The method of keeping money (at the same time develop service levels) most organizations have been putting into practice for years? Outsourcing. This article by Richard Raysman and Francesca Morris looks into more companies which are now trying to decide whether the business is best served by moving more services to an outsourcer, bringing everything in-house or utilizing a combination of both options in a process called right sourcing to avoid hazards or risks.
Unavoidable events, such as natural disasters (like recent Super Typhoon Haiyan), may interrupt how every major outsourcing provider has operations off-shore. Thus, companies must always address the following issues to maintain flexibility and adapt to changing circumstances and retain right sourcing options:
- Ability to terminate
- Data rights
- Critical software
- Transition services
- Regulatory compliance
Read the Original Article: http://blogs.wsj.com/cio/2013/11/25/how-cios-can-avoid-outsourcing-risks/