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'Planning, sourcing - key to multisourcing engagement'

Written by: Staff
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Bangalore, Dec 5 (UNI) Planning, sourcing, transition and governance are the key differentiators in a successful multisourcing engagement, according to neoIT's latest research paper on successfully navigating a multi-vendor services globalisation strategy.

The report, published today by NeoIT, a leading services globalisation consulting firm, dwelt upon ways to avoid the typical pitfalls of a multi-vendor services globalisation strategy.

It addressed the complexities brought about as companies diversify their global sourcing supplier strategy. As services of globalisation suppliers become increasingly specialised, many global companies were moving from a single outsourcing vendor to a multi-vendor strategy. When implemented successfully, a multi-vendor sourcing approach could help to reduce costs, risks and increase operational efficiency, the report said.

The report included a case study of a fictitious company as it transitioned from a single vendor to a multi-vendor sourcing strategy. It recommended a structured sourcing approach, a detailed portfolio assessment and a well planned work allocation among the suppliers.

NeoIT CEO Atul Vashistha said ''there is no right or wrong way of global services multi-sourcing, but it's clear that one of the most important aspects of a successful multi-vendor global sourcing strategy is proper planning.'' UNI RM GD TS2002

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