Offshoring or Outsourcing – Industry Experts is Proficient in Both
30 Dec 2021
B2B Contract Manufacturing
and Outsourcing are two of the most important methods for driving organisational growth and cost efficiencies. However, not many people are aware of the immense benefits of offshoring.
Offshoring is not the same as outsourcing and it becomes necessary to understand what offshoring entails and how is it different from outsourcing. The definitions that Google provides are complicated and not easy to understand. Simply, offshoring is the process of operating production facilities or services outside the domicile country, whereas, outsourcing is the procurement of products and services through third parties both within the domicile country or outside.
The terms Offshoring and Outsourcing are often used synonymously. However, both are completely different from each other and are beneficial to organisations in rather different ways. India has been ranked top in the list of the countries that provide offshoring and outsourcing solutions. Industry Experts Private Limited, with its panel of sector specialists and domain experts help in creating an effective pattern to successfully set up the manufacturing industries in India - from concept to commissioning.
A wide variety of services like feasibility studies, location identification and selection, land acquisition, product assessment, quality control, banking and finances, registrations etc. are available and offered to ensure that the process does not waver on both timelines and costs. Facilitating international companies through relevant and reliable supplier identification helps in avoiding delays in delivery and reduction of costs ensuring adherence to schedule and overall project outlays.
The business to business (B2B) platform that helps with sourcing from India aims to connect Indian manufacturing organizations to overseas buyers for contract manufacturing include private labelling. Equally necessary and important are vendor selection and management, supplier evaluation, product assessment, pre-shipment inspection etc., all of which ensures an unhindered contract process from procurement enquiry to order dispatch.
With this strong foundation, international buyers and manufacturing organisations benefit by being able to make informed choices intelligently, receive recommendations for feasibility, supplier choice, etc. based on a transparent and clear approach and compliances with all the rules and regulations as required.
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