Manufacturers are faced with many challenges including regular operational disruptions, lack of effective production and monitoring processes, increased dependency on expensive manpower, and poor data inventory for making major strategic decisions. These challenges affect their ability to grow, remain competitive in the market, and retain client goodwill.
To reduce existing inefficiencies in their business, to gain access to experts in niche applications, and to increase the cost effectiveness of their investment, many manufacturers rely on outsourcing vendors. However, choosing an outsourcing vendor for applications development and maintenance is a tough job. If the manufacturer and the vendor do not mutually agree on some of the key factors behind a successful contract, it will cost both parties time, effort and money.