provides global approach to the
company. In India the outsourcing industries are increasing
day by day and has became a large area of investment.

INTRODUCTION: -
An agreement in which a company or an organisation hires third
party that is highly skilled a particular work or having good
experience for the same for doing the same kind of task for the
organisation to increase efficiency in work and it leads to
decrease in the setting cost, technological cost, labour cost etc.
this is practices all over the worlds now a days and due to having
a great advantage of outsourcing that is global approach the
third party can be from any past of the world.

REASONS FOR CHOOSING OUTSOURCING: -
1) For obtaining skills, technologies, expertise etc.
2) For increasing the flexibility in work.
3) For the improvement of operating performance.
4) For reducing investment and costs in assets.
5) For improving image and credibility.
6) For expanding the capacity.
7) For acquiring of new and innovative ideas.
8) For the acceleration of business expansion.
9) For increasing service and product value

INFORMATION OUTSOURCING ADVANTAGES : -
1) Global approach in outsourcing
2) Skills and experience
3) Compensational costs
4) Cost of infrastructure
5) Saving the costs associated with project
6) Security of property
7) Language and education capabilities
8) Cultural similarities and adaptability
9) Availability of labour force
10)Exchange rate becoming favourable

INFORMATION OUTSOURCING
DISADVANTAGES : -
1) Loss in the controlling of project
2) Increased outflow of cash
3) Security and confidentiality
4) Supplier selection
5) Service provider dependency
6) Loss of moral problems and staff
7) Time consuming
8) Needs time for providers to understand new strategy
proposed
9) Language barriers may be a big issue

OUTSOURCING IS AVAILABLE IN FOLLOWING
AREAS: -
1) Accounting Outsourcing and Finance
2) Call centres and BPO
3) IT solutions / Information Technology industries
4) Manufacturing
5) Procurement Outsourcing
6) Human resource management
7) textile

TYPES OF OUTSOURCING FROM ORGANISATIONAL
PERSPECTIVE: -
1) BPO or Business Process Outsourcing
2) KPO or Knowledge Process Outsourcing
3) LPO or Legal Process Outsourcing
4) RPO or Requirement Process Outsourcing
5) EPO or Engineering Process Outsourcing

OUTSOURCING MARKET DEVELOPMENT IN
PAST YEARS: -

THANK YOU ……