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On the flipside, by building the same team offshore, you can reduce your overall operationalcosts by at least 40-50%. And that’s because the cost of living in countries like India, Ukraine, or The Philippines is significantly lower than in the West. When it all adds up, the numbers can be staggeringly high.
Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.
Getting great value for money Offshore software development is a hiring and engagement model known for its cost-effectiveness. Organisations that go offshore not only reduce operationalcosts but also hire high-quality talent for a fraction of what they’d pay in their home countries.
So, although a company may need to close down an international branch to reduce operationalcosts, remote working options mean talented employees can be retained. There are numerous reasons why remote work is becoming even more popular among employees in 2022, including the ongoing cost of living crisis.
Lower operatingcosts Access to massive talent pools An opportunity to scale at speed Addressing the common concerns about offshore development Quality Security Culture Hiring offshore developers: where to start? Source: World Economic Forum. Some of them include: Lower operatingcosts. Download Ebook.
Understanding Offshore Development eBook. Download Ebook. Source: LinkedIn. Building a dedicated development team in emerging tech nations like India can be very lucrative for your business — you get access to a massive untapped talent pool and significantly reduce your operationalcosts. What is it? Is it for you?
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