Functional Service Provision (FSP) is a targeted outsourcing model that is widely used across a variety of STEM sectors, including in the pharmaceutical, biotech and medical device manufacturing industries.
Unlike full-service outsourcing solutions, in which an entire project is handed over to a Contract Research Organisation (CRO), an FSP allows companies to outsource specific functions and tasks but still retain control over their overall project.
Via an FSP, Synergy Scientific Solutions’ dedicated team of scientific experts provide versatile, specialist services, expertise and resources to deliver on the specific requirements and goals of an organisation, whilst their own people focus on their core strategic objectives.
Key Components and Benefits of an FSP
Opting for a Functional Service Provision and outsourcing particular projects and services to experts such as the Synergy team can prove a highly efficient and cost-effective choice for many scientific organisations; especially those that work within tight time and budget constraints, or don’t have the specific skills and knowledge their project needs within their own teams.
The many key components and benefits of an FSP include:
- Specific Functional Services: An FSP enables an organisation to outsource particular services and utilise a targeted approach to applying specialised expertise to specific functions – without relinquishing control over the overall project, or areas where assistance isn’t required.
- Flexibility and Control: One of the main advantages of FSP is flexibility. The solution can be tailored to match the needs of a company, their projects and resources. And, even whilst benefitting from the outsourced expertise of specialist teams, control is always maintained by the company.
- Cost Efficiency: Outsourcing specific functions and tasks enables companies to manage their project budgets more effectively and potentially result in a stronger return on investment. An FSP approach reduces costs compared to full-service outsourcing, as it allows for more efficient allocation of resources.
- Expertise and Specialisation: Experts specialising in particular functions, such as those within the Synergy Scientific Functional Service Provision team, can provide more tailored, targeted and high-quality services. This specialisation ensures that each aspect of the project is handled by experts in specific fields, leading to better outcomes delivered with precision and accuracy.
- Risk Mitigation: Outsourcing specific functions to scientific experts can help mitigate risks associated with particular tasks and projects, as they have the experience and knowledge to handle complex activities efficiently and effectively.
Evolution and Potential of FSP
The Functional Service Provision model has evolved in response to the changing needs of the pharmaceutical and biotech industries. Previously, companies would outsource entire projects to a single CRO, but the approach doesn’t offer the required level of flexibility or specialisation.
The emergence of FSP has allowed for this, whilst also providing companies with the ability to maintain control over their projects, whilst benefiting from the knowledge, skills and experience of scientific specialists, as well as potential cost savings and risk mitigation.
What’s more, by outsourcing specific functions to experts via an FSP, companies are potentially enabling the acceleration of developments and breakthroughs – benefits that could have impacts reaching far beyond the scientific community and STEM industries.
Find out more about Synergy Scientific Solutions
Synergy is a scientific functional service provider who specialise in partnering with laboratories across the globe to help scientists ‘break free’ from operational constraints to ‘break through’ in science.
We work closely and collaboratively with our clients, creating tailored solutions before training and managing teams of integrated staff to complete protocol-driven tasks to enhance your business efficiency.
