Summary results of the 2008 outsourcing report
Making an informed decision
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Outsourcing is generally recognised as a strategy for producing cost savings, however, by simply following a traditional cost-focused approach, companies may be missing opportunities to gain further competitive advantage.
Why Settle For Less? Deloitte Consulting 2008 Outsourcing Report is a global survey report that addresses this issue. The report outlines the findings of a comprehensive research effort to analyse the outsourcing approaches that companies are currently taking, and identify the leading practices, common pitfalls, and lessons learned from the outsourcing experience. The survey team polled over 300 business and IT executives representing outsourcing buyers, outsourcing vendors, and legal firms.
Treating outsourcing as a strategic objective - Are you looking at the bigger picture? In reality, successful outsourcing - and in particular, outsourcing that drives transformation and helps achieve broad strategic goals requires companies to follow a disciplined process that keeps them focused on taking the right steps and making the right decisions. In short, outsourcing initiatives succeed by design, not luck. The report explores the key dimensions of this design - five main dimensions of the outsourcing process that companies must progress through, as well as the factors that must be considered within each in order to reap the full benefits of the outsourcing. These dimensions are: 1. Rightsizing the deal 2. Building a solid foundation 3. Vendor selection now means something different 4. Striking the deal
Cost reduction is the primary factor motivating most outsourcing decisions
Did you know? Our survey found that a large percentage of the companies that implemented outsourcing reached their financial objectives and averaged a