The success of a business venture depends largely on the operations of the core activities of the business. Included in the core activity are the marketing efforts, creation of sales and vital product ideas such as new inventions and innovations. If the company is able to focus more on the core activities, they would be able to expand the business more effectively. To do this, they need to delegate other operations to third party companies. This...more
One of the most basic questions for product outsourcing is when is the right time to go for it? The answer to that is very simple. When the company needs an expertise the company does not currently have, then it is time to outsource. It is also time to consider outsourcing when having internal teams to do specific tasks will prove to be costly, when a fresh approach in product development process is needed and when the company is capable enough...more
Offshore outsourcing or global sourcing is a practice that entails to take advantage of global efficiencies, especially when it comes to production. This will lead to cost reduction, access to world class capabilities, revenue increase and maximizing of internal resources. However, companies should plan product outsourcing carefully first before actual implementation. They might fall to the usual problem of having complex operations instead of a simplified one. The company should know the correct price expended from an outsourced commodity and the total cost of the same commodity in real terms.For professional assistance regarding product outsourcing, seek the help of commodity management teams or global procurement organizations. They have a list of key suppliers of every sourcing category. They will deal with the price negotiation to be able to give the best rate to the parent organization.Even if the organization or company has a personnel already experienced in global sourcing, it will still be best to get professional assistance. There are so many factors involved in the process such as assessing quotes, cost improvement and manufacturing processes. The parent organization...more
The recent recession has taken its toll in every business sector. Jobs were lost, the economic stability of countries affected by the economic breakdown was questioned, houses were foreclosed and poverty loomed in the background. It seemed that bankruptcy is the only option. A lot of companies fought the hard times and the ones that did survive...more
Speaking of outsourcing, most commonly outsourced projects include article marketing, Search Engine Optimization (SEO), Social Media Marketing / Optimization, etc. customer Among these, SEO has to be the number one area outsourcing in the current time online business booming. Most organizations, companies, regardless of their business have their...more
Probably the most crucial thing to forget or to delay or even to circumvent is the payment due the virtual assistant who did work for your company.When your company is thinking about outsourcing, there should always be a set budget made clear to the freelancer, how much you are willing to pay. For example, when browsing for outsourcing sites, they have a set price for a certain number of hours spend on the job. So, when you post a job on the site, those who apply will already see how much you are willing to pay. They will peruse these details and make a bid for the job. Once you hire a freelancer, you have to remember that you have to pay.Going through blogs of VAs and freelancers worldwide, one of the more common complaints are about companies who do not bother to pay on time or at all. Some companies demand so much, are very picky over the details of their instructions and then when the work is submitted, there is no pay. Worse, some of the companies just grab the finished work and totally disappear from the face of the internet. Or, they simply change their company name.What these VAs do is to pass around the name of that delinquent company and if you are the guilty party, you...more
More findings are presented in the Dutch ITO and In-House Software Development Intelligence Report 2010.Factors That Will Drive Future IT Outsourcing Decisions in the Netherlands Revealed By: itsourcingeurope About the Author IT...more
If this is the first time your VA has been hired by your company, expect that they will need to be trained under your tutelage, just like any employee that needs a certain time period to get used to the system that you demand they work under.This is...more
Speaking of outsourcing, most commonly outsourced projects include article marketing, Search Engine Optimization (SEO), Social Media Marketing / Optimization, etc. customer Among these, SEO has to be the number one area outsourcing in the current...more
True, VAs mostly come from countries with different time zones, but that doesn't mean that they should be awake when you are and still remain awake when you are sleeping. VAs are not machines.If your company has a big job and you already have a VA...more
If your company has outsourced some of the work to virtual assistants and they have given your company an increase in sales because of their dedication to giving you exactly what you want, then just like regular employee, think of giving them an...more
With businesses struggling to make ends meet and to stay on top of work load payroll outsourcing is taking on a greater importance. By farming this process out, companies can free up existing team members and employ their efforts in more profitable...more