turnkey solution (in business)
a solution that is easily and quickly implemented
STATISTICS
IN THE PRESS
The Online Pet, a new subsidiary of CSC Ecommerce, LLC, provides a complete, dynamic TURNKEY SOLUTION allowing a hassle free way to deliver pet products through online personalized eStores.
(PR Newswire)
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Mr Tsai’s breakthrough was in offering not just a chip, but a TURNKEY SOLUTION that included reference designs that made it possible for new phone makers to get into the business.
(Financial Times)
(PR Newswire)
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Mr Tsai’s breakthrough was in offering not just a chip, but a TURNKEY SOLUTION that included reference designs that made it possible for new phone makers to get into the business.
(Financial Times)
Did you
know?
turnkey solution
noun phrase
- equipment or systems ready to be used immediately by the person who is buying or renting it
(Cambridge Advanced Learner's Dictionary)
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A turnkey solution is one that can be easily implemented in an existing environment. It is immediately ready to use upon implementation and is designed to carry out a specific business process.
For example, a company looking to implement an online billing feature on its website can use third-party providers to process each transaction and handle all the technical issues surrounding this complicated process. The use of a turnkey solution in this case allows the company to avoid the headaches of programming the tool in house and the approvals associated with developing a billing system from scratch.
Turnkey is used in other contexts such as in real estate, which refers to a completely finished house - exterior and interior - that is ready to move into. In motorsports, turnkey describes a race car sold with the engine as opposed to just the chassis and frame. This concept sounds a bit silly to the lay person, but that's how it works!
Etymology: Turnkey originally referred to jailers who held the keys to the prison cells. The obvious reference is to "turning" the "key" to lock the prisoners in. How it developed in the sense of "ready-to-use" is not exactly clear, but it likely stems from the idea of simply "turning a key" to bring something into operation.
(sources: Investopedia, Wikipedia)
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SYNONYMS
off-the-shelf, ready-to-use, out-of-the-box, plug-and-play
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SMUGGLE OWAD into today's conversation
"I suggest a turnkey solution if you want to launch an online shop for your business."
noun phrase
- equipment or systems ready to be used immediately by the person who is buying or renting it
(Cambridge Advanced Learner's Dictionary)
---
A turnkey solution is one that can be easily implemented in an existing environment. It is immediately ready to use upon implementation and is designed to carry out a specific business process.
For example, a company looking to implement an online billing feature on its website can use third-party providers to process each transaction and handle all the technical issues surrounding this complicated process. The use of a turnkey solution in this case allows the company to avoid the headaches of programming the tool in house and the approvals associated with developing a billing system from scratch.
Turnkey is used in other contexts such as in real estate, which refers to a completely finished house - exterior and interior - that is ready to move into. In motorsports, turnkey describes a race car sold with the engine as opposed to just the chassis and frame. This concept sounds a bit silly to the lay person, but that's how it works!
Etymology: Turnkey originally referred to jailers who held the keys to the prison cells. The obvious reference is to "turning" the "key" to lock the prisoners in. How it developed in the sense of "ready-to-use" is not exactly clear, but it likely stems from the idea of simply "turning a key" to bring something into operation.
(sources: Investopedia, Wikipedia)
---
SYNONYMS
off-the-shelf, ready-to-use, out-of-the-box, plug-and-play
---
SMUGGLE OWAD into today's conversation
"I suggest a turnkey solution if you want to launch an online shop for your business."
