Who does not like saving costs, the question really is if it adds value or does it adversly affect your quality?
The answer to this question really depends on your due delligence. It is extremely difficult to make these decisions.
The Best practices to Outsource and value to your Business is through
- Identify non critical functions of your Business.
- Shortlist the vendors you want to work with.
- Distribute the project across the multiple vendors.
- Have good contractual agreements up front.
- In round two come down to the best vendor you find satisfactor or comfortable with.
- You might want to partner with the vendor to ensure both your best intrests are taken care of. "After all How much your earn depends on how much you are willing to Give".
Each of the points above are subjects by themselves, we will try and discuss each of them one at a time to see how you could reduce your risks, cost and improve quality in a very short time.
P.S: Please feel to add to the above list.
Ashok
