Outsourcing - is it right for manufacturers?

Staying competitive in today’s marketplace is about improving efficiency and keeping costs down, while the responsibility and burden of administration grows.

More and more organisations are looking to outsourcing to ensure the smooth operation and growth of their business as they recognise the potential benefits. The practicalities around outsourcing can be confusing, but with constant changes in legislation and expansion of cloud technology, outsourcing could be a cost effective answer to making sure your business remains up to date and compliant.

We live in the era of digital disruption. This has radically changed the way we work, think and live. The explosion of the Internet of Things has made virtual and remote control of traditional processes possible and the world’s reliance on technology has affected every industry, with the manufacturing sector being no exception. For example, companies are now able to reveal a completed virtual product to a client before a single part is made.

There are many reasons why a manufacturing business considers outsourcing. They may want to improve efficiency, lift the pressure on their own in-house teams, or as a vehicle to supporting future growth. The points highlighted below, discuss why outsourcing may work for your business:-

No distractions

With the decision made, you can concentrate on your core strengths. Working with experts you trust allows you to focus and drive the business forward, achieve your goals and hopefully improving your bottom line.

Compliance

Outsourcing can ensure that you stay compliant with the seemingly constant changes in legislation. It can also strengthen the knowledge and expertise of your in-house team through workshops and training. Our experts here at MHA become an extension of our clients’ in house teams, and are always there to provide advice and support.

Expand your reach

From day to day issues like payroll, HR processes, bookkeeping and related administrative services, to international contacts and help with large or one off projects, there are real opportunities to expand your network and in turn, your business. Taking advantage of outsourcing opens the door to a wealth of resource that may not exist in your in-house team.
 

Support you can count on

Resourcing issues occur no matter how well run a business is. With an outsourcing partner, you will be able to compliment or support your in-house team with extra staff during pressurised periods. As well as providing back up for unforeseen circumstances where you need your advisors to react quickly. With outsourcing, help is always available.
 

Choosing the right outsourcing partner

So, you’ve considered the pros and cons, and decided that outsourcing will work for you. Now you need to choose the right advisers.

There are many companies out there who offer outsourcing and promise big things. Choosing the right one can be time consuming and difficult, but if you get it right the benefits can be huge.

It’s as much about personality as expertise. Meet as many people as you can, make sure they provide concise, comprehensive answers to your concerns and that they share your vision of success for your business. After all, this is hopefully the start of a long and productive relationship! 

For more information on outsourcing or how we can help your business, please contact Chris Barlow on 0121 236 0465 or email chris.barlow@mhllp.co.uk