Outsourcing decisions play a pivotal role in supporting any industry in meeting their strategic objectives. Through outsourcing, corporate can address the following strategic objectives:
Efficiency - as a lever to release costs through economies of scale and labor cost.
Effectiveness - Simplify transactional & administrative tasks, allowing a focus on value-added activities to promote their core business.
Risk Management - Spread operations across locations to maintain business continuity and help reduce dependency on specific economies.
Agility - Gain access to standardized, scalable and specialized solutions to reduce time .
Service Quality - Gain access to well trained, specific talent and processes to establish domain specialization.
Cost Saving - Through efficient and effective sourcing significant potential cost is saved (approx 45%) by moving identified administrative task to outsourcing model.