Why Data-Driven Supply Chains are the Future
Supply chain leaders are seeking new ways to deal with geopolitical turmoil, labor issues, inflation, climate change, supply challenges, and cyber-attacks. Any signs of recovery in areas like manufacturing, semiconductors, and automotive are jeopardized by supply chain disruption. Many are now bracing for a prolonged recovery on unclear terms due to a flurry of events […]
Tackling the Supply Chain Dilemma
Information is the key to improving any system. This notion is the foundation of a data-driven supply chain, which uses big data and analytics to optimize procedures at all levels of the supply chain. This is made possible by a variety of technologies, ranging from interconnected IoT sensors to warehouse robots and everything in between. […]
Looking Beyond Risk Research and Focusing on Global Trends in Procurement
Nobody knows the details of an outsourcing relationship more than the individuals and teams who work with the partners on a regular basis. For most companies, that is the procurement team. Procurement teams provide insight on whether the outsource partner is meeting expectations agreed upon and if the terms of the agreement need to be […]
What Business Areas to Outsource
Outsourcing can be a very exciting and fulfilling venture to take. It’s an excellent, proven strategy to increase your profit by saving time and energy to focus on your core competencies. However, for those who are exploring outsourcing for the first time, it can be a bit tricky to figure out what exactly you should […]
BPO and KPO Explained
Business Process Outsourcing (BPO) is the practice of contracting an external service provider to carry out an essential business task. This can be done for any supplementary business function such as accounting, customer support, telemarketing, data recording, and many more. BPO helps businesses stay focused on their core competency. This results in increased productivity and […]
The True Cost of Nearshore Outsourcing
While the offshore model of outsourcing has been traditionally less expensive for companies than nearshore or onshore models, rates are increasing across all models of outsourcing as it becomes a viable solution to meeting IT goals and digital transformation initiatives. Even with the rising rates, outsourcing continues to be a lower-cost alternative to in-house software […]
Top 5 Reasons for Outsourcing to the Philippines
Running a business can be tough. There are so many different departments and tasks that a business owner needs to consider. The best companies are always looking for strategies to help them run as smoothly and efficiently as possible. For many companies, including several of the top conglomerates in the world, the answer has been […]
How much would you spend on nearshore outsourcing services?
Prior to 2020, the trade war between China and the United States created uncertainty and confusing messages about the benefits of a global economy. Nearshoring was being considered as a solution with caution. Then came the COVID-19 pandemic, which wreaked havoc on many companies’ supply lines, leaving them with idle plant floors, empty warehouses, and […]
How to Empower Procurement and Prepare for the Next Crisis
The COVID-19 pandemic has put a huge burden on global supply systems, suspending production and shutting down airports and seaports, disrupting raw material and finished goods deliveries. Procurement departments went into crisis mode at the start of the pandemic to help companies avoid interruptions, such as acquiring personal protective equipment for personnel and assisting smaller […]
Can you outsource innovation?
By 2023, the market for research and development (R&D) outsourcing is expected to increase at a compound annual growth rate (CAGR) of more than 8%. This is not surprising considering the ever-more complex products and solutions, the head-spinning pace of technological development, and the resulting need for more diverse expertise. The question now is: Can […]
