The term ‘Outsourcing’ is not a new concept. The rationale behind it stems from the fact that if an external service provider can perform a business function faster and at a reduced cost than your organisation, then the strategic thing to do will be to outsource those functions unless they are core to the business. So sourcing out business processes already existed before now but, it was without the interconnected business networks that cut across two or more countries.
The business processes that were outsourced in the past were limited to an organisation’s supply chain, which often involves the production and distribution of goods and services. In today’s contemporary business world, business and technology have become intertwined, such that companies are beginning to transfer non-core, yet critical business processes to a specialised and efficient third-party company in a different country. In some cases, organisations are outsourcing their entire back-office operations like human resources, technical support, customer service, finance etc. to control cost, compete effectively and extend their reach into new markets. Technological developments and networking in industries have therefore facilitated the outsourcing of products and services beyond national boundaries.
In the context of this new normal, the BPO industry is said to have undergone a revolution. It has become an important new force in the global economy. Organisations are increasingly relying on offshore BPO providers for myriad of operations. In fact, having an off-shore team who apply their advanced degrees and technical skills in specialised areas is now the norm. Companies that outsource these core business functions to these agencies, thereby have access to new technology, intellectual and other material resources that would strategically position them for global competitiveness.
The BPO revolution is upon us! The industry has grown and will continue to grow exponentially. Presently, two-thirds of companies worldwide already outsource at least one business process to third-party firms. This growing number of contracts focusing on BPO service delivery clearly demonstrates a belief in its value and the impact on the companies that outsource as well as the individuals who welcome the prospect to work with foreign businesses in their country.
Outsource Global is an example of a truly global business outsourcing company, serving markets in the US, UK, Japan and Nigeria. Its 2000+ staff capacity facility in Nigeria is fully equipped with the latest technology to ensure that partner clients enjoy optimal service delivery.
