How do you evaluate the risks and benefits of outsourcing or automating some of the processes?
Business process re-engineering (BPR) is a method of redesigning and improving the way an organization performs its core activities. BPR aims to increase efficiency, quality, customer satisfaction, and competitive advantage by eliminating waste, redundancy, and errors. One of the key decisions in BPR is whether to outsource or automate some of the processes that are not core competencies or value-adding activities. Outsourcing and automation can offer significant benefits, but they also entail some risks and challenges. How do you evaluate the trade-offs and make the best choice for your organization?