A lot of people don’t fully understand the meaning of Business Process Outsourcing, also known as a BPO. In fact, most companies are outsourcing something.
So, what does BPO stand for? What does it mean?
Business Process Outsourcing is a technical term used to describe a form of outsourcing where businesses delegate one or more of their business processes to another company. BPO can also be applied to the drayage trucking industry along with plenty of other Supply Chain links.
These processes, tasks or services can be back office or internal functions such as Billing, Order Creation, Recruiting, equipment Control and much, much more. They can also be front office functions such as customer support, sending out rate quotes, track and tracing.
Cost reduction is not the only reason businesses outsource. Here are 5 other benefits of BPO.
Advantages of our Company
1. Highly Skilled Labor
When you’re outsourcing, you can give a process or a tasks like one of our Virtual Drayage Specialist that has highly skilled resources, and are experts in their field. This way, you can get the best results from the tasks you assign to them. What’s more, they have years of experience catering to customers in specific fields.
2. Higher efficiency
BPO companies such as the Drayage Specialist have experience in the drayage trucking industry and much more. This makes them perform at the highest level, adopt best practices and know the importance of a shipments details. Therefore, they have greater productivity and are highly efficient.
You might also like: How To Build An Offshore Drayage Specialist Team
3. Focus on core business functions
Most businesses, especially terminals, find it difficult to handle secondary backend tasks. Using a BPO can help you transfer non-core processes like admin, giving you more time to focus on the main business activities.
4. Save on Infrastructure
When you outsource, you don’t have to set up a big office space and invest in it unnecessarily because the BPO company or already has their infrastructure created in multiple countries.
5. Global expansion
If your business decides to service an overseas market, some activities that require local market knowledge, national law expertise, or fluency in a foreign language can be assigned to a BPO company. This helps in boosting efficiency and quicker expansion.
To sum it all up, BPO involves contracting operations and business responsibilities to the third-party service providers. This usually happens to reduce costs, increase efficiency, increase flexibility, scalability and business continuity.So, whether you’re looking to reduce on backend overhead costs, improve service and vendor relations, or optimize processing, there are a number of ways the Drayage Specialist company can help you. Drayage Specialist is a business staff outsourcing company starting with a heavily neglected industry in trucking, Drayage.
Get in touch today to speak to a project manager. Let’s build a team of Drayage Specialists for your project. Click here to get started.