Outsourcing is contracting with outside consultants, software houses or service bureaus to perform IT operations. Outsourcing is here to stay. Outsourcing IT services will dramatically accelerate in the years to come. Outsourcing leads to opportunities and benefits in terms of productivity, prices, profits and wages for various Stakeholders. Outsourcing is a natural evolution of how the global marketplace operates today and follows successful waves of economic transformation in the past.outsourcing epitomizes the quintessence of true globalization, with services being provided where they can most efficiently and economically be produced and delivered where they are most needed and valued, is a reality that is fast becoming a permanent feature of the global economic context. The opportunities that it offers
to otherwise less advanced economies to deploy their intellectual and knowledge skills for profit and the collateral anxiety that it has triggered in advanced economies where real competition from the developing world has never been a palpable reality, represents a fundamental challenge to the global village. This report provides a comprehensive picture of the true nature of this trend.
Off shoring describes the relocation by a company of a business process from one country to another or its a moving business process to a lower cost location. Off shoring can be seen in the context of either production off shoring or services off shoring. outsourcing are all related to offshore outsourcing, which implies that a third-party service provider takes over the business and IT process and runs them based on service-legel agreements in various countries.Offshoring is taking off like a mainstream business. Many businesses will turn to off shoring as a way to boost profits. Total offshore Outsoucing market is now 1470 billion dollar,and day by day this market is increasing dramatically.
In shoring, which means picking services within the Bangladesh,And total inshoring market is 133 million dollar.
Smart shoring means picking the “best shore” based on various criteria and dimensions
Business Process Outsourcing (BPO) refers to outsourcing arrangements when entire business functions (such
As IT, call centers, payroll, human resources and customer service) are outsourced. The growth of services in offshore outsourcing is linked to availability of reliable and affordable communication Infrastructure with available resources. With this paradigm, it was possible to shift the actual delivery location of to low-cost locations in a manner theoretically transparent to end users.
Bangladesh is the best place for outsourcing destination.On the basis of World recognised Gartner corporation report mention about Bangladesh,cause low labour cost.So its a huge advantage of our country.
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