Business

Embracing bestshore: the ultimate professional services procurement strategy

Are you familiar with bestshore, the new trend in professional services procurement strategies? Several years ago, companies began outsourcing activities to offshore countries. This strategy primarily allowed them to focus on their core activities while reducing operational costs. The motivations that once drove companies to outsource their activities outside their home countries have evolved in response to new challenges they face, such as the shortage of certain skills, particularly in the IT sector and for good reason. Indeed, 69% of companies face a lack of available skills in their local markets. Presently, the bestshore model integrates the primary outsourcing models abroad, nearshore and offshore, to harness the finest skills available from each geographical region. You will be able to discover these concepts throughout this article. 

Introduction to the concepts of onshore, nearshore and offshore: 3 outsourcing pillars of the bestshore model 

Onshore outsourcing: a traditional approach 

Onshore outsourcing refers to delegating tasks to providers located within the same country. This model is the traditional approach and offers several distinct advantages.  For instance, speaking the same language facilitates clear and effective communication. It can also facilitate client relationships as well as the planning, management, and delivery of projects. However, companies only adopting this approach are currently facing a shortage of skills available in their local markets, such as IT, digital, and engineering. 

Nearshore outsourcing: a balanced approach 

Nearshore outsourcing involves contracting services to providers in neighboring countries or regions. This model strikes a balance between cost savings and operational efficiency, offering several notable advantages. For instance, it provides significant economic benefits, allowing operations to continue within the same time zone or with a smalltime difference, along with cultural alignment. 

Offshore outsourcing: an expertise and cost efficiency approach 

Offshore outsourcing involves worldwide resources to handle certain tasks and services It’s an increasingly popular practice because it allows for cost reduction and access to a wide range of experts. Working with teams in different time zones can even offer an efficiency advantage, called the “follow the sun” strategy. 

Why have the reasons for outsourcing evolved? 

While cost reduction remains a central argument, it is no longer the only driver. The challenges related to time zones have largely been resolved, as offshore and remote resources can now manage different work schedules. Cultural misalignment is much less of an issue than before, thanks to the development of a global culture and international projects, that have allowed resources to gain experience. 

The definition of the concept of bestshore 

The concept of “bestshore” is emerging as an outsourcing strategy that combines the advantages of nearshore (outsourcing to neighboring countries) and offshore (outsourcing abroad). By merging the strengths of nearshore and offshore, the bestshore provides businesses with a balanced approach, combining global expertise and operational efficiency, tailored to the complex requirements of the modern digital economy. 

58% of organizations report that a portion of their tech talent works entirely remotely. according to a new survey by Gartner, Inc.

Why is bestshore so advantageous? 

Today, outsourcing offers numerous benefits beyond cost savings, such as access to a global pool of experts, increased flexibility, and the ability to scale operations quickly. Recognizing these advantages, the bestshore strategic approach is making its way into procurement departments. 

The 4 main advantages of bestshore outsourcing for companies? 

 

Bestshore, 4 advantages, offshore, nearshore, strategy

 

  1. Leverage the best of all models: Imagine a solution that combines the strengths of onshore, nearshore, offshore. With the bestshore approach, companies can truly harness the best of each approach, creating a robust, through the non-creation of interdependence and flexible outsourcing strategy. 
  2. Embrace a paradigm shift in skills delivery: In the bestshore model, skills are considered placeless, and innovation knows no boundaries. This shift allows companies to tap into global expertise’s pool without being constrained by geographical limitations.
  3. Unlock global expertise: By adopting a holistic perspective, bestshore enables companies to access a diverse range of skills and knowledge from around the world. This approach ensures high-quality services and expertise, tailored to the specific needs of each client. 
  4. Guarantee flexibility and scalability: The evolving digital world demands great flexibility. The borderless bestshore model provides companies with this adaptability, enabling them to quickly address their challenges. 

At LittleBig Connection, we are convinced that the bestshore model is optimal. Our Connect offer provides a global pool of expertise, demonstrating our commitment to leveraging this expertise to deliver exceptional value to our clients. Thus, this ensures they remain competitive and innovative in an ever-evolving market, thanks to our platform. 

Want to know more about it? Don’t wait any longer — register for our bestshore live event on June 20th!  

 

Onshore? Nearshore? Offshore? Time to step up your projects ! Bestshore model.