 | | |
Price Comparison
| | Magna has a well defined model for its outsourced project development process using a combination of onsite, offsite and offshore processes. This combination offers high quality, cost-effective service to clients who also benefit from the significantly lower costs of offshore services combined with local project management.
Project Scope : An application system to enable the complete monitoring of the available inventory with order automatic order placement facility/ features. -
Providing information relevant to the Inventory -
Processing the various requirements of the sales departments -
Providing product details like model number, Item type, quantity etc -
Provide inventory available information and generate dispatch details/bill of lading -
Selecting vendors/factory location from where to obtain the product if not available in the Inventory -
Generating purchase order along with the dispatch details, price & delivery etc -
Generating various reports to facilitate management decision-making | 
| The Savings | | On Site | Off –Site (In USA) | Off Site (In India) | | Expected Time Frame | 24 weeks | 22 to 23 weeks | 22 to 23 weeks | | Estimated Cost of Project | $300,000 | $270,000 - $285,000 | Around $180,000 | | Resources | Client’s premises, hardware, software & Hired Consultants | Magna Resources & Consultants | | Project Administration and other over head | Day-to-Day Involvement of clients project manager / managers and other staff. | Administration will of Magna Team | | Time savings | Nil | 5%-10%. This saving is possible due to the availability of knowledge Pool - with varied experienced brainpower at one place, sharing their knowledge & skills periodically. | | Effective Costs | $375,000** | Around $255,000 | $ 162,000- $171,000 | | Savings as % of Budgeted Cost | --- | 15% | 43% to 46% | | Savings as % of Effective Cost | --- | 32% | 55% to 57% | ** This is about 25% more due to the partial cost of client's premises/hardware/software, overhead costs and other hidden costs. | |
