NearshoreAs opposed to offshoring, nearshore outsourcing or nearshoring is the practice of outsourcing services to companies located in countries near the United States such as Canada, Mexico and other Latin America countries. Outsourcing to nearshore countries offers lower pay rates while still offering high education rates and convenient operating hours similar to those in the States. Many companies leverage nearshore development as part of a global outsourcing strategy where both nearshore and offshore vendors are used to create a 24/7 working environment. Nearshore software development works very similar to offshore software development (eg India) in that very specific instructions and requirements are pivotal to project success, as is vendor partnership and daily communication with project teams. IT departments who focus on vendor partnerships, communication, and quality requirements for nearshoring have experienced significant cost reductions in staffing and project budgets. Nearshore teams can also be used for support centers such as IT support call centers. Nearshore vendors are also much more likely to provide resources who speak English. Many companies provide nearshore consulting and offshore consulting services and can calculate expected return on investment and benefits from outsourcing. | Business Process ManagementBusiness Process ManagementBusiness Process Management Terms Automated Decision Engine Automated Decision Engine Terms Document Imaging Document Imaging Terms Key Performance Indicator Key Performance Indicator Terms Process Mapping Process Mapping Terms Return on Investment Workflow Automation Workflow Automation Terms Disaster RecoveryDisaster RecoveryDisaster Recovery Terms LogisticsGPS LogisticsGPS Logistics Terms Logistics Logistics Terms Marketing and SalesSocial Networking SitesBlogging Blogging Terms Customer Relationship Managment Customer Relationship Management Terms Email Marketing Email Marketing Terms Search Engine Optimization Search Engine Optimization Terms Social Networking Social Networking Terms Viral Marketing Viral Marketing Terms Project ManagementProject ManagementProject Management Terms Request for Proposal Requirements Gathering Requirements Gathering Terms Software and Database DesignDatabase DevelopmentDatabase Development Terms Information Silo Nearshoring Nearshoring Terms Offshoring Offshoring Terms Software Design Software Design Terms Software Development Software Development Terms Web Site DesignCommercial Off-the-ShelfCommercial Off-the-Shelf Terms Content Management CMS Content Management CMS Terms Extranet Extranet Terms Intranet Intranet Terms Web Site Design Web Site Design Terms |