Enterprises operating in the architectural design sector – particularly SMEs working with financial restrictions – are typically under a lot of pressure to lower operating costs while increasing revenue and the scope of their business at the same time. This mounting pressure has led to the quick growth of Engineering Services Outsourcing (ESO) as a cost-effective means of achieving all 3 of these objectives.
An increasing number of businesses across the world are saving time and resources by outsourcing their engineering services to specialist companies like 3Alpha LLC. According to Grand View Research, the global ESO market size was estimated at a staggering $316.78 billion.
Over the course of this blog post, we’ll take a look at some of the most prominent benefits of hiring ESO for businesses.
Significantly Reduced Overhead Expenses
According to market research, engineering servicing outsourcing allows enterprises to achieve a 20% to 30% reduction labor costs, while lowering expenditure on services related to engineering at the same time. The money saved can then be used on other key expenses, such as marketing initiatives and business development.
Access to Sophisticated Technologies
Since outsourcing firms, such as 3Alpha LLC, specialize in delivering cutting-edge engineering services, they tend to use the latest, state-of-the-art technologies. They place a strong emphasis on innovation, and know how technological expertise can be used to gain a competitive edge.
Ability to Allocate Resources and Time to Business Growth
One of the main reasons companies are opting for ESO is because it frees up resources and time that can then be allocated to other critical business operations and tasks, such as quality improvement or the development of new products or services.
Less Commercial Real Estate Required
Another notable advantage of engineering services outsourcing is that it reduces the amount of commercial real estate you require. To run an in-house engineering department, a company requires a significant portion of real estate, not to mention other expenses, such as labor and equipment.
Quicker Turnaround Time on Vital Projects
For most customers who need engineering services, speed is a vital area. Many businesses choose ESO because they need a quicker turnaround time. Outsourcing firms often work round the clock to meet project deadlines, which allows their clients to fulfill the demands of their customers faster than they would if they worked on the project in-house.
3Alpha LLC is a leading engineering services provider, serving clients throughout the world to keep their engineering operations streamlined. Call us today to learn more.