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8 THINGS YOUR COMPETITORS CAN TEACH YOU ABOUT OUTSOURCING DATA ENTRY

For instance, outsourced data entry can pose some security threats and cultural differences. Here is to leaning the top 8 things, competitors can teach about outsourcing data entry.


Data entry needs vary from company to company. Irrespective of the job, the redundancy remains the same. It is often time-consuming and tedious, and carrying the data entry job in-house a business can be painstaking. Hence, the popularity of outsourcing data entry service. To skip the task and save time, businesses often outsource data entry, but then it comes with its own sets of drawbacks. For instance, outsourced data entry can pose some security threats and cultural differences.


They say, learning from own mistakes makes a person resilient. But does it also help in coping up with the loss of time and effort and capital incurred with the error of data entry outsourcing? Maybe not. That said, if you seek to avert the potential shortcomings of data entry outsourcing, you’ve got to learn to do that. And there is possibly no better way to learn from the competitors. 

Here is to leaning the top 8 things, competitors can teach about outsourcing data entry.

1. Tackling the emergency demand

Learning to tackle the emergency when you’re at the edge of a cliff, is a huge thing to do. It can save from several unwanted situations. Data can be more demanding than you know and anticipate. A sudden requirement for quick processing of some delicate data might arise, and you should be prepared to manage the same. To do so, the best option is to choose outsourcing firms what’re apt in tacking any emergency you throw on them, no matter the intensity. This will certainly gain your firm an edge. And if your favorite outsourcing firm can’t provide the same level of instant-action, you might like to choose another firm.

2. Focusing on business activity that is the core

Your firm's name and fame will be directly related to the efficacy in the core business. If the core business gets the full attention of the human resource, it bound to succeed in its performance. But if the human resource is pushed to do repetitive and tiring tasks like entering data, the potential can be messed up to an extent it might put you behind the completion. If you look with some insight, you might find that your competitor firm is outsourcing the data entry operation from some expert service provider and are nudging their expert human resource to the best of their potential.

3. Grabbing the trusted partner that uses the latest tools and techniques

Your competitor firm is probably outsourcing data from a very trusted service provider and there is no reason why you shouldn’t! Go after the best service provider in the market. Not only will it ensure what is mentioned in point no. 1, you are also making sure that the data of your business, that includes a lot of your clients’ data, is on the trusted hands and will be handled with utmost care. So outsourcing firms that use the latest tools and techniques should be your choice.

4. Turnaround time and cost-effectiveness

One of the most important lessons that you’ll be learning from your competitors is that they’ll only choose the service provider that offers them cost-effective service. Since one of the main aims of outsourcing data entry is cost-cutting, this is a very important factor that needs your consideration. In the same way, when it comes to turnaround times, the best firms will have the shortest. This will prevent data-stacking and will yield the best output.

5. Dodging the dikes of culture

Cultural barriers can be hindering to the positive outcomes of outsourcing the data. Have a look and you’ll see your competitor masterfully dodging the cross-cultural barriers that come with externally outsourcing data. Since most of the data outsourcing jobs are done cross-culturally, meaning, professionals work from overseas, this leads to some cultural differences that need to be dealt with. Some of the differences can even bar the workflow. Thus, to avoid such unwanted happenings, it is best to hire professionals, if cross-continental and overseas, who are fluent in English and can communicate with your culture efficiently.

Ex- the Philippines is a highly sought-after outsourcing market for data-entry to the Western countries. This is because Filipinos are fluent with English and can, therefore, thrive in the Western-culture.

6. Skip the herd mentality

Herd mentality refers to the influence of the peers based on emotion rather than rationale. When it comes to data outsourcing, most of your competitor will run after the most prestigious and biggest of the firms. You, for one, might not necessarily run after them. What your idea should be is to grab the niche players offering the lucrative deal, irrespective of the fact that the firm might not be the most prestigious. This way you will beat your competitors which is probably looking for the best data entry service provider.

