5 ways strategic outsourcing can help generate success
Are you wondering how strategic outsourcing can work for your business? You’re not alone. Strategic outsourcing can bring many benefits. We’ll go over the main ones in this blog as well as answer your FAQs to do with outsourcing.
First, let’s start off with the basics…
What is strategic outsourcing?
Strategic outsourcing is when you hire a third party to handle operations or perform a service on your behalf. A business can outsource a task instead of developing them within the organisation. It could be any range of services or tasks.
For example, here at Hudson Outsourcing, we help our clients through the tendering process. From sourcing the tenders, to submitting a winning bid on your behalf. We can take care of the whole process.
5 ways strategic outsourcing can generate success
Below are five ways that strategic outsourcing can help generate success for your business:
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Saves you time, money and resources
Strategic outsourcing can save you a fair amount of money, time and resources. It means you don’t have to hire a full-time employee, saving you on expenses such as training and benefits. You may only need them to do the task every so often. Therefore, outsourcing can help save expenses as a full-time employee is not needed.
By using an outsourcing business, you can carry on with the running of your company, uninterrupted. Neither you nor your staff has to sacrifice their daily tasks. This optimises the use of your time can only offer benefits.
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It allows you to focus on your business
Strategic outsourcing saves you time as mentioned in the point above. You can continue focusing on the core functions of the business. You don’t have to take time out of your busy day. Especially as tenders can take as little as one day to up to three months to complete end-to-end. You may not have the time to do this on top of your daily commitments. That’s exactly why outsourcing can be a great solution without you having to sacrifice anything.
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Increases your chances of success
Often, when outsourcing work to an outsourcing company, you gain access to experts in that field. Outsourcing companies are experts that can offer specialised support as it’s their full-time job.
For example, our Bid Writers have over 60 years of collective experience and an 87% success rate. This will increase your chances of success when applying for tenders compared to a first-time applicant. Access to skilled resources means you can be assured a higher quality of the outsourced tasks. This, overall, increases efficiency and your chances of success. Here are two additional ways they can benefit you:
- Access to a talent pool
You are able to access a vast talent pool that you otherwise wouldn’t have access to. They know how to best present your business in line with the specification. They will work hard to get the bid submitted not only on time but early and error-free. This can take a considerable amount of worry out of your life.
- Bid design
Not only this, but they can also make the bid look good. Just because it has certain formatting requirements, doesn’t mean it needs to be plain and boring. Bid design is highly underrated and can give you an edge over your competitors. What’s more, is they can help you present a united front. This can be relevant when submitting company CVs.
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Allows you to grow your business
Strategic outsourcing can promote growth within your business. Particularly if you’re looking for Bid Writers to complete tenders. Securing new business contracts can allow you to grow your business. If you are successful when tendering for contracts, you’ll gain more experience. More experience means you can tender for bigger contracts. That means you can grow your business.
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Better risk management
When you try to solve something yourself without the knowledge, you could be making costly mistakes. As a bid could take anything from one day to three months to complete end-to-end – that’s a lot of time. If you don’t know what you’re doing, that’s a lot of time distracted from you and your employee’s regular job.
If you look to solve this yourself internally, you may end up hiring someone that isn’t suitable. You may not have enough work to justify keeping the person in-house. Thus, outsourcing to experts allows you to better manage the risk across your business without financial loss.
In summary
Strategic outsourcing can bring with it many advantages to a business. If you don’t have expertise in bid writing, outsourcing to experts can increase your chances of success. They do it for a living and they know how to best present your business to a buyer.
Strategic outsourcing allows you to manage risk while growing your business in a viable way. You don’t have to sacrifice any of your or your team’s time. You can all keep on going with your day jobs, knowing that your bid is in expert hands. This can allow you to grow your company alongside the day-to-day running of your business.
Therefore, strategic outsourcing can help save you time, money and resources. It also allows you to gain an edge over your competitors. If you can’t write your tender response in house, doesn’t mean you should miss out on securing new business contracts.
Need help searching for tenders?
Now you know about strategic outsourcing, you might be wondering what happens next. There are no shortage of websites offering multi-sector tendering opportunities and leads. Ideally, you should be searching for a sector-specific site that posts all unique, public and private sector opportunities.
At Hudson Discover, we house 11 sector-specific tendering portals. One centralised and easy-to-navigate portal can help you save time, streamlining the process.
These consist of:
- Creative Tenders
- Healthcare Tenders
- Facilities Tenders
- Construction Tenders
- Technology Tenders
- Logistics Tenders
- Research Tenders
- Consultancy Tenders
- HR Tenders
- Finance Tenders
- Hospitality Tenders
Once signed up, you’ll have access to your own dedicated Account Manager. They’ll be able to answer any questions you may have about public sector contracts. You’ll also get an email alert when new and relevant tenders are uploaded to your sector.
A subscription to one of our industry-specific portals will include:
- Unlimited portal access. You can browse your industry’s portal to your heart’s content. See the hundreds of opportunities that are available, intuitively categorised and easily accessible.
- A daily email bulletin. When you sign up to a portal, you can choose the specific areas in which you’d like to tender. Then, a daily bulletin is created for you. It includes all the relevant opportunities that have been posted to the portal that day, straight to your inbox.
- A dedicated Account Manager. They’ll handle any questions or queries you may have about the portal.
- A free 20-minutes phone consultation with a Bid Writer. Our expert bid consultants will chat with you for 20-minutes about anything tender related.
What opportunities can I expect from a tender search on one of the above portals?
We host all kinds of tenders in both the public and private sectors. These are inclusive of, but aren’t limited to:
- Open tenders
- Restricted procedure tenders
- Competitive dialogues
- Negotiated tendering procedures
- Innovation partnerships
- Single supplier contracts
- Framework agreements
- Dynamic Purchasing Systems
Now you know how to accurately perform a tender search, you may be wondering how to write a bid. Well, luckily for you, our sister company, Hudson Succeed, are experts in bid writing.
They have over 60 years of bid writing experience and an 87% success rate. Whether you’re completely new to tendering or aren’t seeing results – they can help. There are four bid writing packages available:
Once you’ve found a tender you’d like to go for, send it over to us. One of our Bid Writers will write the tender response for you. They’ll provide a full Tender Writing breakdown and even submit it on your behalf.
Tender Mentor can give your tender response a once over before you submit. The Bid Writing Team will analyse your response, notifying you of any errors prior to submission.
A 4-week programme for those who have never tendered before. The programme will develop your branded corporate literature and case studies. Our team will advise you on what tendering opportunities you should go for and guide you through your tendering response.
The Tender Improvement package can help those who have tendered before but aren’t seeing results. Our Bid Writers will assess your previous responses and work with you to develop improved content.
Get in touch to find out how we can help your business grow.
Vocal
Our support doesn’t end there! Our creative content agency, Vocal, are on hand to help.
The Vocal Team are not afraid to stand up and be heard. And we make sure our clients aren’t either! From small, micro businesses to large organisations, we are vocal about the things that make your business unique.
Our creative service is dedicated to growing your business through striking and thought-provoking content. Our team specialise in six areas, including:
- Copywriting
- Marketing
- Branding
- Websites
- Design
- Illustration.
If you’d like to know more about what we can do for your business, introduce yourself to the team!
Contact us today to find out more.