NearShore’s Engineering Services are designed to help companies with long lifecycle products protect their profit margins through sustaining engineering. Through a team enhancement approach, NearShore improves return-on-engineering (ROE) by shortening the time to deliver cost savings, incremental innovations, and aftermarket services. NearShore teams work diligently through sustaining engineering project backlogs.
Product lifecycle management is a complex interplay of customer buying habits, procurement, sourcing, supply chain management, production, and engineering investment to name a few. If spending on engineering is too high it can seriously erode margin. If it is too low, then nothing gets done, small teams are spread thin, project backlogs grow, customers become unhappy, and profit margin opportunities are lost. Oftentimes getting sufficient engineering talent for sustaining engineering projects is difficult to find, has high turnover rates, or is met with budget constraints.
It often makes sense for companies to have a partner focused on sustaining engineering. As of the time of this article (August, 2020) NearShore has logged more than 1.5M hours of service to MedTech and HiTech clients in sustaining engineering. All of that work has been applied to clients’ core products and services.
The NearShore business model is fashioned from our mission statement: ADD VALUE. We are here to be a great long-term partner. We build teams and configure custom labs dedicated to your business goals. We are in the same time zone and easy to work with. Our retention rate is very high (93%), so knowledge retention of your products, services, tools, and methodologies remain intact for the duration of our partnership. Our engineers create and maintain relationships throughout your organization to facilitate a fast path of accomplishment. Our partner success and professional services delivery models guarantee alignment with your goals, visibility, and provide constant defensible justification for choosing NearShore as your sustaining engineering partner.
NearShore Technology is a US-based firm with engineering resources in the US and Mexico. Mexico graduates 300% more STEM students with BSc degrees than the US. Unlike the USA, which has more demand for engineering talent than supply, Mexico has a surplus of resources looking for meaningful careers in high tech industries. Our business model is attractive to clients and to employees. It matches the supply-demand requirements of the USA and Mexico engineering market. This model, coupled with our focus on people and culture, results in mutually beneficial long-term success.
Engineering work requires hardware and labs, and sometimes includes work with regulated products. NearShore works with regulated and non-regulated products. Our offices and labs in Mexico are registered with COFEPRIS, the medical device regulatory body of Mexico. We often import and work with regulated medical devices and have a well-defined process for acquiring medical device import permits and managing the import process, customs clearance, and on-site management of client property. NearShore makes these logistics look easy.
Many times, our clients are looking for a sustaining engineering partner but only have OEM’s, very specialized engineering design firms, or far away choices that present time-distance challenges to choose from. OEM’s tend to be more interested in selling components and assemblies since that is their core business, not providing sustaining engineering services. Specialized engineering firms tend to focus on very narrow design or analytical capabilities. Far away options tend to shift costs from engineering to management due to the complexities of creating and maintaining an effective working relationship at-a-distance. NearShore Technology builds custom teams and labs dedicated to your specific needs for long term partnership in your time zone.
Although protecting profitability is key to sustaining engineering, NearShore’s value extends beyond that. Our value includes all of the intangible aspects of a good partnership such as: communication, transparency, cultural alignment, and accountability. We want to have a long-term positive impact on our clients’ lives, businesses, and core products/services. We want our employees to be proud of the impact they make on Society through working with you. Our culture is built around people; clients, employees, and our community.