Remove Government Remove Inventory Management Remove Offshoring Remove Right-Sizing
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The Rise of Global Business Services: The Future of Shared Services

Zinnov

“ Efficiency is doing things right; effectiveness is doing the right things. ” – Peter Drucker In the 1980s, Shared Service Centers (SSCs) and third-party Independent Software Vendors (ISVs) significantly changed how American organizations managed essential functions by providing access to global talent.

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The Glossary of Outsourcing Jargon by Premier BPO

Premier BPO

An offshore contract-based development model in which one organization hires another to build and set up operations, which the external firm controls for a certain period of time, before transferring ownership to the parent company. Usually applied to financed large-scale projects or local government operations. . Offshoring.

BPO 52
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11 Cost Reduction Strategies in Procurement

Obobo

Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices. Optimize product pricing by selecting the right vendor , negotiating more favorable terms, and exploring alternatives.