Offshore Services - Industry Experts

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Offshoring - A Business Process Decision That
Can Transform Your Business Profitability The
advent of globalisation has witnessed a
paradigm shift in several facets of
businesses worldwide. On one hand, it
has increased competition among corporations
that has a global presence, on the other hand,
it has streamlined numerous business
process that can be delegated to a
different country. Offshore services are
one of the most impactful
outcomes of globalization. What is
offshoring? In laymans terms, offshoring refers
to transferring a particular function of your
business to a foreign country. Typically,
this is done to take advantage of low-cost
labour or cheaper or better quality or abundance
in availability of raw materials in developing
countries, thus reducing the overall production
cost. Both, the primary business owners and the
end- users benefit from this arrangement as
companies are able to market the goods at
economical or better prices. One of the
finest examples of offshoring is the IT
sector with India emerging as the numero uno
market for Business Process Outsourcing (BPO).
What is the role of an offshore service
provider? A trustworthy offshore company should
have the following attributes -- Should clearly
align with your business goals -- Should be
able to provide a detailed project plan
with tasks broken
into manageable timelines
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-- Should provide periodic updates and suggest
action plans -- Should be flexible enough to
accommodate logical changes as per clients
needs -- Should maintain complete transparency
with the parent company -- Should have the
required expertise in your business domain --
Should maintain deadlines as committed and
invoice for periodic completion of work --
Should keep all the stakeholders connected and
informed about their respective roles in the
entire process Indias popularity as an offshore
destination The key factors behind Indias
growing popularity as an offshoring country
can be summarised through the following
points -- Cost reduction A cheaper economy, low-
labour cost, currency
difference, etc all contribute to production. --
Availability of skilled labour -
population, increased education, resulted in a
skilled and healthy extended hours.
bringing down the total cost of
consequent to a large and young and
healthcare facilities have all workforce
capable of working for
-- Adoption and adaptation of modern technology
India is fast emerging as a tech-savvy nation
open to adopting new technologies across a wide
spectrum. -- Encouraging government
policies The government of India
encourages exports and has introduced
favourable policies for offshoring. --
Faster turn-around time Professional
management of a vast talent pool ensures
super-fast time-to-market. Offshore company
services will include the entire gamut of the
business process thats 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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