Global Sourcing Insight for Business Decision-Makers
  Newsletter | February, 2005 | Issue Five  
 
  Thought Leadership:
From the Founder
 


Q:
Why is outsourcing appealing to midsize companies?
A: A survey conducted by IDC notes that midsize companies are increasingly examining outsourcing as an option. Seventy-seven percent of respondents stated cost-savings to be the key reason for outsourcing operations. We believe that mid-market companies need to evaluate the options and confirm that they are truly paying the best price possible for support of their IT, HR and Finance functions.

Q: What impact does outsourcing have on business and consumers?
A: Outsourcing reduces costs and often provides access to new capabilities that effect both top and bottom-line competitiveness. Both of which contribute to the consumer receiving a better product or service at a cheaper price.

More

   
   
OutsourcingBlog.net:
News from the World of Outsourcing
 
   
 
   
Eastern Europe ready to compete with Asia
Computerworld.com
 
   
EDS expected to open HR outsourcing center in China
Information Week
 
   
F&A Outsourcing improves Governance & Compliance
Accenture (Edited Press Release)
 
   
Mid-size Companies beginning to outsource IT
IDC
 
   
Indian IT industry to employ over 1M people in 2005
The Economic Times
 
   
 
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Announcement : Addition of IT Sourcing Expert strengthens TG’s position in the Telecom Sector. More
 
Essentials: Offshoring by Industry Leaders

An in-depth outsourcing industry study conducted throughout 2004 by research firm, Ventoro, indicates that “95% of firms considered to be Fortune 1000 firms are using an offshore strategy.” Further, the study revealed that 68% of all executives managing existing offshore strategies are planning on increasing their offshore presence.

One conclusion can be easily drawn from such overwhelming statistics: in order to maintain their competitive advantage, industry leaders must do more than simply explore offshoring, rather they must embrace it. This logic holds true across multiple industries to include: the high-tech, financial services, and airline industries.

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