Outsourcing in Bangladesh [leasingexecutive]

Outsourcing in Bangladesh [leasingexecutive]

Biman Bangladesh Airlines is the flag carrier airline of Bangladesh. Its main hub is at Shahjalal International Airport in Dhaka, and also operates flights from Shah Amanat International Airport in Chittagong, earning revenue from the connecting service to Osmani International Airport in Sylhet. Biman provides international passenger and cargo service to Asia and Europe, as well as major domestic routes. It has air service agreements with 42 countries, but only flies to 16. The airline was wholly owned and managed by the Government of Bangladesh until 23 July 2007, when it was transformed into the country's largest public limited company by the Caretaker Government of Bangladesh.The airline's headquarters, Balaka Bhaban, is located in Kurmitola, Dhaka. Created in February 1972, Biman enjoyed an internal monopoly in the Bangladesh aviation industry until 1996. In the decades following its founding, the airline expanded its fleet and destinations, but it was adversely affected by corruption and mishaps. At its peak, Biman operated flights to 29 international destinations as far away as New York City to the west and Tokyo to the east. The airline has suffered heavy financial losses, and has a reputation for poor service because of regular flight cancellations and delays caused by its ageing fleet. For safety reasons, some of Biman's long-haul aircraft have been banned in the United States and the European Union. Annual Hajj flights, transporting non-resident Bangladeshi ...

leasingexecutive.blogspot.com Biman Bangladesh Airlines - Tribute 2009 Dc10 & Fokker F28

The KASB Finance Limited has agreed to acquire around 99.99 percent of the issued shares of Sigma Leasing Corporation Limited, subject to necessary re. ... Heavy rains, landslides kill 94 in Bangladesh ... Business & Economy · Industries & Sectors ... KASB to acquire 99.99 percent shares of Sigma Leasing

Outsourcing: An Emerging Sector

What Is Outsourcing

Outsourcing is the process by which an organization contracts with another individual or company  to avail services that they specialize in.

According to the recent concern- the ability of businesses to outsource to suppliers outside the nation, sometimes referred to as offshoring or offshore outsourcing.

Outsourcing can be divided into several types. Such as: Business Process Outsourcing (BPO), Knowledge process outsourcing (KPO), Information Technology Outsourcing (ITO), Legal process outsourcing (LPO), Research Process Outsourcing (RPO), Human Resource Outsourcing (HRO).

Major Sectors in Outsourcing: Call center outsourcing, Data entry (online & offline), CAD (computer aided design) services, 2D drafting services, 3D animations, Graphic  designing, Designs and analysis for industrial and residential buildings, Coding and billing services in different sectors, Web service, IT outsourcing, Conversion of paper drawing in a digitized format and so on.

Top Countries for Outsourcing:

Countries for outsourcing are ranked depending on several factors such as â€" Cost, People skills and Availability, Business Environment etc.

Some leading countries that provide outsourcing services are: India, China, Philippine, Singapore, Bangladesh and many more.

Most of these countries are developing countries or countries of emerging economics because of the availability of labor at a relatively low cost than the developed countries though high-cost Singapore is one of the top countries because of their high quality service.

Reasons of Outsourcing

Get Access to Specialized Services: By outsourcing an individual or a company can access to professional, expert and skilled services in functions that may not be their core competency.

 

Cost savings: By outsourcing one can access to lower cost economies generated by the wage gap between industrialized and developing nations.

 

Increased Efficiency: With outsourcing an organization can experience increased efficiency and productivity in non-core business processes.

 

Focus on Core Business :By  outsourcing non-core activities will allow to spend  more time to concentrate refocus on the core business processes Improve quality: Through contracting out the service with a new service level agreement the quality of the task can be improved.

 

Capacity management: outsourcing improves the method of capacity management of services and technology.

 

Risk management & Continuity: Outsourcing will provide a level of continuity to the company while reducing the risk that a substandard level of operation would bring to the company.

 

Tax Benefit: Some countries offer tax incentives to move manufacturing operations to counter high corporate taxes in another country.

 

 

Reduced Overhead: The extremely high overhead costs of performing a particular back-office function can be minimized by consider outsourcing for those functions that can be moved easily.

 

Creating leisure time: Offshore outsourcing can help to save both time and effort. It helps individuals to optimize their work-leisure balance.

 

Staffing Flexibility: In outsourcing an individual or a company is allowed to have seasonal or cyclical demands to bring in additional resources when needed and release them when the operation is done.

 

 

Develop Internal Staff: Outsourcing can be used to off-load less interesting works, or to handle peak loads. This leaves staff free to pursue new, developmental opportunities.

 

Makes Faster Delivery to Customers: Outsourcing helps to make faster delivery to customers because the task is done by a more efficient and better team.

 

 

Improve Customer Satisfaction: With timely deliveries and high-quality services through outsourcing may impress the customers.

 

Benefit from Time Zone Advantages: Outsourcing to in south or south-east Asia has a time zone advantage. For example, while it is night in USA, day in Bangladesh or India. This enables the work to be completed much faster and gives the business a competitive advantage. Help to Gain a Competitive Edge: Outsourcing can give the business a competitive advantage by increasing the productivity in all the areas of business.

Why Several Countries Provides Outsourcing?

Now-a-days outsourcing is a vigorously growing sector in several countries. There are several reasons behind this, such as â€"

1. Outsourcing increases the employment opportunity in a wide range.  This is very encouraging and beneficial for the third world countries, developing countries and countries in transition to solve their unemployment problem. A nice saying is ‘Outsourcing is better than Foreign aid'

 

2. Outsourcing providing is a great source of earning foreign currencies, which is a very positive factor in developing the economic condition of a country.

 

3. Through outsourcing a country can use its manpower, resources and other facilities in a productive way.

 

4. Outsourcing helps to develop the skills of the workers.

 

Bangladesh in Outsourcing:

Though India, Singapore, China and some other countries in Asia are in top positions for outsourcing provider, Bangladesh is becoming more popular day by day. There are several reasons behind this. Such as:

Low production cost than other countries such as India and China Availability of manpower Low cost for establishing infrastructure Environment friendly legislation Relatively low tax rate than other countries Availability of necessary skills A friendly cultural fit and adaptability Friendly employment law Data and intellectual property security

Graphic Design Outsourcing in Bangladesh:

Graphic Design is an increasing field for providing Outsourcing services in Bangladesh. A good number of Graphic design service providers are now established and the number is increasing day by day.

Bangladesh have many talented, skilled manpower but facing unemployment problem. Bangladeshi people are very hard working and due to unemployment problem here, it is possible to hire an Expert Designer in a relatively low cost.

Clippingimages.com as your Graphic Design Outsource:

Clippingimages.com is one of the world-class Bangladesh based Graphic Design Service provider since June, 2004. As Clippingimages.com is situated in a low labor cost region, they can serve their global clients with the very Best Quality in competitively Low Cost. 

We are working on Powerful workstations, set our infrastructure in the most flexible way using all latest technology in both software and hard ware.

Our designers are capable to perform any kind Photo clipping Tasks, masking tasks, design related tasks and also File conversion as our client demand. We allow File format in PSD, , EPS, JPEG, TIFF, GIFF, PNG and many more.

 

Find More Outsourcing in Bangladesh Articles

Question by ewu_parvez: How many leasing and finance company in Bangladesh? Best answer for How many leasing and finance company in Bangladesh?:

Answer by reza.com
would-you-please-reply-my-question? http://answers.yahoo.com/question/index;_ylt=As.bBBfxep8XJXhNoGlySW_sy6IX?qid=1006021206887

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