Offshore Outsourcing is the modern business approach of outsourcing / assigning some of its commercial activities to expert offshore companies in order to fetch better quality, cost and technical excellence than what is available domestically.
"Hire rather than own expertise" is the concept behind Offshore Outsourcing Model. Rather than spending money on developing and maintaining certain non-core activities, businesses can outsource them to offshore experts and get quality work at much lower price.
Gartner, one of the world's largest research and analysis organization, has predicted that total global offshore spending on outsourcing IT Services will reach $50 billion by 2007. The report has also mentioned that emerging countries like India, China, Brazil and Russia possess required capabilities in terms of labour, technology and infrastructure to undertake IT related outsourcing activities successfully.
Benefits of Offshore Outsourcing Model
Offshore Outsourcing Model offers businesses multiple benefits in terms of Cost, Quality and Technical Excellence. Here are some of the noticeable benefits of Offshore Outsourcing Model:
India RIM Company
Realistic cost savings of about 40% as compared to onshore or domestic markets. (Source - Ventoro Research Report)
designing South Delhi India
Quality Product Delivery by offshore companies using their expertise, extensive domain knowledge and implementation of Matured Execution Models in their processes. (Source: NASSCOM)
Reliable development company
Technical Excellence offered to clients by capitalizing on quality Human Resource, robust infrastructure and domain related Research and Development (R&D).
india Link Builder provider
Maximum time benefit by leveraging the time difference between service provider and service requester.
Product development company
Reduced project cycle by implementing globally recognized Project Management systems in their operational activities.
Banner development services
Operational Flexibility by quickly adapting to changes in business requirements.
Offshore search engine
Better finance management through clearly defined financial obligation and reduced cost.
outsourcing directory submission
Improved competitiveness since offshore companies deliver quality services at affordable rates.
Outsourcing IT directory
Renewed focus on company strategic plans by outsourcing certain non-core business operations to offshore companies.
Indian BPO firm
Exposure to new markets by making alliances with offshore companies and taking business to unexplored areas.
How Offshore Outsourcing Model Works?
As mentioned above, Offshore Outsourcing Model is based on "Hire rather than own expertise" concept. In other words, businesses prefer to outsource/transfer their non-core activities to offshore companies who are experts in their working domains.
By doing this, businesses get expert services at low cost as compared to the domestic market. Besides, businesses also get more time to concentrate on their growth plans that they might have spent in maintaining these activities.