Cost

(Outsourcing) Location, Location, Location: Why it Should Factor Into Your Decision-Making Process

Posted: 12/05/2018 - 03:32
Author: Samuel Andras
Outsourcing has become synonymous with cheap services offered by another country. Lower costs are on everyone’s mind when outsourcing is mentioned, especially in the IT world, where it can make a substantial difference. However, it’s not just about saving a buck. Outsourcing can also help companies find the right talent (and enough of it), reduce overhead and in the end, yes, reduce costs.

The Future of Plain Old Telephone Service: Hang Up or Pay Up

Posted: 11/30/2018 - 04:02
Author: Alakh Krishnani
Plain old telephone service, also known as POTS, is old-fashioned copper wires connected to a standard telephone that provides the power and connectivity to the telephone service provider’s central switching system. Replacing POTS with new technology has become equivalent to replacing a typewriter with a laptop. New technologies in the market like VoIP and wireless can now offer telephone services at a much lower cost than POTS.  
 

Every Day is Black Friday in British Retail

Posted: 11/27/2018 - 23:01
Author: Pro Ganguly
Black Friday is the American retail phenomenon that is the day after Thanksgiving and billed as the start of the Christmas shopping season. Billions of dollars are spent by consumers enticed by heavily discounted items from all retailers for one day only. This concept was imported to the U.K. a few years ago by such American-owned retailers as Walmart and Amazon. 
 

3 Reasons Organizations Should Hop on the Corporate Social Responsibility Bandwagon

Posted: 11/21/2018 - 07:01
Author: Jaisheela Setty
Corporate social responsibility (CSR), also known as sustainability, may not solve world hunger but it can be beneficial to your organization while making a significant impact on society. While many organizations understand the value of CSR, the uninitiated tend to have a distorted view of it. Some believe it’s just greenwashing: donating heaps of money into popular causes or people sitting around a campfire singing Kumbaya, but that’s far from reality. In actuality, CSR can be leveraged to optimize a company’s business processes.

Why CIOs Should Worry About Tail Spend Management

Posted: 08/19/2018 - 05:57
Author: Krishnan Venkat
“Tail spend” represents a significant cost for large enterprises. While comprising a relatively small portion of total cost, the drip-drop accumulation of spend by large numbers of small, non-strategic suppliers making ad hoc and one-time purchases adds up to represent a sizable sum. The issue is exacerbated by inefficient contract management, cumbersome payment processes and a lack of automation.
 

The 5 Advantages of Outsourcing for Effective Global Payroll

Posted: 08/03/2018 - 04:55
Author: Jean-Luc Barbier
The world is more global and digitalised than ever before. As organisations expand globally, business leaders must consider the logistics of payroll and the changes that will need to take place—including mobility, flexibility and the use of technology. Expanding internationally can bring various challenges to HR and payroll departments, as each region has tailored laws and regulations regarding payroll, and there is a large difference between the amount of technology employees use in their personal lives and their work lives. 
 

Procurement: Why You Should Outsource the Work and Not the People

Posted: 06/09/2018 - 00:49
Author: Brian Churchill
Why hire a full time employee for a part-of-the time job?

As procurement professionals, we are always striving to achieve the best total cost of ownership with the products and services we purchase. We’ve seen the negative impact that bottom-dollar pricing can have with respect to quality and delivery. We’ve seen how over-engineered products with high price tags can erode our margins. Our constant aim is to look at each purchase holistically and measure its total value to the company we represent. So why don’t we look at our procurement teams the same way?

Another Brick in the Wall, Part 2 – The Happiest Days of our Lives

Posted: 05/04/2018 - 04:10
Author: Mathew Daniel
For procurement, sourcing construction projects can represent a significant challenge.

For procurement, sourcing construction projects can represent a significant challenge. Given that there are a variety of delivery methods that can be deployed, variability in benchmark cost data, and that owners are more likely to purchase a concept than a commodity, buyers have to navigate a complicated ecosystem in order to bring tangible value.

5 Common Outsourcing Misconceptions

Posted: 04/28/2018 - 00:08
Author: Jaroslaw Czaja
Five common misunderstandings for companies as they set out on their journey for the first time.

Outsourcing or nearshoring IT experts can be commonplace for some companies. These companies will likely understand both the business and technical benefits that outsourcing teams can bring to a project or organisation. As more businesses become driven by technology, demand for skilled IT workers will continue to grow in 2018, driving more companies to turn to outsourcing IT roles. 

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