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Why Philippines |
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The Philippines is now a leading provider of call centers, accounting, human resources and many other BPO services. Procurement is just the next stage. TransProcure is the "pioneer" in BPO Procurement Services and is well positioned to serve a big, untapped market by leveraging the country's unique advantages: |
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• Very competitive labor cost in the Philippines which is about one-fifth of US rates. The workforce is known to be highly motivated with higher than usual wages and thus performs better. |
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• There is a 94% literacy rate and the educational system provides more than 400,000 new graduates each year, of which over half hold IT, engineering, and commerce degrees. A strong curriculum for a 4-year degree course in Procurement & Supply Management is also increasing in many universities, and offerings including C.P.M. certifications are also available to practitioners. |
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• Filipinos are schooled in American English, and their English language skills are second to none in the developing world. |
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• The Philippines shares cultural, business, and legal practices with the US, which allow quick understanding and adjustment. |
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• There is a very good telecommunications and property infrastructure to support extensive outsourcing operations. The rates have become very competitive as well. |
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• The Philippine government has an explicit policy of encouraging outsourcing business in the economy. Fiscal and tax incentives are given to foreign and outsourcing firms. In this case TransProcure offers the best total cost to its customers. |
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