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Offshoring services - Industry Experts

Offshoring refers to transferring a particular function of your business to a foreign country. Offshore services are one of the most impactful outcomes of globalization. Offshore company services will include the entire gamut of the business process thatu2019s been offshored. This includes, but is not limited to, catering to the manufacturing needs, approvals & licenses, financing requirements, and monitoring end product/service delivery. Industry Experts (www.industryexperts.co.in) has the necessary resources to act as a one-stop-shop for your offshoring requirements.

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Offshoring services - Industry Experts

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  1. Offshoring-ABusinessProcessDecisionThatCanTransformYourBusinessProfitabilityOffshoring-ABusinessProcessDecisionThatCanTransformYourBusinessProfitability Theadventofglobalisationhaswitnessedaparadigmshiftinseveralfacetsofbusinessesworldwide.Ononehand,ithasincreasedcompetitionamongcorporationsthathasaglobalpresence,ontheotherhand,ithasstreamlinednumerousbusinessprocessthatcanbedelegatedtoadifferentcountry. Offshore servicesareoneofthemostimpactfuloutcomesofglobalization. Whatisoffshoring? Inlayman’sterms,offshoringreferstotransferringaparticularfunctionofyourbusinesstoaforeigncountry.Typically,thisisdonetotakeadvantageoflow-costlabourorcheaperorbetterqualityorabundanceinavailabilityofrawmaterialsindevelopingcountries,thusreducingtheoverallproductioncost.Both,theprimarybusinessownersandtheend-usersbenefitfromthisarrangementascompaniesareabletomarketthegoodsateconomicalorbetterprices. OneofthefinestexamplesofoffshoringistheITsectorwithIndiaemergingasthenumerounomarketforBusinessProcessOutsourcing(BPO). Whatistheroleofanoffshoreserviceprovider? Atrustworthyoffshorecompanyshouldhavethefollowingattributes: --Shouldclearlyalignwithyourbusinessgoals --Shouldbeabletoprovideadetailedprojectplanwithtasksbroken intomanageabletimelines

  2. --Shouldprovideperiodicupdatesandsuggestactionplans --Shouldbeflexibleenoughtoaccommodatelogicalchangesasperclients’ needs --Shouldmaintaincompletetransparencywiththeparentcompany --Shouldhavetherequiredexpertiseinyourbusinessdomain --Shouldmaintaindeadlinesascommittedandinvoiceforperiodiccompletionofwork --Shouldkeepallthestakeholdersconnectedandinformedabouttheirrespectiverolesintheentireprocess India’spopularityasanoffshoredestination ThekeyfactorsbehindIndia’sgrowingpopularityasanoffshoringcountrycanbesummarisedthroughthefollowingpoints: --Costreduction:Acheapereconomy,low-labourcost,currency difference,etcallcontributetoproduction. --Availabilityofskilledlabour-population,increasededucation,resultedinaskilledandhealthyextendedhours. bringingdownthetotalcostof consequenttoalargeandyoungandhealthcarefacilitieshaveallworkforcecapableofworkingfor --Adoptionandadaptationofmoderntechnology:Indiaisfastemergingasatech-savvynationopentoadoptingnewtechnologiesacrossawidespectrum. --Encouraginggovernmentpolicies:ThegovernmentofIndiaencouragesexportsandhasintroducedfavourablepoliciesforoffshoring. --Fasterturn-aroundtime:Professionalmanagementofavasttalentpoolensuressuper-fasttime-to-market. Offshorecompanyserviceswillincludetheentiregamutofthebusinessprocessthat’sbeenoffshored.Thisincludes,butisnotlimitedto,cateringtothemanufacturingneeds,approvals&licenses,financingrequirements,andmonitoringendproduct/servicedelivery. IndustryExperts(www.industryexperts.co.in)hasthenecessary resourcestoactasaone-stop-shopforyouroffshoringrequirements.

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