Top Industries for Outsourcing

On July 21, 2011, in Outsourcing, by Business Development Group

 With outsourcing emerging as the leader in the new global economy, the questions that most industries are facing is how to position themselves for the growth to come.With outsourcing emerging as the leader in the new global economy, the questions that most industries are facing is how to position themselves for the growth to come.

In order to stay viable in the atmosphere of today’s fierce competition companies need to focus completely on their core operations. The major advantage of outsourcing assume professional manpower, cutting-edge technologies and cost-effectiveness.

Moreover outsourcing helps companies to stay flexible in making decisions and be able to immediately change specific operations and processes according to the current situation and requirements at hand.

In study conducted by the International Association of Outsourcing Professionals (IAOP) proves that outsourcing is indeed a phenomenon that can encountered virtually in every industry.

The commonly outsourced industries are the following;

1) Business Process Outsourcing (BPO)

 – Claims processing

 – Check image processing

 – Procurement processing (requisition to checks)

 – HR-benefit administration

 – Legal-litigation support

 – Data mining

2) Knowledge Process Outsourcing (KPO)

 – Capital market analysis

 – Legal – Copy right management

 – Vendor analysis

 – Medical payment assessment

3) Information Technology Outsourcing (ITO)

 – Applications development and enhancement

 – Monitoring data network

 – Data center operations management

Definitely, outsourcing gives the ability to maintain lower rates with better services, thereby giving businesses a competitive edge and stay ahead in the competition. Outsourcing gives companies the opportunities to reach heights, they would not achieve without it.

Read related article:Outsourcing – Fullest Advantage

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2 Responses to “Top Industries for Outsourcing”

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