What is Smartshoring?
Smartshoring is a business strategy that combines the benefits of outsourcing and insourcing. It involves outsourcing certain tasks or functions to a third-party provider while keeping other tasks or functions within the company. The idea behind smartshoring is to leverage the cost savings and other advantages of outsourcing while maintaining control and oversight over key functions.
The advantages of smartshoring include:
- Cost Savings: Outsourcing certain tasks or functions can lead to significant cost savings, as companies can benefit from lower labor costs in other countries.
- Access to Specialized Knowledge and Expertise: Outsourcing can provide companies with access to specialized skills and expert knowledge that they may not have internally.
- Increased Efficiency: Smartshoring can lead to greater efficiency, as companies can focus on their core competencies while outsourcing non-core functions.
- Flexibility: Smartshoring allows companies to be more flexible, adjusting the balance between insourcing and outsourcing based on current needs.
- Maintaining Control and Oversight: Smartshoring enables companies to retain control and oversight over key functions while benefiting from the advantages of outsourcing.
Team Expansion
Team expansion is an excellent example of smartshoring in the software industry, where FERENDIN offers this service. Through team expansion, companies can add nearshore developers to their local team to quickly respond to project challenges without hiring additional local resources.
Cost-Efficiency
By using nearshore teams or individual developers from FERENDIN, companies can obtain high-quality software development services at competitive prices.
Specialized Expertise
Companies can access specialized expertise, which may be difficult to find locally, by collaborating with FERENDIN’s nearshore teams specialized in specific technologies or industries. We bring experience in diverse fields such as insurance, banking, IoT, logistics, e-commerce, entertainment, and healthcare.
Scalability
Companies can easily scale their development teams according to project requirements, turning to nearshore resources without long-term commitments.
Risk Management
Smartshoring allows for risk distribution by diversifying geographic locations, thereby protecting against local events.
Agile Teams and Agile Collaboration
Smartshoring facilitates flexible and agile collaboration between local and nearshore teams, accelerating development cycles and better adapting to changing requirements.
FERENDIN has embraced agile practices since its inception, and our specialists are well-trained and experienced in agile working methods and procedures.