Outsourcing to Scale Up - Enhancing Your Business Success Beyond Core Competencies
In the ever-evolving landscape of modern business operations, outsourcing has emerged as a strategic path for organisations seeking to expand and succeed beyond their current core competencies.
By entrusting non-core activities, such as by-product management, to specialised partners, businesses can tap into external skills and capabilities that drive growth and innovation.
What is Driving Manufacturers to Outsource Their Biological By-product Management?
While cost considerations have traditionally played a significant role in outsourcing decisions, the major deciding factors over the years have shifted. More than half of respondents to a study regarding outsourcing said that they based their decision to outsource on strategic operational changes and the need to gain access to new capabilities. (https://www.deloitte.com/global/en/issues/work/global-outsourcing-survey.html). This evolution in expertise outsourcing signals a shift in business value creation led by transparency and trust.
Research and real-life discussions have shown us that businesses are increasingly leveraging outsourced biological by-product expertise to:
Residues, and sometimes co-products, are often perceived as waste with limited business value. Adding to that, there are complex compliance needs for selling, storing and transporting by-products which prohibit businesses from obtaining maximum value. By outsourcing the full value chain responsibility, an organisation can refocus their internal resources on their core operations while gaining value from their outsourced partner's work.
MBP Solutions has offered a comprehensive by-product management service (OMBP) to manufacturing partners for more than 20 years. This service includes by-product collection, storage, transport, marketing and sales, legislative compliance and invoicing to end customers.
It makes operational sense for businesses to invest their resources into their core business. By outsourcing a non-core activity such as biological by-product management, companies relieve those resources to the outsourcing partner.
When it comes to biogenic by-products, the reasons for outsourcing are clear. Businesses opt for outsourcing to gain flexibility and capabilities that catalyse growth and innovation within their operations.
By partnering with a by-product expert, businesses gain access to regulatory compliance support, sustainability certification guidance and innovative application solutions. This strategic partnership enables companies to make a meaningful contribution to the circular economy while progressing towards their long-term business goals.
Outsourcing is no longer just a cost-saving strategy; it is a collaborative endeavour that delivers value to manufacturers, empowering them to thrive in an increasingly competitive marketplace.