Adding value to business equations by rightsourcing
Post on 15-Apr-2017
Adding Value to Business Equations byRightsourcing
As companies hunt for ways to enhance their performance, increase business value, grow
profits and expand their consumer circle, your organization can gain a competitive edge by
delegating major functions to specialized and efficient service providers who can ultimately
be your valued business partners.
By strategically utilizing the service
providers, you can bring in quick
expansion in business, great flexibility
with enhanced efficiency in business
processes and achieve an innovative
approach to deliver solutions.
Lets explore the top 8 benefits
of Right Sourcing:
1. Focus on Core Competencies
Amount of work increases with an
increase in non-core functions and as
your business expands the quality of
your core functions starts degrading.
Delegating your work to external experts will help you in delivering value added solutions
along with utilizing your important resources for core business activities by spending their
time in the most productive manner.
2. Run your business Round the Clock
By delegating work to service providers from countries which falls under different
timezones, you can take the added advantage of running your business 24X7. Your service
partner can work and deliver business results even after you wrap up for the day, resulting
in reduced TTM (Time-To-Market).
3. Engage with Innovative Business Solutions
With continuous change in technology, the expectations of customer and ambitions of
entrepreneurs keep on accelerating. With social, mobile, cloud computing and big data
converging, business leaders seek to capitalize on opportunities to innovate business
By having a development partner, you can bring in innovation in terms of understanding
clients requirement, challenges, suggesting new ideas and ways which can add value to your
4. Delight your Customer with Expertise
A business partner with specific expertise can provide a high quality service and on-time
deliverables which will help you give a WOW Experience to your customers. This not only
offers you a benefit of enhanced client satisfaction but also provides a stream of loyal
5. Join hands via Flexible Engagement models
Business association with experts gives you an opportunity to gain benefits of having a long
term partnership with organizations by associating with their engagement models like Fixed
Price Model, Revenue Sharing Model and Resource Sharing Model.
These models bring complete flexibility in developing project specification and modifying the
specification based on changing market needs.
6. Easy Adaptability to Changing Technology
IT service provider provides software migration services to new technologies with utmost
ease, minimum downtime with increased productivity and quality.
7. Complete Transfer of Ownership and Accountability
By delegating responsibilities your business development partner you can free the in-house
employees from handling functions that are difficult to manage and control along with
enhancing the risk management.
Contracting lets you completely transfer accountability of the project to your business
partner for bringing in business results.
8. Accelerate the business by gaining a competitive edge
The prime benefit of right sourcing is that it facilitates your business to obtain an aggressive
edge in the market. Through strategic sourcing, you can provide the best of breed services to
your customers along with reduced Operational Expenses.
Adding Value to Business Equations by RightsourcingLets explore the top 8 benefits ofRight Sourcing: