- published: 19 Mar 2014
- views: 69583
In business, outsourcing involves the contracting out of a business process to another party (compare business process outsourcing). The concept "outsourcing" came from American Glossary 'outside resourcing' and it dates back to at least 1981. Outsourcing sometimes involves transferring employees and assets from one firm to another, but not always. Outsourcing is also the practice of handing over control of public services to for-profit corporations.
Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to another country). Financial savings from lower international labor rates can provide a major motivation for outsourcing or offshoring.
The opposite of outsourcing, insourcing, entails bringing processes handled by third-party firms in-house, and is sometimes accomplished via vertical integration. However, a business can provide a contract service to another business without necessarily insourcing that business process.
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments of its supply chain.
BPO is typically categorized into back office outsourcing, which includes internal business functions such as human resources or finance and accounting, and front office outsourcing, which includes customer-related services such as contact centre services.
BPO that is contracted outside a company's country is called offshore outsourcing. BPO that is contracted to a company's neighbouring (or nearby) country is called nearshore outsourcing.
Often the business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service.Knowledge process outsourcing (KPO) and legal process outsourcing (LPO) are some of the sub-segments of business process outsourcing industry.
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This video is prepared as a part of project assignment for MGT6640 - Organizational Policy and Strategies. Summary: The focus of this video is about outsourcing company. We briefly discuss about its advantages and disadvantages based on three segments: 1. The Outsourcing Company - How does it work and how they can set policies and strategies that can be both beneficial to the clients and the employees? 2. The Clients - How can they be more involved with the activities within the outsourcing company to improve productivity and efficiency? 3, The Employees - How to improve the procedures and policies of KPI to ensure employees are satisfied and motivated to work? Group 1 members: Mira | Haris | Khairul | Fathy | Khaoula
Outsourcing Freelancing Bangla Tutorial will help freelancer for getting freelancing jobs at upwork and elance. Outsourcing Bangla Tutorial
See the Important Videos: How to make money online http://www.youtube.com/watch?v=kKwWcI3U2XI Who Can do freelancing jobs? What qualification needed for Freelancing? Get the answer! https://www.youtube.com/watch?v=xDHLXtbk5cA Blogging Tutorial https://www.youtube.com/watch?v=VcuvRvZ1GV0 Article Writing Tutorial https://www.youtube.com/watch?v=N-MaKQ-Xp9A What is Niche https://www.youtube.com/watch?v=sTPUj7x9ksE What is Keyword https://www.youtube.com/watch?v=ac35J5KpX7U I’m facing a common question many times, every day and regular. People asking me, how to start freelancing or how to start outsourcing? And related type of question. So, I’ve made a video for these people. If you watch the video, you will have a clear idea of freelancing and outsourcing. You may know: freelancing, ou...
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Que es outsourcing - Descarga la Guia de 8 Tips - http://fabimersan.com/outsourcing/ Muchas personas se preguntan a menudo, ¿que es outsourcing? Parece que de pronto esta palabra se puso de moda y la vamos escuchando más y más en diferentes ámbitos. La primera vez que escuche este término fue cuando estaba en la universidad en EEUU y luego presencie la popularidad de esta práctica cuando empece a formar parte de varias comunidades de emprendedores. La mayoría hacia outsourcing. Poco a poco empece a investigar en que exactamente consistía hasta que después de poco tiempo se fue convirtiendo en una práctica común en mi vida. Entonces… Que es el Outsourcing? El outsourcing es una palabra en ingles que significa la sub-contratación o la tercerización de servicios. Por lo general el outsou...
In Unternehmen kommt es häufig dazu, dass einige Leistungen aus dem eigenen Wertschöpfungsprozess ausgegliedert werden. Dies wird als Outsourcing bezeichnet und im Video erklärt. Kategorie: Short Hier kommst du direkt zum nächsten Video: https://www.youtube.com/watch?v=Li8jOHz_1zI&index;=1&list;=PLrClginNzxmPdP59ceS77hOqiKOi90wrg Checkt auch mal unsere Partner von MLP financify: https://www.youtube.com/MLPfinancify » ALLE KANÄLE Wirtschaft: https://www.thesimpleeconomics.de Mathe: https://www.youtube.com/TheSimpleMaths Biologie: http://www.thesimplebiology.de Physik: http://www.thesimplephysics.de Chemie: http://www.thesimplechemics.de » MEHR VON UNS Twitter: http://twitter.com/thesimpleclub Facebook: http://fb.thesimpleclub.de Alex auf Instagram: http://alex.thesimpleclub.de Nico au...
