Services / BPO OUTSOURCING
In this day and age, outsourcing of product development is extremely common. Generally an enterprise opts
for outsourced product development for any or all of the following reasons;
Acquire expertise; outsourcing provides you with a team of experienced professionals having the right expertise to expand a product as per your specifications. Building an internal development team otherwise would require full time involvement from the management leaving little time to focus on core activities
Manage costs; outsourcing helps minimize costs involved in the development of products including employee costs such as salary, taxes, benefits, overhead expenditure on office space, desks, computer, training, software and hardware tools, supporting costs on information systems, management, human resources, payroll, etc.
Manage risk: you face lower financial and operational risk because your investment in infrastructure is lower. You avoid risk costs such as downsizing costs including severance pay, legal support, etc.
Save time; you have more time at your disposal to focus on other core activities such as marketing and selling
Flexibility; since you do not own the engineering team you can easily downsize or close the project anytime