In our last article, we talked about the differences between outsourcing and offshoring in today’s business world. Now that you’re more familiar with the strengths and weaknesses of these two approaches, you may be wondering how to choose the right outsourcing or offshoring partner for your business. Making the right choice will help you maximize the potential benefits of your partnership, including cost savings, efficiency, and access to specialized skills.
In this guide, we will break down the seven key steps to help you make an informed decision:
1. List your top business objectives and think about how outsourcing or offshoring can help achieve them.
2. Evaluate all of the tasks your team handles. Then create a list of tasks your team excels at and another list of tasks that may be better handled by an offshore or outsourced team.
3. Research the experience of your potential outsourcing or offshoring partners.
4. Create a budget that includes both direct and indirect costs associated with outsourcing.
5. Establish your communications process
6. Assess data protection and security measures.
7. Plan for the best, and prepare for the worst.
