The solutions that are applicable from one organisation to the next vary greatly and are dependent upon a number of different criteria such as, culture, cost, benefits required, market forces, and attitude to risk.
With no predetermined solution EquaTerra incorporating Morgan Chambers will work with you to understand the solutions that are right for you and will bring you sustainable benefit. Although not an exhaustive list, some of the most frequently considered options are highlighted below.
Applying market forces, culture and disciplines to such internal services, not as a one-off exercise but on an ongoing basis. Insourcing takes the disciplines of outsourcing, without moving delivery over to a third party.
Consolidating processes and activities into specific locations or creating centres of excellence, to enable departments and operating units to use a centralised service. Shared services can be used as a solution in itself or as a stepping stone to gain efficiencies and cost savings before moving to an outsourced delivery model.
Outsourcing in its simplest terms is the delivery of a function or service (in part or in full) by a third party. The type of outsourcing can vary from simple activities in order to gain an element of cost saving, through to multi-process, multi-region outsourcing delivery which helps transform a business in order to create a material impact on the company’s bottom line.
Global sourcing has become increasingly popular for organisations looking to gain additional cost savings or spread risk through extending its global service delivery model. The options available are also increasing, with India and China being the main offshore locations, but Eastern and Central Europe rising as an alternative near-shore opportunity.
- Solutions (overview)