Outsourcing contracts reach all-time high
Filed in archive Outsourcing News on April 20, 2006
According to new research by sourcing firm TPI, outsourcing contracts reached an all-time high during the first quarter of 2006.
The report stated that 83 contracts worth €18 billion have been signed in this period compared to 76 contracts valued at €12bn at the same time in 2005.
Duncan Aitchison, managing director of TPI, said that the strong quarter can be attributed to the rise of contracts being restructured. He stated, "However, even when even when we exclude restructurings, the number of contracts signed so far this year is still a first quarter record."
Aitchison however said that savings from outsourcing have been over-estimated and that client expectations are not usually met. He said, "In our experience, outsourcing arrangements which focus solely on delivering huge savings often fail to meet client expectations. 15 percent is not only a realistic saving, but also a significant one."
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Response from:
Razib Ahmed
(04/25/06 8:09am)
Response from:
US passports
(06/28/06 8:51pm)
Many cost saving strategies look great in the planning but fail to meet more fundamental goals .. those of getting the required job done .. when saving some bucks is pitched to a client .. responsible businesses should fully disclose the potential downsides to outsourcing ..
Response from:
ISI
(07/09/06 9:18am)
It is true that outsourcing will continue and it is for good. Hundreds of companies like www.infosoftechindia are providing cutting edge services to the global companies keeping them competitive.
Response from:
Trisha
(07/12/06 3:47am)
Culturally there are vast differences between Indian business world and its western counterparts. I suggest that the visitors prepare themselves for the cultural differences in Business India.
If you are aware of these cultural differences you can certainly turn the high skilled Indian workforce to your advantage.
There is a useful ebook about the Indian Business culture at: http://www.hipcoders.com/india_business_etiquette/index.html
If you are aware of these cultural differences you can certainly turn the high skilled Indian workforce to your advantage.
There is a useful ebook about the Indian Business culture at: http://www.hipcoders.com/india_business_etiquette/index.html
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