What is a Transformational Outsourcing Strategy?
A transformational outsourcing strategy is a method of leveraging outsourcing to achieve a company's operational efficiency and strategic goals. It involves establishing clear objectives, measurable targets (KPIs), and related projects to support the strategy. It can be used to improve customer service, reduce costs, or create more efficient processes. Transformational outsourcing strategies can be used to streamline operations, increase reliability and scalability, and optimize performance.
What's included in this Transformational Outsourcing Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Transformational Outsourcing Strategy template for?
The Transformational Outsourcing Strategy template is designed for organizations that are considering outsourcing as a transformational strategy. This template provides a clear framework for defining focus areas, objectives, and measurable targets (KPIs) that can be used to achieve the desired outcomes. It also provides guidance on how to implement related projects to ensure that the strategy is successfully implemented.
1. Define clear examples of your focus areas
Your focus areas should be the business areas that will benefit most from the outsourcing strategy and that will have the greatest impact on the company's overall objectives. Examples of strategic focus areas that could fall under a Transformational Outsourcing Strategy could be: Vendor Selection and Partnership, Change Management and Integration, and Performance Monitoring and Continuous Improvement.
2. Think about the objectives that could fall under that focus area
Objectives should be specific, measurable goals that you want to achieve under each focus area. They should also be achievable within the timeframe of your outsourcing strategy. Examples of some objectives for the focus area of Vendor Selection and Partnership could be: Identify Strategic Vendors, and Establish Strong Partnerships.
3. Set measurable targets (KPIs) to tackle the objective
Measurable targets, or KPIs, are metrics that you can use to assess the success of your objectives. They should be measurable, achievable, and relevant to the objectives. An example of a KPI for the focus area of Vendor Selection and Partnership could be: Establish Long-Term Partnerships with 2 Key Vendors.
4. Implement related projects to achieve the KPIs
Projects are the actions that you need to take to achieve the objectives and KPIs. They should be well planned and executed in order to ensure that the strategy is successfully implemented. An example of a project related to Vendor Selection and Partnership could be: Vendor Evaluation.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that can help you to quickly and effectively implement a transformational outsourcing strategy. Cascade offers a comprehensive suite of tools to help you plan, track, and measure success, so that you can achieve faster results from your strategy. It also provides insights into how your strategy is performing, and can help you identify areas for improvement.