Adding Value to Business Equations by Rightsourcing

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Adding Value to Business Equations by
Rightsourcing
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Intro

• 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.

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• Lets explore the top 8 benefits of Right
  Sourcing

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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.

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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).

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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 clients
  requirement, challenges, suggesting new ideas and
  ways which can add value to your business.

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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.

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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.

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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.

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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.
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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.

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• Original Source
• http//www.azilen.com/blog/adding-value-to-busines
  s-equations-by-right-sourcing/

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