With growing consumer demands for new products, a large majority of companies are thinking about outsourcing engineering services to India, and thereby increasing their engineering capability. If your company is at such crossroads, you may be wondering about the pros and cons of outsourcing engineering services.
The pros
- A compressed development cycle: When you outsource engineering services, you will have an expert team of dedicated professionals who will be at your disposal. This will drastically shorten your development cycle of new products, thus providing you with fast and cost-effective results.
- Better operational efficiency: By outsourcing product development to an engineering service provider, you can save on fixed assets, engineering resources and the rising cost of labor. This will leave you with enough finances to invest into your core competencies.
- Access to value add services: At times, you may find that the development of a product requires value-add services like software development to finish up a project or the development of firmware to help in the development of a specific hardware. Instead of again hiring additional resources, you can enjoy such value add services by outsourcing.
- Flexibility: By outsourcing the engineering and design of a product, you can utilize the extra time and energy to improve and develop your core competencies. Outsourcing can give your company the much needed flexibility that it deserves.
