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:-
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Cheap Cost to Sourcing.
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A Contractual Job. No need to appoint the staff on your company`s pay role
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Low cost of quality products from a reputed Indian manufacturers
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Enhance your profitability by sourcing from India.
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As India is emerging a big global market so there is adequate opportunities to sell your products
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Sourcing with G-PAP Industrial Resources & Services
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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