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The Basics of Business Process Outsourcing

The idea that businesses should focus on what they do best and outsource non-core functions has been a trend for the past 5 years. Non-core processes cost about 7 to 11% of a company’s revenue. However, businesses have realized that maximizing efficiency in every single department is a costly endeavor. The company may lack the capabilities to become an expert because may need to invest time and effort that the organization may not always be able to spare. For example, investing in the manufacturing department would involve purchasing equipment, hiring employees, or even buying land. All of these would involve an exorbitant tax burden.

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