Source:newspostindia.com

Technologies, the global IT services arm of Wipro Limited [NYSE:WIT], and Nortel* [NYSE/TSX: NT], a global leader in communications capabilities, have won the “Best Offshore award” in the distinguished 2007 Outsourcing Excellence Awards for its 16 year old relationship.

A pioneer of offshore development in India, Nortel opened India’s first offshore telecom R&D development centre with Wipro in 1991. Wipro currently provides end-to-end design, system integration, consulting, software release management and support for Nortel’s carrier and enterprise product lines.

Receiving this award is an honor for both Nortel and Wipro” said Ravi Chauhan, Managing Director, Nortel, India. “The award recognizes our abilities to work in a complex and competitive environment that expects high value performance on an ongoing basis. Together we have established a winning offshore relationship and a global award such as this goes to prove that we have been successful in creating a benchmark for this industry.”

“This joint award highlights the strong collaboration that Wipro and Nortel have enjoyed over the past 16 years,” said Jeff Townley, Chief Procurement Officer, Nortel. “Wipro’s robust processes, extensive knowledge, R&D expertise and product engineering skills have helped Nortel to develop and deliver advanced telecommunications solutions. “Nortel was a pioneer in developing offshore relationships and this partnership has helped Wipro evolve as an integrated service provider and an acknowledged leader in the telecom and product engineering services space added Jeff Townley

Ramesh Emani, President, Wipro Technologies said, “The Wipro - Nortel partnership is truly unique. Nortel is a pioneer in developing the capabilities of Indian companies in the telecom engineering space. Today we have built a 360-degree engagement model ranging from high-end research and product development to product sustenance, back office services, system integration and services. This award is a tribute to 16 years of partnership in achieving notable business outcomes on a global scale”.

The Outsourcing Excellence Awards recognize the world™s most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider by Everest Group.

The prestigious award was presented at the 2007 Outsourcing Excellence Awards ceremony, which held in New York on 8th August 2007.

To the unversed, outsourcing projects can appear quite complex, as they involve a wide variety of unified tasks and require participants from nearly all areas of an organization. The first implementation is a significant learning experience to all involved, as few internal projects have the same scope, with the added variables of an external vendor and an international destination.

Outsourcing and globalization of manufacturing permits companies to cut costs, benefits consumers with lower cost goods and services, do economic expansion that cut backs unemployment with additional productiveness and line of creative activity.

The benefits of outsourcing should be considered in deciding whether outsourcing can take care of all problems or not? Common benefits include:

• decreased labor costs,
• access to industry experts,
• Flexibility in scheduling and
• Increased man power.

Outsourcing lets you have the benefit of best work from a large pool of highly skilled programmers at competitive rates. The difference of rates can vary from 50 to 75 % less than what it would cost normally. Don’t doubt that lower in cost would mean low in quality too. In fact, you would get better quality at a lesser price. Outsourcing lets you have a brilliant chance at getting more passionate and dedicated people. Due to the competition in outsourcing market the clients are able to get timely delivery of their projects.

With so many benefits, outsourcing is a viable solution to many software problems. Your dilemma regarding the question to outsource or not, can be resolved by comparing the costs of outsourcing to the benefits of outsourcing.