Outsourcing a part or all of a company's non-core business functions is proven to be an effective endeavor that companies take to leverage a high-value local talent. The benefits are too many to mention, including cost-reduction and improved performance. Learn how you'll benefit from employing a business process outsourcing or BPO providers by getting in touch with us. To know more about outsourcing check this out: http://www.bigoutsource.com/getting-started/why-outsource/
View full post: http://www.onlinemba.com/blog/video-why-outsourcing-is-bad-for-business As countries like China and India become leaders in manufacturing the costs of their expertise rises diminishing their advantage against US counterparts. Adversely, convoluted and increasingly risky supply chains dependent on inexperienced vendors have turned once stable brands like Boeing, into the perfect "reshoring" case study. Like us on Facebook: http://www.facebook.com/OnlineMBAcom Follow us on Twitter: http://twitter.com/OnlineMBA_com
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Bangalore is the centre of the world's IT outsourcing industry, where companies like Infosys help run the back end of many of the world's corporate computer systems. But as other countries catch on to the possibilities of outsourcing, India's entrepreneurs are finding new ways to use India's talent and experience in the field. The FT's James Crabtree looks at how the outsourcing industry is moving beyond software and bringing a wide variety of skilled jobs to India. ► FT Global Economy: http://bit.ly/1J5mmqH ► FT Business: http://bit.ly/1TqmuGb ► Indian Economic Growth in 90 Seconds: http://bit.ly/1SkvxH6
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Bangalore is the centre of the world's IT outsourcing industry, where companies like Infosys help run the back end of many of the world's corporate computer systems. But as other countries catch on to the possibilities of outsourcing, India's entrepreneurs are finding new ways to use India's talent and experience in the field. The FT's James Crabtree looks at how the outsourcing industry is moving beyond software and bringing a wide variety of skilled jobs to India. ► FT Global Economy: http://bit.ly/1J5mmqH ► FT Business: http://bit.ly/1TqmuGb ► Indian Economic Growth in 90 Seconds: http://bit.ly/1SkvxH6
Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Whether it's cars, textiles, food processing or nuclear technology, French products and know-how are known the world over. Supporting national industry is something many French politicians are talking about in this election year. As innovation, technology and robots are now key vectors in the race to stay ahead of the game, some say France has been slow on the uptake when it comes to embracing these new methods. We look at the state of French industry and at its future. Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https...
This video is prepared as a part of project assignment for MGT6640 - Organizational Policy and Strategies. Summary: The focus of this video is about outsourcing company. We briefly discuss about its advantages and disadvantages based on three segments: 1. The Outsourcing Company - How does it work and how they can set policies and strategies that can be both beneficial to the clients and the employees? 2. The Clients - How can they be more involved with the activities within the outsourcing company to improve productivity and efficiency? 3, The Employees - How to improve the procedures and policies of KPI to ensure employees are satisfied and motivated to work? Group 1 members: Mira | Haris | Khairul | Fathy | Khaoula
Philippines Outsourcing Industry becomes simple with http://xurls.in/67l We build custom teams of execs in as little as 1-2 weeks. We’ll recruit, rent, and on-board your employees, who work from one in every of our fashionable facilities in the Philippines - underneath our direct supervision. Your offshore workforce integrates seamlessly with your firm, making it extra efficient, scalable and profitable. Since 2009, we have helped dozens of companies realize large ROI by Philippines Outsourcing Industry. StaffVirtual is an American owned and managed enterprise process outsourcing (BPO) company with workplaces in Los Angeles and Makati, Philippines. We are the key behind the exceptional development of a few of the world’s most disruptive and quickest-rising corporations. Our mission is ...
In this video, Jack W. Plunkett discusses several trends and topics in the Apparel and Textiles Industry. From workers demanding better working conditions in third world countries, to the rise of online clothing stores, you'll get the brief overview of what to expect in the coming years. Find us online: http://plunkettresearch.com http://facebook.com/plunkettresearch http://twitter.com/PlunkettOnline http://www.linkedin.com/in/jackwplunkett Google Plus: http://bit.ly/zcJXg9
In order to grasp better understanding of the outsourcing and offshoring industry, it is vital to first know the different terms and definitions. Jack W. Plunkett, CEO of Plunkett Research, Ltd.™ also explains and discusses the advantages and disadvantages pertaining to the outsourcing and offshoring industry. It seems that language and communication barriers and time zone differences could potentially lead companies to choose nearshoring or reshoring instead. However, it should be noted that one of the main reasons contributing to the rapid growth of offshoring is because of the lower labor, production and distribution costs involved. Find us online: http://plunkettresearch.com http://facebook.com/plunkettresearch http://twitter.com/PlunkettOnline http://www.linkedin.com/in/jackwplun...
WHY THE IT INDUSTRY SUCKS - With outsourcing, It's all over! http://www.computerworld.com/s/article/9248996/This_IT_worker_had_to_train_an_H_1B_replacement This IT worker had to train an H-1B replacement U.S. workers protested job losses to foreign workers by displaying American flags in their cubicles By Patrick Thibodeau This is the story of an IT worker who was replaced by a worker on an H-1B visa, one of a number of visa holders, mostly from India, who took jobs at this U.S. company. Computerworld is not going to use the worker's name or identify the companies involved to protect the former employee from retaliation. For purposes of this story, the worker has been given initials -- A.B. (They're not the person's real initials.) At A.B.'s company, about 220 IT jobs have been lost to ...
