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.

Let’s 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

solutions.

By having a development partner, you can bring in innovation in terms of understanding

client’s requirement, challenges, suggesting new ideas and ways which can add value to your

business.

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

customers.

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.