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Global outsourcing market saw a seven per cent drop in transaction volumes in the first quarter of 2009 against the preceding quarter, according to Everest Research Institute.

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Outsourcing helps you to access some of the specialized services for your company. There is boost in sales as your customers get best breed of services. There is no doubt about that ,outsourcing is one of the most luring methods to reduce costs and have new business partners.

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Outsourcing in literal sense means sourcing from offshore business houses. It refers to sub- contracting of non core aspects of the business to a third party vendor.

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As senior management look at areas where costs can be reduced, IT projects are inevitably coming under increased scrutiny and outsourcers have to prove their worth more than ever, writes Sanjiv Gossain, UK managing director of Cognizant Technology Solutions.

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In times of economic stress, companies see offshore outsourcing as a quick way to reduce IT and other back-office expenses. So they rush to ink deals, and in the process, they cut corners that end up costing them in the long run. Here are eight pitfalls that thwart companies best efforts to save money through offshore outsourcing.

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Annual Shared Services and Outsourcing Week 2009 is a global series of regional flagship events designed to bring together everybody who’s anybody in the combined worlds of captive shared services and outsourcing.

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The London School of Economics and Political Science (LSE) Outsourcing Unit published a report titled “Beyond BRIC”.

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In today’s dramatically altered business environment, containing and/or reducing costs are urgent priorities.

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The world is now deep enough into the current recession that it’s possible to draw some clear conclusions as to how the global outsourcing market is being affected.

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The rules have changed, and business process outsourcing (BPO) has become the cornerstone of the “lean and mean” way of doing business and staying competitive. 

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