Industry News
Management Trends in Outsourcing to a Business Partner
By
Oct 18, 2005, 13:46

Management Trends in Outsourcing

1. The future shape of business is being redefined by outsourcing.

2. Outsourcing is seen as a positive and important management practice.

3. Outsourcing has become more about strategic and efficient business practices and less about saving money.

4. Outsourcing is seen as a solution to business problems.

5. Innovation is seen as the key strategic benefit of outsourcing.

6. About 63% of U.S. companies presently outsource one or more business process to an external service provider.

7. Some innovative companies source out more than 40% of their operations to outside parties.

8. This trend is gaining momentum and will intensify in 2004.

9. In order to maintain a competitive edge, companies are migrating toward less infrastructure.

10. Companies are outsourcing not only functions, but whole business processes.

11. Outsourcing relationships are becoming more like strategic partnerships or alliances.

12. Knowing what to outsource is the ultimate core competency of a company.

13. Supplier relationship assessments are conducted regularly.


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