Recent Trends in Engineering Service Outsourcing

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Information about Recent Trends in Engineering Service Outsourcing
Technology

Published on March 6, 2014

Author: QuESTGlobal

Source: slideshare.net

Description

In the past few years, Globalization has brought about massive changes in the world economies and also on the industrial segments, especially in the vertical of engineering services outsourcing. Today the demands and engineering needs have lead to the increase in the engineering services outsourcing. Companies involved in engineering services make use of high-end products, technologies and advanced resources so that the final product is cost-efficient, offers quality along with a competitive edge.

Recent Trends in Engineering Service Outsourcing In the past few years, Globalization has brought about massive changes in the world economies and also on the industrial segments, especially in the vertical of engineering services outsourcing. Today the demands and engineering needs have lead to the increase in the engineering services outsourcing. Companies involved in engineering services make use of highend products, technologies and advanced resources so that the final product is cost-efficient, offers quality along with a competitive edge. Well established brands specializing in engineering services outsourcing and their constant initiatives helps the companies to minimize the overall cost of operation and product development. They have their own delivery centers all over the globe that are proactively involved in multiple engineering projects having a global presence. These centers are also accountable for the exporting of managed projects that are targeted at various places internationally. These brands also comprise of their expert project engineers and consultants that work dedicatedly in a team. They are aware of the diverse range of projects that are being managed internally from the designing of civil structures, concept design, industrial products, product realization solution, oil and gas transportation, power generation and many more. In addition to that, these brands also include their own product development network that works towards providing a fast and value-optimized engineering products, services and solutions. Other services offered include the following:• Design and detailing • Manufacturing engineering • Plant and Process • Sustenance engineering • Special Services • Technical Publications • Embedded Systems • Engineering Analysis The various functional benefits that result from these engineering services include the following:• Greater focus is given on core activities • Companies can experience more work force flexibility • Quicker time to market • The production development expenses are minimized to a great extent • Helps in knowledge retention • Companies can shift to a variable cost model

Yet another crucial reason for outsourcing of engineering services is to reduce the functional costs and other related expenses that an engineering enterprise encounters. Other reasons include having access to global engineering solutions and a vast talent pool. For certain firms, such as the aero engine services and others this is also a great scope to extend their network globally. The aero engine segment in the recent past have been outsourcing extensively in terms of machine parts and other aero products, both for the commercial and military aerospace needs. Furthermore, the advanced engineering products usually pass through multiple layers of mechanization and inspection in order to fulfill the demands of their engineering clients. For more information visit - Oil and gas engineering

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