Go for Speed Sourcing “Speed sourcing” is a new phenomenon that has now become quite popular in the field of outsourcing. According to this practice all you have to do is to find a third party IT service provider and striking a deal with him within a short time span, ideally 3 months. It is due to this extra speed that has given this contract its present name. There are a few reasons behind this quick reaction and the main reason is, of course, to cut cost but do it quickly. This is definitely a desperate measure that many companies find justified during these tough and more competitive economic conditions. Many employees find the speed sourcing quite useful, especially when they have to find a vendor within a fixed time frame. While choosing your vendor you need not to check out all the players but those on the tier1. You can also ask your existing service providers to help you out. This will save you time, after all you need result within a limited time. Now you will not ask for the vendors to send you their proposals but will directly approach them stating your particular needs. This is clearly different from the normal procedure where Request for Proposals (RFP) is the general norm. The reply is also very short and lacks any kind of details. Generally the service provider will now present its case on a high pitch. The selection will depend on this pitch alone. In fact in speed sourcing details also remains missing from the contract. In normal conditions the contract would be more detailed. But this does not mean that the said document lacks any of the important parts. It does cover pricing, terms and conditions, statements of work, and timeline. Many prefer this because it is quick and lacks any red tapes. This does not mean that all the companies have adopted this policy of speed sourcing. There are still some companies who prefer the usual long drawn out negotiation policy. But there are many consultancies like EquaTerra, and TPI. Companies that are against this say that it may not be good for solving complex issues of a client and they are right. But if you have to meet a deadline then this is the best policy undoubtedly. So, you can choose this speed sourcing but make sure its suits your needs the best. This would be wiser rather than following the trend. Sai People Solutions, Inc. Providing Staffing Services and Executive Search across various parts of USA. As a leader in the staffing industry, we pride in our ability to deliver right staffing resources.
Published on Jun 9, 2009
Published on Jun 9, 2009
In normal conditions the contract would be more detailed. But this does not mean that the said document lacks any of the important parts. It...