One of the main challenges we face is the influx of numerous small projects, which can hurt our bottom line. Every small request becomes a project in its own right.
The Vendor Database is at the core of any translation business operations. The way you handle it has great impact on your performance. Making full use of a database will guarantee both the best delivery time and quality. Mishandled, it will waste your efforts and cost you results.
Translation businesses rely on their vendors. Their work and dedication form the basis of what you deliver to your customers. Great results never come by accident. So if you want to provide the best possible quality service you need to start with the way you manage your vendors.
Project Managers should spend their valuable time on their core responsibilities. Their days should not consist of just shuffling e-mails and files. Your time is precious, so do not waste it on repetitive tasks.
The notion of agile process management has been around for at least fifteen years now, and seems to gain traction just currently in the translation and localization businesses. Usually associated with
Vendor management can be regarded as one of the most important tasks of a translation agency. After all, the core of the business resides in the effective reselling of the work of your vendors, as a result, any inefficiencies in managing them must have a direct impact on your bottom line and your results.
We’ve already mentioned a number of factors that can have a strong impact on your costs and the ways on how to reduce the amount of money that flows out of your business. Now it’s time to discuss how we can bring more money into the business. In the previous installment, we identified the elements directly impacting your margins. The revenue that you get for your service is spent on covering your internal and external costs.