The Sourcing market is estimated to grow
tremendously in the coming few with an increasing
number of companies
planning to outsource the products from offshore
destinations. Also the number of companies providing
outsourcing services is on the rise, thus resulting
in larger variety. Due to the fact that more
and more companies are outsourcing, the risks
are getting smaller as businesses have
more experience and clearer objectives.
There are several marked advantages of outsourcing:
1. Concentration on core business areas
Back office operations of a company require
high maintenance and specialized attention.
Yet most of them are critical for the company's
everyday activities. By outsourcing their back
office operations businesses can concentrate
on their core competencies while their back
office operations are being managed smoothly
by a specialized third party company.
2. World-class technology at lower rates
Investing in new technology is very costly and
often risky. As the technology market develops
rapidly, it is difficult to keep up with latest
innovations and solutions. Thus outsourcing
to companies that have the resources, expertise
and desire to continuously update their technological
solutions, offers a true advantage of outsourcing.
3. Skilled manpower at affordable prices
Outsourcing gives a company the ability to get
access to skilled and trained man power at extremely
low rates. This in turn leads to an increase
in productivity as well as cost savings. By
outsourcing a company saves on recruitment,
training and other human resource costs it would
otherwise have to maintain internally. Also
an advantage of outsourcing is that a
company is able to utilize the kind of expertise
it could not internally provide.
4. Increased productivity
By employing skilled manpower in larger numbers
at lower costs companies can really increase
their productivity. This in turn would result
in better customer satisfaction and increased
profitability.
5. Beat Competition
In today’s fast paced global economy a
company needs to provide high-quality services
to its customers in order to retain them, as
well as provide the services for cheap prices.
Outsourcing in this case can help the company
maintain lower rates with better service solutions,
thereby giving them a better market position
or even a competitive advantage.
Sourcing
from India is one of the most popular step of
management today. Although it is generally supported
by the cost reduction factor, this is just one
of the reasons companies outsource to India. Mostly
foreign compaines do not know that India Companies
provide value addition by improving productivity
and quality. Already many companies are outsourcing
with quality rather than cost in mind. Several
companies are motivated by the vast talent pool
in India and not necessarily the cost cutting
aspect.
India has a mature industry with world-class systems
and quality. Not only does India offer technological
agility, flexibility, time-to-market and a competitive
advantage, it also offers world-class infrastructure
and numerous incentives for foreign investments.
India is emerging as a global brand when it comes
to superior quality but also in manufacturing
which has so far been considered China's strong-point.
India stands out as a leading market for Industrial
Products, Engineering Products & Industrial
Chemicals. India has high tech facilities and
the good infrastructure that is required for setting
up. Also the endless pool of English speaking
workforce that provides good quality voice based
services for extremely low costs results in huge
savings for companies.
The majority of outsourcing contracts are moving
to India, even though countries like China or
Russia are offering better rates in some of the
services. The dollar buys a lot in India and companies
in the USA are saving billions of dollars by outsourcing
their non-core operations.
The Main
advantages of Sourcing from India:-
| 1. |
Cheap
Cost to Sourcing. |
| 2. |
A Contractual
Job. No need to appoint the staff on
your company's pay role |
| 3. |
Low cost
of quality products from a reputed Indian
manufacturers |
| 4. |
Enhance
your profitability by sourcing from
India. |
| 5. |
As India
is emerging a big global market so there
is adequate opportunities to sell your
products |
Sourcing
with GIRS
Successful companies are often faced with personnel
shortages, which may be caused by several factors
such as a new product launch, increased customer
service demands, debt collection, etc. Certainly
it would be ideal for a company to simply hire
a new management team and personnel, but economics,
space requirements and time considerations required
to implement these changes could be the difference
between a successful project and a failed one.
Therefore it is better to outsource the entire
new project as it:
» Lets you focus on
core business only
» Reduces capital costs of infrastructure
» Improves employee satisfaction with
higher value addition jobs
» Makes best use of competitive resources
available worldwide
» Reduces Recruiting Expenses
There are two
phases of sourcing. In First Phase we conduct
sourcing from India & China. We move to China
if we do not find the Product in India or Cheaper
than India but looks to be good or equal in quality.
Phase-I
(Market Survey, Inviting Quotations etc)
- As per your request
for Sourcing we conduct a market research.
According to your list of Sourcing Product
we search the market and list the manufacturers
of that required product.
- Short list the manufacturers
according to their quality standards (whether
they are ISO standards company or not), on
the basis of Specifications of the product
(to be approved by you) if you give your specs.
etc.
- Inviting and follow up
for complete quotations from the short listed
manufacturers mentioning CIF or FOB Price
in US dollar, payment terms, validity, product
specs. etc.
- Sample collection (if
required) and to be sent to you at your own
cost.
- All the price quotations
are sent to you.
- During sourcing time frame
we keep sending the Process Report to keep
you updated.
- Price negotiation on the
behalf of our foreign principles.
- We keep the record of
this market survey, quotations and procurement
so that if next time you want it to get done
by us you will have to pay less amount to
us for this job.
Phase
-II (Procurement & Dispatch) only in India
- For procurement, visit
the manufacturers at their site.
- Supervision of product
packing, ensure the dispatch in set time frame.
- Process the dispatch information
by mail and courier.
Note: Although
we try to give correct data and ensure quality
but if client gets deal unsatisfactory or not
as per your expectation then we are neither accountable
nor responsible. We believe in transparency.
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