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Offshoring as a service (OaaS) is a business model in which the offshore office is not owned by the entity itself, instead it is outsourced to a vendor. The concept of offshoring is not new; however, in the past, some companies have tried to open their own offshore offices. The OaaS model leans towards utilizing a team or company which specializes in offshoring work and uses them on a contractual basis as a part of their own team.
Offshoring provides several benefits to medium and small scale businesses by reducing operational costs and providing capability to sustain downturns in economic cycles.
It is crucial for companies to either invest in a robust management structure in offshore or find a trusted partner to effectively leverage offshore teams. Offshoring provides several benefits, for example:
Offshoring can have its own challenges like communication and cultural issues, high turnover rate, lack of effective management, physical proximity, etc. It is crucial for companies to either invest in a robust management structure in offshore or find a trusted partner to effectively leverage offshore teams. Choose a company that:
Intellectual capital is the result of mental processes that form a set of intangible objects that can be used in economic activity and bring income to its owner (organization), covering the competencies of its people, the value relating to its relationships, and everything that is left when the employees go home, of which intellectual property (IP) is but one component. It is the sum of everything everybody in a company knows that gives it a competitive edge. The term is used in academia in an attempt to account for the value of intangible assets not listed explicitly on a company's balance sheets. On a national level, intellectual capital refers to national intangible capital (NIC).
ISO 14000 is a family of standards by the International Organization for Standardization (ISO) related to environmental management that exists to help organizations (a) minimize how their operations negatively affect the environment ; (b) comply with applicable laws, regulations, and other environmentally oriented requirements; and (c) continually improve in the above.
A public utility company is an organization that maintains the infrastructure for a public service. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.
In the field of finance, private equity (PE) is stock in a private company that does not offer stock to the general public. Private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.
Information management (IM) is the appropriate and optimized capture, storage, retrieval, and use of information. It may be personal information management or organizational. IM for organizations concerns a cycle of organizational activity: the acquisition of information from one or more sources, the custodianship and the distribution of that information to those who need it, and its ultimate disposal through archiving or deletion.
Concurrent engineering (CE) or concurrent design and manufacturing is a work methodology emphasizing the parallelization of tasks, which is sometimes called simultaneous engineering or integrated product development (IPD) using an integrated product team approach. It refers to an approach used in product development in which functions of design engineering, manufacturing engineering, and other functions are integrated to reduce the time required to bring a new product to market.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is an organization that develops guidelines for businesses to evaluate internal controls, risk management, and fraud deterrence. In 1992, COSO published the Internal Control – Integrated Framework, commonly used by businesses in the United States to design, implement, and conduct systems of internal control over financial reporting and assessing their effectiveness.
A purchasing cooperative is a type of cooperative arrangement, often among businesses, to agree to aggregate demand to get lower prices from selected suppliers. Retailers' cooperatives are a form of purchasing cooperative. Cooperatives are often used by government agencies to reduce costs of procurement. Purchasing Cooperatives are used frequently by governmental entities, since they are required to follow laws requiring competitive bidding above certain thresholds. In the United States, counties, municipalities, schools, colleges and universities in the majority of states can sign interlocal agreements or cooperative contracts that allow them to legally use contracts that were procured by another governmental entity. The National Association of State Procurement Officials (NASPO) reported increasing use of cooperative purchasing practices in its 2016 survey of state procurement.
Operational risk management (ORM) is defined as a continual recurring process that includes risk assessment, risk decision making, and the implementation of risk controls, resulting in the acceptance, mitigation, or avoidance of risk.
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity, is a measure for an organisation or company, a process, an industry, or a country.
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets and to intangible assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner.
Governance, risk management and compliance (GRC) is the term covering an organization's approach across these three practices: governance, risk management, and compliance.
The 528th Sustainment Brigade (Airborne), 528th Sustainment Brigade (SO) (A), or 528th SB (SO) (A) was activated on 16 December 2008, as part of the overall United States Army Special Operations Forces logistics transformation. The brigade replaced the Special Operations Support Command (Airborne) (SOSCOM) as combat service support and combat health support unit for all Army Special Operations Command (USASOC) units under the 1st Special Forces Command (Airborne).
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.
An integration competency center (ICC), sometimes referred to as an integration center of excellence (COE), is a shared service function providing methodical data integration, system integration, or enterprise application integration within organizations, particularly large corporations and public sector institutions.
Venture debt or venture lending is a type of debt financing provided to venture-backed companies by specialized banks or non-bank lenders to fund working capital or capital expenses, such as purchasing equipment. Venture debt can complement venture capital and provide value to fast growing companies and their investors. Unlike traditional bank lending, venture debt is available to startups and growth companies that do not have positive cash flows or significant assets to give as collateral. Venture debt providers combine their loans with warrants, or rights to purchase equity, to compensate for the higher risk of default, although this is not always the case.
Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.
Dana Energy, headquartered in Tehran, Iran, is a well-established private company that operates within various sectors of the energy industry, with a rich history spanning over two decades. The organization has consistently demonstrated its commitment to creating value through increased productivity, operational excellence, innovation, and a redefined role for private entities in Iran.
The United States Army Information Technology Agency (ITA) is one of the administrative service organizations aligned under the Office of the Administrative Assistant to the Secretary of the Army (OAA). OAA has three fundamental functions. The primary mission of the organization is to provide direct support to the Secretary of the Army and other Army political appointees. The second mission is to provide administrative support to the Headquarters, Department of the Army (HQDA). The third mission is to provide base operations support to a diverse group of Army and Department of Defense (DoD) customers. OAA is organized into four major divisions: the U.S. Army Resources and Programs Agency (RPA), the U.S. Army Headquarters Services (AHS), the U.S. Army Information Technology Agency (ITA), and the U.S. Army Center of Military History (CMH). These divisions support OAA primarily in areas of IT, logistics, training, and human resources support.
D2iQ is the leading provider of enterprise-grade cloud platforms that enable organizations to modernize, innovate, and achieve agility by deploying an open-source, cloud-native, intelligent Kubernetes infrastructure. A cloud-native pioneer, D2iQ has more than a decade of experience building some of the world's largest cloud deployments, characterized by state-of-the-art automation, ease of management, security, and reliability across cloud, on-premise, hybrid, and edge environments.
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