Wednesday, June 04, 2014

Importance of Business Process Outsourcing

Before going into an in-depth detail about outsourcing, let’s clear it here that the concept of outsourcing is not new at all, but the term dates back to the 1970s, when enterprises started outsourcing some subordinate processes of their businesses to outside forces.



Did outsourcing work well at that time? The answer is yes, it did well, and the practice of outsourcing started getting popular across boundaries. With the passage of time and success stories of outsourced business processes, companies got into the culture of outsourcing major parts of their business processes. Today, it can be easily noted that big corporations as well as mid-level companies outsource 50% to 60% of their business content to outside firms.


Outsourcing


It is worth-mentioning that most of the large organizations outsource half of their IT operations, while some other prefer outsourcing their all back office operations including IT, HR and accounts. Chances are in the near future all business functions would be outsourced because currently companies are outsourcing different horizontal and vertical business units. The cross functional approach adopted to follow a process horizontally across a company is called as Business Process Outsourcing (BPO).


With the emerging trend of business process outsourcing, it is no more only a method of sharing your responsibilities with outside sources, but it has become a strategic move. Big organizations do not even hesitate quoting business process outsourcing as the secret behind their business success.


How BPO Contributes in the Success of Company?


The answer may need long detail, logical back up or evidence; while keeping it short and simple it can be noted that there are two major parts of every organization namely, administrative functions and strategic planning.


Administration functions contribute in running, monitoring and management of all business units. Be it finance and accounts, human resources function, production team or IT support all these are part of administrative functions. Tough schedules, project deadlines and meeting stress and all other business functions, take focus away from strategic planning that result in static business position. It means that a business keeps on running smoothly, but it does not show growth because companies lack focus on strategic planning.


Secret behind success of most big corporations is that they outsource all efficient processes and keep core focus on strategic planning for the company. They keep on expanding their visions and targeted goals and then formulate strategies to achieve those goals and keep growing in the competition.


The JLC Group provides diverse service portfolio for business outsourcing, including but not limited to:


1)      Marketing & Corporate Sales Strategy


2)      Brand Awareness


3)      Public Relation Consultancy


4)      Social Media Campaigns


5)      Corporate Sponsorships


6)      Competitive Analysis


7)      Strategic Partnerships


8)       Corporate Web Design and Development and more



Importance of Business Process Outsourcing

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