How would you define the term advisory services? In layman’s terms, it refers to the direction, advice or guidance that is offered by an individual or enterprise, after setting up a client association with the end user or client. The main word to concentrate here is “client”.
Let us explain the same with an example, i.e. an enterprise aiming to establish comprehensive service legal department requirements to hire approximately ten lawyers. Each one is assigned for multiple purposes for instance, product liability, affirmative action and many more. Most enterprises are not that large in size to perform this task. As a result, they appoint a law firm under a retainer contract. Therefore, they need not hire a fresh lawyer every time there is a legal agenda that needs to be addressed. Instead, they are able to leverage the association that they have set up over a considerable amount of time with the law firms and help them to manage the issues.
The same applies in case on solving business systems and other matters associated with technology. There are enterprises that look into these issues one at a time. They read proposals, award projects, conduct interviews and many more. It is essential to address the same from an overall business process perspective. This would mean establishing an architectural strategy that handles the overall business process and the enterprise-wide ROI.
Today leading companies specializing in Product R& D Services have come up with advisory services. The solutions provided aim at maximizing the customer’s profitability. Simultaneously, these services provide the consumer with advanced optimization opportunities, are able to sort out critical challenges and adapt product operations. The approach taken is of “business transformation” than mere a “business process re-engineering” or “downsizing” approach.
The focus is not only to reduce the user’s expenses, but rather to optimize the technology and business for being able to reassign management bandwidth and talent to quality initiatives. For this the companies co-ordinate with their respective R&D organizations to enhance the technologies, processes and the overall product quality.Service providers of advisory services with their project execution engineers focus on the following areas for their advisory services:-GlobalizationAutomationDistributed Agile DevelopmentLocation Portfolio StrategyProduct Delivery / DeploymentProduct ArchitectureTest TransformationCaptive Transformation
Companies specializing in advisory services collaborate directly with their clients’ R&D organizations to efficiently enhance the processes, technologies and the total product quality.