Are You Taking Full Advantage of Offshoring's Value?

The expanding global economy offers your company a major advantage: translating cost savings from offshoring into explosive new revenue growth.

How to seize this advantage? First slash costs by using offshoring to streamline production processes and supply chains globally. For example, that payments processor you're using in a low-wage environment could hire people to input checks into a computer manually rather than purchase expensive imaging software. Then use the resulting savings to serve customers better. For instance, start providing personalized phone support even to small-account customers.

Turn offshoring's savings into better value for customers, and you fan desire for your products, win new customers, and spur fresh growth.

By washingtonpost.com Editor  |  October 6, 2008; 7:56 AM ET  | Category:  Management Tip of the Day
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