Synergy Extreme United Kingdom

Your extreme services provider.
  • Company News
  • Local News
  • Outsourcing News
  • Technology News
  • Uncategorized
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • January 2010
  • July 2009
  • May 2009
  • April 2009
  • March 2009
  • January 2009
  • October 2008
  • September 2008
  • July 2008
  • June 2008
  • April 2008
  • March 2008
  • August 2007
  • July 2007
  • June 2007
  • January 2007
    Outsourcing in the global economy

    Advance  Technology and Innovation in the field of Information Exchange supported the Globalization of economies that triggered massive changes in the way trade and business were carried out in the new era. The business outfits are redefining their strategies to accommodate benefits of advanced technology in search of cost advantage and efficient management of work processes.

    The outsourcing defines as ” an arrangement whereby a third party provider assumes responsibility for performing information systems functions at a pre-determined price and according to pre-determined performance criteria” Over the past few years, the outsourcing trend has gained rapid momentum.  About the concept of transferring work processes to external parties in pursuit of low cost of operations and efficient handling of resources, the organizations are rapidly adopting it.  The opportunity to cut costs and boost productivity is the essential advantage that this strategic concept provides.

    To realized in terms of reduced cost of operations owing to comparative lower wages, expertise in specified work process, increased productivity and improved focus on business operations is the primary benefit of outsourcing.  There is a specialized work departments for expanding the multinational companies and business units to handle each segment of work. The flow of information establishing well-defined channels of workflow wherein it focuses on increasing the productivity and enhancing the work quality.  For the better quality of work, the channelization of work processes ensure it.  It helps minimizing errors and risks.  To improvise and innovate on the existing work technique, the staffs get attuned to specific work processes that enable them.

    To the third party vendors, the outsourcing IT operations has become a common strategy for most companies. The external parties perform the same function that the Information Technology department performed in-house. This involves outsourcing of the company’s computer operations, the network operations and any of the Information Technology function to an external service provider.

    In the Information Technology sector, it increase the volumes of work and expanding the client base is one of the primary reasons for outsourcing work processes.  The multinational banks like HSBC, American Express BANKIK, Citibank and others outsource their process is like the credit card billing, follow-ups, collection and client build-up through various outsourcing agencies located in developing countries like the India and China.

    There were pros and cons attached to this debate since it is a reality that the globalization has extended opportunities and it focus to the developing and under-developed economies.  The outsourcing debate has been centered on the fact that employment opportunities was being shifted to emerge economies that provide low wages to similarly qualified people.

    It is very challenging issue with most companies who are forced to raise the salary levels as a result in the high rate of attrition.  It is no longer cheaper to outsource to some locations and outsourcers need to re-think their business strategies to maintain their profit margins.

    The outsourcing not only improved the lives of the people in these countries due to increased employment opportunities, better pay packages resulting in the higher standards of living.  However, in the reality the growing outsourcing industry has made it highly competitive and companies are offering attractive salaries to retain their workforce.  Our company provides the best skills and ability because of the help of the outsourcing strategy.