Invensis (http://www.invensis.net) is rated as one of India's top ten most promising BPO companies. Range of services include IT (Software Development), Finance and Accounting (F&A;) Outsourcing Services, Back Office BPO (Data Entry and Data Processing Services), Call Center Outsourcing, Healthcare BPO Services, E-commerce Support Services, Corporate Training, and Digital Marketing. Most business processes can be divided into core (this is what you are good at) and non-core (this is what Invensis is good at). In today's global economy, every start up, every organization, every Fortune 500 company, as unique as they are, all have one common objective: to improve processes and cut rising operational costs. Invensis, a global business process outsourcing company, helps you achieve just that...
Wipro CEO TK Kurien sounded bearish about India's $150 billion outsourcing industry. Indian IT companies must change their business models in order to survive, he said. Watch more videos: http://profit.ndtv.com/videos?yt Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer;=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube
INTRO The last decades have witnessed a dramatic development of China's outsourcing industry, and its proportion in the world is also growing. According to ongoing China Sourcing Summit 2015, offshore services outsourcing gained by China's companies have accounted for 30 percent in global market and their international competition has obviously increased.
What is BPO? what is it I do? how do I make the difference? what is the BPO industry? what are my career prospects in the BPO industry? Where can I go from here? Stumped with these questions but don't have the answers? let's present a fresh perspective on what we do! Sanjay Mehta, MD Teleperformance India busting some of the common myths prevailing in the BPO industry.
Bala Girisaballa, Partner & Head at Zinnov Management Consulting shares an interesting perspective of the transforming ‘Engineering Outsourcing Trends & Drivers’ during Embrace+, our customer connect held in Trivandrum.
Last March 3, 2016, EU-Philippines Business Network (EPBN), together with Nordic Business Council of the Philippines (NBCP), conducted a webinar on IT BPO industry in the Philippines. Centered on opportunities available in the said sector, the webinar starts with a market overview and its growth over the years, as presented by Erik Nielsen (President of Global Process Manger Inc.). This was followed by insights on how to build an IT-BPO business Philippines as shared by two entrepreneurs, Uffe Henrichsen (General Manager NNIT Philippines) and Bo Lundqvist (Owner of RSA). The webinar was hosted by Joni Koro, Project Manager at NBCP. For more details about the IT-BPO-Creative Industries in the Philippines, visit http://epbn.ph.
Human Lab Rats (2013): Big pharmaceutical companies are increasingly outsourcing clinical trials to developing countries to create new medicine. Taking advantage of relaxed regulation, it's the world's poorest who are paying the price. For similar stories, see: US Addiction Epidemic Fuelled By Pharma Corporations https://www.youtube.com/watch?v=Zs4vAPnIWxc Cry For Aids Drugs - South Africa https://www.youtube.com/watch?v=i91Z0HtBNGM Why Big-Pharma Fails In Africa https://www.youtube.com/watch?v=17Ysq7XxKRo Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/5975/human-lab-rats Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.c...
India: The Outsourcing of Jobs Discovery Channel 2004 Oh to all, don't take this video upload too seriously as I am not trying to make any statement here (or am I?) This was something in my archives I had recorded from cable TV via some ATI Radeon All In Wonder video card with antenna/cable coaxial RF input with recording software on an old behemoth desktop I built late 2003 and had made a VCD out of it that disintegrated over time (on CD-Rot LOL ). I made copy and showed to an Indian "friend" back then in 2004 or so. Actually, the "friend' named Sri requested I record it otherwise I would have been unaware (or unconcerned) about this documentary. Years later Sri stiffed me out of paying rent, utilities, food, transportation, using my internet, deceived me about his sudden "homelessnes...
Not able to decide whether to Outsource to India or Philippines? In this case study, Blake Morgan a former Google Employee and the CEO of Optimize Overseas LLC, a company which helps local US companies outsource overseas, gives an amazing insight into the outsourcing industry. In this case study, you will learn: Tips for outsourcing when choosing the right outsourcing vendors, working with remote teams and how to outsource effectively. How and why large multinational corporations like Google outsource overseas. Why a former Google Employee believes when outsourcing ‘high calibre & critical work’ you should outsource to India over outsourcing to rather than the Philippines. The difficulties in outsourcing overseas for small to medium sized enterprises. Why VirtualEmployee.com is the...
Outsourcing intelligence is a method by which a country gathers information using non-governmental employees. In the United States of America, approximately 51% of intelligence gatherers are contractors instead of governmental employees. About the book: https://www.amazon.com/gp/product/0743282256/ref=as_li_tl?ie=UTF8&camp;=1789&creative;=9325&creativeASIN;=0743282256&linkCode;=as2&tag;=tra0c7-20&linkId;=09e1c749ec8a6b94ef56192aac930d8f The government of a country may outsource intelligence gathering that may not be obtainable through other means, where the only way may be through human intelligence such as the CIA's National Clandestine Service (NCS). It may mean outsourcing to foreign nationals from a country of interest, they may outsource to private companies as well to gather the specified...
Dean has a full-time job in the Aerospace industry. At the same time he is running a 6-figure side business by outsourcing all the work. What's he doing? - Web development/design - Local Business Marketing To read a summary of this outsourcing case study, just visit:http://www.replacemyself.com/philippines-outsourcing-case-study/philippines-outsourcing-case-study-with-dean-soto