Strategies for Global IT Outsourcing
As organizations expand globally, demands on IT departments increase exponentially. To meet these demands, many companies outsource IT services offshore. The traditional focus has been on cost savings due to the increased availability of lower cost skill sets in global locations. Companies often transition offshore aggressively to capture cost savings quickly in response to declining margins.
Cost savings, however, are a one-time return. Companies are now looking beyond the one-time, cost-based decision to move offshore and are broadening the scope of their global sourcing strategy. This often includes expanding beyond the initial low-cost region into multiple locations around the world to mitigate inflationary or geopolitical risks. "Multishoring" describes this productive combination of onsite, nearsite, nearshore, and offshore sourcing.
Read on for eight best practices that will ensure a successful multishoring strategy. |