Introducing Project hub feature in Labs

As an independent vendor who provides outsourced services, you may face several business risks that make it hard to focus on delivering high quality results day-to-day. Our goal at KÖR is to help our partner vendor network, so they can provide exceptional service to customers when it comes to outsourced calibration, testing, analysis and measurement.

We are excited to announce a new feature in our Labs marketplace platform. Project hub was designed with keeping our vendor labs’ needs in mind, enable them to run a smoother operation, and reduce risks.

Let’s talk about risks first

What kind of business risks are you facing as an independent company that provides outsourced services?

1. Underutilization of capacity: If the demand for your services is lower than anticipated or you don’t have resources for sufficient marketing and business development efforts, you may experience underutilization of laboratory equipment, facilities, and personnel. This can lead to decreased revenue and profitability.
2. Dependency on key clients: If a significant portion of your business comes from a few key clients, there is a risk of over-reliance on them. Losing a major client or a decrease in business volume from key clients can have a substantial impact on your revenue and stability. Diversifying the client base and maintaining strong relationships with existing clients can mitigate this risk.
3. Pricing pressure: our sector, especially under today’s volatile economic circumstances can be competitive, and clients may seek cost-effective solutions. Price pressure from clients or aggressive pricing strategies from competitors can squeeze profit margins. It is important to carefully balance pricing strategies to remain competitive while ensuring profitability.
4. Technological obsolescence: As technology continues to evolve, there is a risk of your laboratory equipment, or testing methods becoming outdated. This can impact efficiency, accuracy, and competitiveness. Regularly assessing and updating technology based on market demand can help mitigate this risk.
5. Market and industry changes: regulatory requirements, standards, and client needs can change rapidly. Failure to adapt to these changes can result in loss of business opportunities or reduced relevance. Monitoring industry trends are essential to mitigate this risk.

To mitigate all the risks above, you need to implement a proactive approach that includes diversifying your client base while maximizing utilization, conducting regular market analysis, maintaining pricing strategies that balance competitiveness and profitability, and staying updated on technological advancements, and actively monitoring and adapting to market changes.

Project hub is KÖR’s new tool to help yourlab in that.

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When you log in to Labs as our partner vendor, from now on you will be able to see a list of available work (ie.projects) in our marketplace. A wide-range of projects are available, as KÖR’s customers cover all segments of the automotive industry and even beyond, starting from simple measuring equipment calibration requests to more complicated measurements like 3D or X-ray scanning, durability tests or chemical analysis.  

Vendor labs are free to browse and apply for available projects from the list. In a glance lab staff can oversee relevant projects, as the list ranks available work relevancy based on our proprietary matchmaking algorithm, and contains the most important information about each item: the type of work (eg. calibration), the category (eg.electrical measurement), and other parameters (eg. 122 items need to be calibrated onsite, with certification needed).

Some projects are targeted even more precisely to a certain subset of our vendor lab partners, when the client or KÖR’s service operator team already has some experience regarding of a lab’s available services.

On the main Project hub screen you can either switch to a chronological list of recent projects or filter down to the projects you are selectively invited into. Also, you have the option to add projects to your custom watchlist, and decide to apply later on. There is also an option to view the projects that you already applied for. This all gives labs the flexibility to find what’s the most relevant, but with our soon to be released advanced filtering and search options, browsing for projects will be easier than ever.

As you can see, Project hub gives all the flexibility for our lab partners to oversee the market immediately, select projects they want to participate in, therefor build a diverse client portfolio with zero marketing effort. If you run a lab that depends only on a few key clients, Project hub will provide your company a safety net, where you can easily extend your customer base with a few clicks.

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Applying for projects 

Once you found something that fits, you can switch to the detailed view, where the Project hub shows you all the information you need to submit an offer for a project. Creating offers is easy inside Labs, but you can also use a 3^rd party tool, like your own customer relationship system, and upload the exported PDF file as the offer.  

After sending an offer, you are all set, through KÖR’s matchmaking system it will be sent back to the customer for acceptance, and our operations team will be in touch with your lab contacts regarding the next steps.

Let KÖR handle the rest

We are an established international brand with a trusted network of customers and labs. Our Labs marketplace platform is certified and provides the highest possible levels of data security and confidentiality. Our company will help independent vendors by KÖR taking care of liability and compliance towards customers.

Ready to take your outsourcing business to new heights?

We designed Project hub in mind to connect independent labs like yours with a vast network of potential clients from various industries, so you can reach new market, and unleash untapped growth opportunities.

Using Project hub is your first step as a lab toward achieving a diverse portfolio of clients and ensuring long-termbusiness stability.

With our tool, you can showcase your expertise to a global audience. Say goodbye to the painstaking process of prospecting and lead generation. We can match you with potential clients based on their specific needs and your capabilities. Spend more time focusing on what you do best – delivering exceptional services – while we handle the client acquisition process for you.

Sign up today and experience the power of Project hub firsthand. Don't let limited client options hold you back anymore.