7. Don’t miss the Serve Level Agreements

To get the best out of your data entry firms you’ve hired, you need to push them to their potential. How? By negotiating them with favorable Service Level Agreement. To do so, ensure you have negotiated the SLA’s before hiring the firm. Lacking favorable Service Level Agreements might hinder your way to getting the best quality services from the outsourcing firm. Thus, before initializing the project, ensure you’ve curated and got it signed by the outsourcing firm for quality control. Most market players fail in this section and you might grab the edge.

8. Choose within time zone

Since data entry can be heavily oversea-based, chances of delayed response and support might be there, owing to the difference of the time-zone. To overcome this, choose outsourcing partner which is capable of offering high-quality services from the same time zone you’re working, or at least a firm that has a dedicated team supporting your time zone. This will make sure there are prompt response and attention to all your work demands.

These were the top 8 things which your competitor is probably doing, so you better catch up, or your competitor isn’t doing, so you better catch up as well. 



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When someone hears the term “manufacturing hub”, China comes to mind. China holds some major competitive advantages over its manufacturing competitors, despite its high wages. But with growing uncertainty from the united states raising tariffs against Chinese manufacturers, it is never too early to consider alternatives of China sourcing.

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 Many manufacturers in Southeast Asia are competing for title of the world’s next manufacturing hub after China. Five top countries often considered as the biggest competitors of China which are India, Malaysia, Indonesia, Thailand, and Vietnam—coined the “Mighty Five” or “MITI-V”.

Each of these alternative countries has its own unique pros and cons. So how do you know which of these countries is best for your relocation of manufacturing? Let’s take a glance at some of the different challenges that importers might experience in each of these sourcing alternatives.

1. Malaysia sourcing

Despite having a much smaller population, Malaysia’s economy is the third-largest in Southeast Asian countries behind India’s and Indonesia’s. It is considered an upper middle income economy, with its openness towards investment and trade, largely credited for its development. In the year 2018, Malaysia exported $284 billion worth of goods.

2. India sourcing

Another country that is commonly cited as an alternative manufacturing location to China is India, owing to its low labor costs and a similarly large labor force. According to a survey, India exported approximately $310 billion worth of goods in the year 2018.

3. Thailand sourcing

The major manufacturing sectors in Thailand include computer components, cars, food processing, and rubbers. In addition to this, Thailand is the second-largest producer of hard disk drives (HDDs) in the world, producing about one-third of all hard disk drives sold. As per the survey, Thailand exported $225 billion worth of goods in 2018,

4. Indonesia sourcing

Indonesia is the second-largest economy in Southeast Asia and also has the fourth-largest population of the world with 269 million inhabitants. The export industry of Indonesia is majorly dependent on agriculture and raw commodities, but it has recently expanded exports of simple manufacturing products. As per the survey, Indonesia exported about $188 billion worth of goods in the year 2017.

5. Vietnam sourcing

Though last on the list, Vietnam is one of the most commonly cited countries as an alternative to sourcing from China. It has become a hotspot due to its young workforce, lower labor costs, and rapidly growing manufacturing exports. As evidence of the growing importance of Vietnam as a China sourcing alternative, the U.S. imports from Vietnam rose about 40 percent in the first three months of the year 2019 compared to the same period in the year 2018. Meanwhile, the United States imports from China fell approximately 13.9 percent.

Conclusion

Southeast Asia provides several sourcing alternatives to China for importers. India, Malaysia, Thailand, Vietnam and Indonesia are just a few of the trending destinations in the region that offer a good competitive advantage over sourcing from China. Ultimately, your decision to shift your manufacturing away from China will depend on your unique sourcing needs and here you can take help from China sourcing company for better clarity about your needs.

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If you are a buyer that is especially sensitive to various factors like value-added taxes or the cost of labor? Or are you planning to have your own factory? These are all queries you may want to ask yourself as you are making a relocation plan and looking for some global sourcing company.

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