A huge number of businesses are outsourcing to third party agencies. But why is this? The short answer is because it enables them to expand their business more quickly and effectively.
In fact, findings from Deloitte’s 2017 Global Shared Services Survey reveal that 73% of respondents reported an increase in productivity, a statistic that illustrates the positive results created by outsourcing.
The most popular choice for outsourcing is to reduce the workload of logistics management, contact responsibilities, and other similar administrative tasks.
Whilst learning the reasons behind outsourcing is helpful, when is the right time to delegate logistics duties?
When outsourcing, directors and representatives must be certain that the company is in a position to hand over all control, information and goods services to another agency. Networking with other professionals to share advice on logistics handover can be helpful in achieving company goals. For example, in a Dice Insights piece last year, business leaders shared how their companies have benefitted from sharing IT services across agencies, an area that, like Logistics, requires an experienced team of specialists.
Interested parties will no doubt have studied potential agencies from every angle. Cursory glances through business blogs, however, are not enough – reaching out to companies in the same industry will give executives a clear insight into the specific types of services to look for from a third-party agency. Expertise in the logistics field can be directly assured by these companies; , for example, can immediately respond to inquiries about their business-to-business services through their website.
Widening tasks to specialist third party services outside of staff members’ core duties is mutually beneficial: activities can be carried out by experts in the field, freeing up time for employees to develop their roles and responsibilities. However, it is paramount to outsource the area to a reliable service.
Chris Noon, an HR Expert for Employee Benefits Consultancy, stresses that outsourcing to pensions specialists, for example, means that employees’ rights are as securely protected as possible. Outsourcing to experts can help to assure team members, in turn improving work performance and company loyalty.
As with any business, outsourcing can be risky, but when well timed, it can reap huge rewards. When business teams choose to hand over logistics control at the right time, it could improve the financial, structural and professional performance of the company hugely.
Rupesh Singh is freelance writer and founder of moneyoutline.com You can follow him on Google + & Facebook.