Offshore outsourcing facilitates the effective utilization of the skill set, capital, technology and resources globally at quantifiable cost savings.
A lot of the outsourcing hubs are currently in developing areas of the world, simply because there are specific resources available from here that are low cost and plentiful. Due to the socio-economic factors influencing these regions, they have become known as low cost nations. This difference creates an opportunity for a business in the US or UK to spend less and gain more, while the resource providing business is also adequately compensated.
Outsourcing is not new for the country like India. It was started dates back during 1960s. Business Process Outsourcing (BPO) is the long-term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value. BPO saves precious management time and resources and allows focus while building upon core competencies. After BPO, India has now set its sights on becoming a global hub for knowledge process outsourcing (KPO). Knowledge Process Outsourcing (KPO), a new terminology is evolved for the business related to the patents and intellectual property.
Outsourcing is not only here to stay, but is going to expand as competition becomes even more fierce.
Rigel networks is an Outsource Software Development company, provides Custom Application Development, Application development outsourcing, E-Business Consulting, Software Product Development, E-Business Outsourcing, Offshore Outsourcing and Outsource Software Development services.
A lot of the outsourcing hubs are currently in developing areas of the world, simply because there are specific resources available from here that are low cost and plentiful. Due to the socio-economic factors influencing these regions, they have become known as low cost nations. This difference creates an opportunity for a business in the US or UK to spend less and gain more, while the resource providing business is also adequately compensated.
Outsourcing is not new for the country like India. It was started dates back during 1960s. Business Process Outsourcing (BPO) is the long-term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value. BPO saves precious management time and resources and allows focus while building upon core competencies. After BPO, India has now set its sights on becoming a global hub for knowledge process outsourcing (KPO). Knowledge Process Outsourcing (KPO), a new terminology is evolved for the business related to the patents and intellectual property.
Outsourcing is not only here to stay, but is going to expand as competition becomes even more fierce.
Rigel networks is an Outsource Software Development company, provides Custom Application Development, Application development outsourcing, E-Business Consulting, Software Product Development, E-Business Outsourcing, Offshore Outsourcing and Outsource Software Development services.
