Strida Bicycles was moving its production from the UK to Asia. Its design team was based in both places. Outsourcing its product lifecycle management allowed the company to change gears quickly. Reduced paperwork alone gave Strida a 500 percent return on investment.
Sometimes the source for efficiencies, cost savings and innovation is in the buyer’s own back yard.
For a company considering an outsourcing transaction – IT or business process outsourcing (BPO) – there are ways to improve the chances of getting the best deal for your outsourcing buck.
When companies make the decision to outsource — or they have already outsourced — they often ask the question, Why benchmark? They are confident that outsourcing will save them money, or they know they are already paying less for outsourcing than their internal operations cost. So what is the value of benchmarking?
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