Global Engineering Services: Engineering Service Outsourcing
Globalization has created a multicultural and multinational environment in every business sector. The industrial world is also not left behind. The Engineering services, which makes up for the largest chunk of the industrial sector have also started experiencing the global environment. Engineering services comprises of design and support functions catering to the core functionality of practically every industry that comes under the engineering spectrum such as Computer aided manufacturing and design, Auto designs, failure analysis etc.
The engineering services being a large domain, all core engineering works have accompanying support services. With the advent of globalizations and technology innovations, this industrial sector has also crossed geographical boundaries. Like other traditional business processes, the trend has set in to outsource these engineering services to experts in the field. This paves way for a reduced budgetary investment for the client organizations as well as receive better quality services from domain focused vendors.
The Engineering Services Outsourcing or ESO’s besides delivering global engineering services related to design services around patented products, design specifications or customized requirements of a total engineering solution, also offer engineering consultancy services based on their domain expertise. The concept of outsourcing of the engineering support services has been on for a while now with the assignments outsourced to onshore or near shore vendor and partners. The recent trend has seen these services on a global scale.
An industry segment which started as an offshoot of the legacy IT services, have now matured and established as various engineering service practices such as engineering consultancy services, Plant Automation & Enterprise Asset Management, Advanced Simulations, Prototyping, Styling & Testing, Product Lifecycle & Data Management, Electrical & Electronics Engineering and Embedded Design & Development Engineering. Besides these services, these ESO’s also undertake preparation of production drawings, engineering consulting assignments in its initial phases
The industrial world with its growth pattern in the aerospace engineering services and the oil and Gas engineering service sectors, India and China are benefiting by the demand for Global Engineering Services from developed countries. The consultancy services generally undertaken for these global organizations include Locational suitable study involving in-depth analysis and recommendation for low cost expansion for Global Aerospace majors, expansion strategies for Oil & Gas major through joint venture operations as well as evaluating the feasibility of establishing competent testing centers in the country.
The global engineering services by shouldering the responsibilities across the complete product life cycle, from design to manufacturing support and vendor management, help their clients to reduce product development costs, shorten lead times, as well as extend capacity and maximize the availability of resources.
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