Synchroweb core is an technology company, one of our unique services are Outsource R&D , which will fall under our Special Project team.

Background
In the early 1500s, Italian Renaissance sculptor, painter, architect, and poet Michelangelo organized what may have been the first truly virtual company. He developed a network of trusted suppliers, artists, and stone masons to supply the materials he needed for his work. The comprehensive records he kept for his projects detail the excellent guidance he provided his vendors and his careful monitoring of quality and costs.

Subsequent managers were slow to follow Michelangelo's outsourcing lead. By 1930, however, firms in the United States were offering R&D services on a contractual basis, although mainly to government markets. Over 70 years later, R&D Magazine suggested that outsourcing "may become the next hot technological trend as corporate technology managers look for ways to support their strategic goals."

Companies choose outsourcing to reduce costs, minimize business risks, and hasten product market entry. The cost reduction may result from improved organizational effectiveness, shorter product development cycles, greater access to high technology, or restructured and improved use of resources. Outsourcing often leads to enhanced effectiveness by permitting the company to focus on core competencies and lessen its demands on tangible resources.

Organizational Effectiveness. Outsourcing can be used to redistribute internal resources from noncore to core activities, and can increase the firm's flexibility in responding to changes in the marketplace. Outsourcing is also used by some firms as a way to accelerate organizational change by eliminating out-of-date or inefficient assets.

Fast Market Entry. Outsourcing can help a manufacturer meet temporary product development needs without imposing a long-term commitment. It can also be used to pursue multiple projects with a limited staff, thereby yielding a richer product pipeline.

Access to Capabilities. Outsourcing allows companies to access technological and process innovations when size and/or time constraints prevent them from establishing these capabilities in-house. Obtaining the necessary expertise and skills outside can help a company move ahead of its competitors. In some cases, less manageable functions are outsourced to more experienced firms.

Resource Utilization. Outsourcing can help reduce companies' up-front capital requirements and control their operating costs. Often, startups and companies with inexperienced or small staffs, limited facilities, or insufficient equipment outsource the projects they lack the time or funds to develop.

As outlined in the figure above, a range of relationship arrangements exist in outsourcing. Transactional arrangements are typical for limited assignments such as problem solving or providing testing services.

A preferred supplier arrangement usually evolves from a continuing relationship, which may result from a company's recognition of a service provider's expertise and the assignment of major project responsibility to that provider. The partnership level is a relationship characterized by multiple projects, shared planning, and cross-functional teams. Strategic alliances typically involve shared investments and risk-for-reward relationships.

Please contact us for your requirement on your R&D project and how we can assist you.