BQ Electric's Strategic Outsourcing Initiative

SITUATION

In early 2022, BQ Electric, a Spanish electronics manufacturer, found itself at a crossroads. The company was facing increasing pressure to reduce costs and improve efficiency in a highly competitive market. However, BQ Electric also needed to maintain its product quality and compliance with stringent EU regulations.
The company’s leadership recognised that their current operational model was not sustainable in the long term. They needed a solution that would allow them to focus on their core competencies while reducing operational costs and improving overall efficiency.

SOLUTION

BQ Electric implemented a comprehensive strategic outsourcing initiative:

1. Conducted a detailed operational analysis to identify non-core activities suitable for outsourcing.
2. Performed rigorous vetting of potential outsourcing partners, focusing on quality, cost and compliance.
3. Implemented a phased transition to outsourced operations over a 12-month period.
4. Established robust quality control measures for outsourced processes, including regular audits.
5. Developed a comprehensive compliance monitoring system to ensure adherence to EU regulations.
6. Retrained and redeployed internal staff to focus on core competencies and innovation.
7. Implemented a new ERP system to integrate outsourced operations with internal processes.
8. Established a dedicated outsourcing management team to oversee relationships with partners.

RESULTS

By Q3 2023, BQ Electric’s strategic outsourcing initiative delivered significant improvements:
– 13% reduction in operational costs
– 20% improvement in production efficiency
– Maintained full compliance with EU regulations
– 8% increase in customer satisfaction ratings
– 15% reduction in time-to-market for new products
– 25% increase in R&D investment due to cost savings
– Successful launch of two new product lines leveraging outsourced capabilities

BQ Electric’s success with strategic outsourcing highlights the value of leveraging external expertise to optimise operations. At Aysen Consulting, we provide comprehensive outsourcing advisory services that help companies identify non-core activities, select reliable partners and manage the transition process. Our solutions ensure that clients can achieve cost savings, improve efficiency and maintain compliance with regulatory standards.