From beginning to Present
The story behind outsourcing can be defined in a way that many decades before most of the companies expanded their businesses by purchasing other companies. Initially, suppliers were partly involved in barter purchasing system then it was started among all the companies. Only motives worked behind every idea. But as the time period moved on this strategy began to collapse because of major increase in number of purchased companies. It resulted in loss and the companies approached back to their major business concerns.
Then after careful consideration and got proper idea from the last experience, companies discovered that they can assign their core functions to other companies. They found it more proficient than performing it from their own. The first outsourcing work tags were payroll processing, shipping, manufacturing, collection of funds, customer relations, staff benefits etc.
It is not like that if every entity is moving towards to outsource their different tasks to the third party or any other reliable company just to get the credit of being outsourced. To enhance the value in the business circle and depict others that we are actually generating that much amount of funds. We are able to assign our certain tasks to third party. But in fact, it has become the need of the day to think on the other side of the benefits available while having the facility to outsource our business concerns.
When avail the outsourcing facility for the right reasons, it will actually help your company to grow more and save money as much as possible.
The following are the most suitable reasons to outsource the relevant business tasks:
- The overhead costs of certain back- office functions are recorded performance extremely high. To reduce the overhead costs you can use the outsourcing facility.
- For most complicated back- office functions which cannot be properly handle or manage by the company due to limited resources and keep it at the consistent cost is another reason to outsource.
- If you have outsourced your minor business concerns, you will get proper time to refocus those activities which are important without compromising over quality and services.
- Those operational costs that are getting out of control can be considered for outsourcing.
- Outsourcing is much reliable over seasonal and cyclical demands to continue the process with additional resources.
- For providing a level of continuity to the company, outsourcing will be useful. On the other hand, it will reduce the level of risk.
- Outsourcing will bring people with the skills you need into your company.
Outsourcing in Pakistan
Pakistan is going to be recognized as the destination of IT outsourcing, recent report explained the following reasons about exclusive growth of outsourcing in Pakistan:
- Approx 133,000 workforce of qualified and competitive IT Professionals.
- IT Professionals’ skills are growing at phenomenal rate of 20,000 per year.
- Currently 110 (One hundred and ten) ISO – certified IT companies are working in Pakistan.
- Providing reliable digital telecommunications infrastructure and backup support.
- Providing reliable energy and transport networks.
- Making remarkable attraction for international investors.
- Offering lucrative domestic opportunities to international clients.
- Progressively improving risk rating.
- Providing reliable and intellectual property protection.
- An ideal government regulatory process is in progress.
- Utterly attracting international leaders to locate their development and consultancy centers in Pakistan.
Valuable Approach
It has been proved that outsourcing is making sense for all those companies that want to work more efficiently and less expensively. It is highly cost effective. Competitive companies are providing their services to many clients at lower prices. Both the companies are making their perfect alliance and growing their profit rates.