Top 3 Outsourcing Tips for Selecting an Outsourcing Provider

Alsbridge, Inc., an award-winning global advisory firm that redefines the way companies reduce costs and improve back office operations, reveals top three tips for successfully selecting an outsourcing provider.

“By following these three tips, companies can save time, headaches and be successfully engaged with an outsourcing provider much more quickly, all of which enhance a company’s bottom line, which is more important than ever in this economy,” said Ben Trowbridge, Alsbridge CEO.

1) Narrow the list of providers that will receive the RFP

Outsourcing advisors maintain databases with hundreds of key data points on the outsourcing service provider marketplace and understand the strengths and weaknesses of top outsourcing providers, so they can help companies effectively winnow down their list of prospective providers to those who will provide the best fit. Ideally, a firm should send the RFP to 4-6 providers, each with a reasonable chance of submitting a successful bid.

2) Develop an effective and efficient RFP evaluation process

Once a firm receives an RFP, it needs to sort through a mountain of data points. The best approach is to develop a scoring and evaluation system before distributing the RFP. The evaluation/scoring system should take into account business goals and the ability to quickly execute the plan. An outsourcing advisor can help work with a firm to establish the right criteria, weighting factors and scoring mechanisms to ensure all proposals are evaluated evenly.

3) Quickly get to a selection decision

Firms are looking for the outsourcing provider that can provide the services at the best price. Through a tightly managed evaluation process, the company will be able to quickly select a provider (and perhaps a backup) and start the actual contract negotiations. If done properly at the outset, much of the RFP material can be used as the basis for the final contract, reducing the time to complete the final contract.

About Alsbridge
Alsbridge, Inc. is an award-winning global advisory firm that has redefined the way companies reduce costs and improve back office operations.  Our proprietary benchmarking tools and data resources enable clients to utilize the most cost effective and value added sources globally for information technology, business processes and telecommunications networks.   Through a combination of internal optimization and outsourcing, our clients achieve cost savings that support their strategic business objectives.

Founded in 2005, Alsbridge is the proven, effective difference. The company’s web site is: www.alsbridge.com.