Bestshore strategy: your guide of best practices to do international sourcing 

In today’s interconnected global marketplace, international sourcing is essential for businesses looking to optimize resources and boost their competitive edge. The bestshore strategy, which leverages the most advantageous global locations and talent pools, provides a robust approach to international sourcing. Explored in depth during our Bestshore live event on June 20th, this guide highlights essential best practices for implementing a strategy, helping your company navigate the complexities of global sourcing with confidence. 

Choosing the right engagement models  

Initially, it is essential to define your project, its needs, and objectives clearly, and choose the engagement model that best suits them. 

  • The Fixed Price model is ideal for well-defined projects, ensuring they stay on track and within budget. It offers predictability and control for outsourcing initiatives. 
  • The Time and Material model offers flexibility for evolving projects, allowing dynamic adjustment of resources and timelines. 
  • The Packaged Time and Material model allocates multiple resources to enhance scalability and reduce risks, making it ideal for large projects needing diverse expertise. 

By choosing the appropriate model, companies can effectively manage their outsourcing projects, ensuring successful outcomes and maximizing the benefits of the bestshore strategy. 

Selecting the talent pool 

Choosing the right talent pool is crucial in today’s dynamic talent landscape. It’s no longer sufficient to focus solely on location; expertise domains, skills, and technological capabilities must also be considered. Bestshore sourcing facilitates a strategic alignment of skills and geographical advantages. 

You need to build the ideal talent matrix based on these three pilars :  

  • Identify required skills and technologies: Determine the specific expertise needed for your project. 
  • Locate the best talent hubs: Research and identify regions known for their talent in the required fields. 
  • Enhance screening processes: Partner with a provider who can conduct thorough vetting to ensure candidates are well-suited for global projects. 

Establishing a robust project management framework 

Cross-cultural project management 

Appointing cross-cultural project managers is essential. These managers should have experience working across different cultures and countries, ensuring effective communication and project alignment. 

Implementing governance and communication tools 

Establish clear governance structures, leverage robust communication tools, and conduct regular check-ins with the service provider. This approach ensures that the project stays on track, meets deadlines, and adheres to quality standards. 

Ensuring compliance and alignment 

A successful bestshore strategy demands adherence to various compliance aspects, including financial, legal, and social responsibilities. Here’s how to ensure compliance and alignment with your company’s vision and culture. 

To achieve this, it’s crucial to select a reputable partner who aligns with your values and ethical standards in business. Ensure they possess the specialized expertise required in your industry sectors and verify their certifications and success stories to confirm their capabilities. 

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 to contact us.