When Will You Need Outsourcing Product Development?

When Your Team Lacks Some Specialized Technical Experts

Making a good product requires the coordination of the whole development team. Each role involves unique skill sets that take years of experience to master. As no project is the same, different roles are required to build a complete team and achieve success. For example, a banking app often involves a security specialist, while an eCommerce platform may need a UX designer. The lack of technical expertise can cause the quality of the company’s products to be unreliable.

The thing is, what if your in-house team does not have anyone specializing in the field you are looking for? Starting a new hire is surely the answer, but the recruitment process is never an easy task.

In that case, the hiring manager should consider outsourcing product development as the best new technological solution to hire skilled remote developers. These talented engineers can bridge the gap between a business idea and the development process with the expertise available. By applying all the expertise and experience in software products, the outsourcing product development team can boost business performance and skyrocket sales to deliver outstanding results - something the in-house team still needs to work on for hours.

When You Want to Eliminate HR Problems

The primary function of the recruitment department is to find talent. However, recruiting is difficult for positions requiring highly specialized knowledge, such as software developers. As mentioned in the previous part, technology is a comprehensive operation that requires much wisdom. Although the number of software developers increases yearly, the labor market still has to witness many cases of a lack of technical specialists as demand is more significant than supply.

Difficulties piling up difficulties. Finding the best technical specialists whose expertise is ideal for covering project needs requires recruiters to have more than just interview skills. Instead, they must also stay updated on the latest technologies and software trends. Conducting professional training programs for interviewers to hire in-house developers can be seen as unproductive, given that all departments have their own functions. At this point, outsourced product development services will be the optimal solution to solve all these problems and gain access to the business idea.

When Key Competencies Are Prioritized

It is common that a position has to take on many different tasks, mainly in small-sized companies. However, overworking is unsuitable for your business when it significantly contributes to reduced work performance. Developing a new product while making an error in the first step will leave serious consequences behind heavy.

Outsourcing product development will be the solution to help other positions in the company have their working time. The smooth coordination between the departments that do not have heavy workloads will bring the best product quality. By assigning product development to a dedicated team from outsourcing companies, in-house personnel have time with their core business, creating value and profits.

Optimize the Use of Turnkey Software Solution

The growing information technology era has brought people many convenient solutions that help companies achieve their business goals more efficiently. However, software solutions only maximize their use value if appropriately implemented. And outsourced developers are the experts who understand these advanced tools better than anyone. With the existing tool-using skills, third-party vendors can support you in customizing those solutions for your business operations and training your internal team to optimize tool usage. As a result, project outcomes will be delivered more quickly, and the time to market will be shorter.

Utilize Offshore Developers

Offshore software development. Yes. This is a very cost-effective solution that not many people recognize. These resources are typically available at lower rates than domestic solutions and can be hired quickly, as the pool of potential applicants is more expensive. Still, self-approaching offshore developers can be challenging, as identifying suitable talent often requires considerable research and effort. Partnering with outsourcing software product development companies, fortunately, leads you to none of these hattricks.

The third-party vendor often has more established pipelines for finding and hiring offshore developers than every individual does. They usually have large talent pools of pre-screened and qualified developers to draw from quickly, making onboarding offshore teams much faster. With a high level of flexibility in terms of cost and engagement, an outsourcing partner can lead to a faster-outsourced product development process and a higher-quality core business output.

Enhance Specialized Capability

Working with familiar partners does enhance the workflow, but not necessarily creativity. If an in-house team has been working together for an extended time, they may become complacent, cease to push each other to think outside the box, and come up with a new business idea. By conducting an outsourcing product development process, companies tend to access the world’s leading product developers who are up-to-date on technological advancements and gain much knowledge from them.

Besides, bringing these technical specialists from outsourced product development companies can give businesses new insights and perspectives into projects that may benefit the core business.

Shorten Time to Market

Outsourcing to offshore software developers is less complicated than managing an in-house team. You don’t need to be hands-on or coordinate the workflow amongst the outsourced team since they are all software development experts.

The time zone difference, which seems to be a disadvantage, is also an advantage. The time in-house employees take off is when remote developers work, and vice versa. With the help of Agile methodology and ERP solutions, companies can rest assured about remote work monitoring when everything is caught up on schedule. This creates a smooth workflow during business processes and a more agile and flexible response to customer requests, leading to faster project completion times.

Save Budget in Many Ways

According to Deloitte, 70% of businesses surveyed cited cost reduction as a primary motivation for outsourcing. In-house staff is more expensive than an employee in a product development outsourcing company. There are many complicated fees that a company has to pay for a self-employed position, such as salary, infrastructure costs, benefits, insurance, training, etc.

Meanwhile, software product development outsourcing models are much more cost-effective when they are usually hired under a contract signed from the beginning and do not incur additional costs. Outsourcing specialized engineers from a product development outsourcing company can sometimes involve remote workers. With practical experience from many previous projects, they not only ensure the quality of work but also save costs.

In addition, the software engineers provided by the third-party vendor also save costs incurred when the HR department of the client company encounters some unexpected situations, such as candidates quitting their jobs mid-way or candidates unsuitable for recruitment needs. Consequently, the company must spend time, money, and effort to start the recruitment process from scratch. This helps the company to limit the cost of risk management.

Custom Software Development

Custom software development is a type of software application made for specific needs and fulfills the unique project specifications of a company. This kind of product software development usually involves the process of designing, coding, and testing. A good custom software product’s final result is flexibility and scalability.

Mobile App Development

The mobile app development has been driven by the growth of mobile devices, with consumer increasingly using their phone to access information and services. That is why companies nowadays try to access this software development. By definition, mobile app development is creating software applications that operate on mobile devices such as smartphones and tablets. The use of the mobile application can be diverse due to specific needs. An outsourcing software development partner can assist businesses in hiring UX/UI designers, quality assurance testers, and project managers while achieving cost reduction and time shortening.

Web Development

Web development is the process of building websites and web applications. It encompasses several aspects, including web design, front-end development, back-end development, and full-stack development. This is one of the outsourcing product development services, which is an essential part of modern-day business operations, as a website or web application could be the primary way customers interact with businesses online.

Because of the complication of this software product, the company’s website should be built by a team of professionals. By outsourcing web development to a product outsourcing service, companies can focus on their core business operations and leave the website development to the experts.