With globalization, the competition between similar products is like never before. The constant need for developing new products while improving existing ones in tight timelines with required quality and innovation sometimes becomes a lot more demanding. As a result, companies think of expanding their team by hiring new talents. But finding a good employee is a long process that consumes time & money apart from adding a new employee on the company payroll. Also, adding new members requires additional infrastructure such as desk, workstation, etc. which further adds to the cost. In this situation, it will be worthwhile to consider outsourcing as an option.
Peter Drucker once said,“Do what you do best, and outsource the rest!”
In simple terms, outsourcing means giving the work to someone who can do it faster, cheaper and better. Large MNC has been doing this for their IT software needs for decades due to lower price services than hiring or developing an in house team. In recent years, mechanical, civil and architectural industries have also joined the trend of outsourcing its engineering requirements to countries like India, China, Vietnam, etc. Especially, India due to factors such as :
- Low labor cost
- Large number of qualified engineers
- High proficiency in English
According to Grand view research, engineering service outsourcing industry will grow at 29.5% year-on-year from 2019 to 2025 due to huge demand from small and medium scale businesses.
BELOW ARE SOME OF THE MAJOR ENGINEERING SERVICE OUTSOURCING BENEFITS
- Improved Focus: Freeing internal resources for core activities helps in improving the company's efficiency.
- Expertise: You instantly get a team of experts in the field to do your work. This increases your chances of success.
- Timeline: Since outsourcing partner focuses on your project with experts, you will get things done much faster.
- Cost: One of the major advantages of outsourcing is reduced cost. Since you have to pay only for the work you are outsourcing and other overheads are bared by outsourcing firm, the incurred cost is much lower.
- Risk Sharing: Since you are partnering with another company, the risks of failures, losses are divided.
- Resource Flexibility: You may increase or decrease your engineering resources as per your business requirements. This avoids the need to hire or downsize your internal employees.
THINGS TO LOOK OUT FOR BEFORE FINALIZING ON YOUR OUTSOURCING PARTNER
- Quality: Outsourcing to a wrong partner who lack technical knowledge or interpersonal skills can result in a lot of drawbacks depending on the situation. So, it is advisable to have a few rounds of meeting with the outsourcing partner and ask them relevant questions to ensure they are prepared to fulfill all your requirements.
- Communication: You would want to make sure the outsourcing partner is clear in their communication as a lot of your work is done offshore and it will be communicated through emails and meeting.
- Responsive: Ensuring the outsourcing partner is agile and flexible to your needs will help in the long run as they will be responsive whenever there is a need to change or pivot the project scope and deliverables.
- Confidentiality: You would want to sign a comprehensive NDA with an outsourcing company to make sure the information you are sharing is properly protected and secured.
- Deliverables and Scope: Ensure written communication is done on the deliverable to avoid any chance of miscommunication.
WHY CHOOSE IMPROVIANS?
Domain Experts: We have an in house team of specialists with required domain knowledge, skills, and experience to get the job done. Their innovation-driven mindset and creativity allow our clients to outpace the competition.
Higher Profits: We transfer the benefits of our low operational cost in India to our clients. This helps them reduce project costs to up to 50%.
Total Team Flexibility: We understand that your resources requirements may vary as per the business needs. We provide complete flexibility to the clients to scale up or down their hired resources as needed.
Dedicated Resources: You can always be sure that the hired specialists from our talent pool are full time employed for your project. That way, undivided attention is given to your project which further improves quality and efficiency.
Zero Risk working process: Improvians recognize that not all service providers are equal and you would want to make sure you are partnering with the right one before signing up. Hence, Improvians provides a free consultation to clients to make the process risk free for you.
In-time completion: Improvians understand that simply being innovative is not enough. We also need to get the product out in a required time frame to stay ahead. Keeping this in mind, we work hard to adhere tightly to your timelines using our project management tools.
Work Culture: Our work culture pushes us to always go above and beyond the client's expectations. We constantly ask 'why' to everything we do and always seek for continuous improvements staying organized and documenting all the lessons learned. Also, we adhere to strict timelines because we know that there is nothing better than being first to the market.
Work Ethics: Being customer-centric is a core value of Improvians and nothing makes us happier than a satisfied client. We operate with complete integrity and honesty in all circumstances. We take the confidentiality of information with utmost sincerity by leveraging our IT setup.
Please reach out to us at sales@improvians.com or+91-8850-693-543 to know more about our services.
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