Successful offshoring is an agreement in which one company hires another to take responsibility for planned or existing activities that can be carried out internally, sometimes involving the transfer of employees and assets from one company to another.
Offshoring and outsourcing are not mutually inclusive: there can be one without the other. They can be staggered individually or jointly, partially or completely inverted (offshoring).
The First Example Is IKEA.
As an example, first, let’s look at IKEA. In 2013, IKEA Group announced a joint offshoring project with Wincor Nixdorf to build a solution for all cash settlement units in all its branches.
In 2014-2015, Winkniksdorf installed 120,000 POS systems in 300 IKEA stores in 25 countries. The 6-year agreement between them includes the installation and development of POS systems.
The agreement includes the use of points and additional improvements Wincor Nixdorf software-tp.net, which is responsible for all transactions of cash units and collect data from the entire trading network.
With an offshore software provider, IKEA not only reduced the operation of the store but also significantly reduced the cost of deployment and utilization.
The second example of outsourcing represented here is General Electric.
GE decided to establish multiple outsourcing partnerships to discuss successful outsourcing strategies and combine them with GE’s steps to outsource operations in different countries.
GE is a pioneer in many branches of business, including successful outsourcing abroad.
They are one of the first mobiles of their operations, data maintenance departments and low-cost call centers in countries, creating a special cis GE.
Get care offers financial and accounting services, customer verification, e-learning, and business analysis services, outsourcing and software development support to ensure thousands of business processes across 11 GE branches.
With more than 12 million people working at Gecko, you can imagine how much GM saves, just because they work in India, not in the United States.
Another Example Of Successful Offshoring Is American Express.
IBM and its Canadian subsidiary have signed a $700 million 10-year contract with the National Bank of Canada; therefore, IBM Canada maintains the bank’s information structure, including its website and call center. In addition, the partner will join him.
After seven years of outsourcing contracts, IBM, along with American Express, will manage the American Express website, manage the American Express IT network, handle about a billion credit card operations a day, maintain a database and provide technical support to the employees of the company.
We leave new services, product development and customer relationships with American Express.
Other countries have followed these examples by outsourcing the development and implementation of new software, information processing, websites and call centers.
Overall, outsourcing has evolved along the lines of close cooperation between finance and information technology, moving from individual contracts to a broad and mutually beneficial partnership that enriches both parties.
Outsourcing also affects all parts of the business, from manufacturing to design, software development, financial control, logistics management, customer support, and sales.[/vc_column_text]