Outsourcing is a practice in which an individual or company performs tasks, provides services or manufactures products for another company -- functions that could have been or is usually done in-house. Outsourcing is typically used by companies to save costs.
Outsourcing is a common trend in information technology and other industries. Businesses outsource for services that are seen as intrinsic to managing a business and serving internal and external customers. Products, such as computer parts, and services, such as payroll and bookkeeping, can be outsourced. In some cases, the entire information management of a company is outsourced, including planning and business analysis as well as the installation, management, and servicing of the network and workstations.
Reasons for outsourcing
In addition to saving on overhead and labor costs, the reasons companies employ outsourcing include improved efficiency, greater productivity and the opportunity to focus on core products and functions of the business. Furthermore, more companies are looking to outsourcing providers as innovation centers. According to Deloitte's 2016 outsourcing survey, 35% of respondents said they are focused on measuring innovation value in their outsourcing partnerships.
Insourcing vs. outsourcing
The term outsourcing often refers to offshore outsourcing, or the practice of exporting work outside of the United States to companies in less-developed countries, where there tends to be lower labor costs. However, outsourcing is not always the most effective way for companies to save costs. Insourcing, or assigning tasks to people or departments in-house, is sometimes more cost-effective for businesses than hiring outside staff or companies. The term insourcing is sometimes used to refer to employing the U.S.-based subsidiaries of foreign global corporations, a practice also referred to as onshore outsourcing or domestic outsourcing.
We are doing outsourcing by completely giving training on:
• Embedded Systems
• Matlab(Image Processing,Signal Processing)
Rays Technologies Pvt Ltd (Rays) is one of the largest global outsourcing IT consultants in India that is trusted by banks, government departments, and public utilities, among others. Businesses can strategically outsource their entire IT department to SanDisk, Huwaei, Continental who can take care of infrastructure, payment systems, trading systems and more. They currently have more than 800 active customers from multiple industries.
They offer the following services in India;
- IT Services
- IT Infrastructure Services
- Enterprise Solutions
- Business Process Outsourcing
- Business Intelligence and Performance Management
- Engineering and Industrial Services
- Small and Medium Business – SMB
They service the following industry verticals;
- Banking and Financial Services
- Energy, Resources, and Utilities
- Healthcare and Life Sciences
- High Tech
- Retail and Consumer Packaged Goods
- Travel, Transportation, and Hospitality