ProcurementIQ’s custom research analysts are trained to offer unique solutions to your procurement challenges. When tough sourcing projects arise, you can rely on CustomIQ for tailored market intelligence that answers your specific questions.
To help you understand the range of custom research services offered, we provide project samples like this one on offshoring professional services.
You can view the full project by downloading the custom report here.
Introduction
For decades, companies have relied on outsourcing to cut costs, improve speed to market and promote agility. With cost savings being the main driver behind outsourcing, many companies turn to lower-cost providers overseas or in neighboring countries. This practice, referred to as offshoring or nearshoring, is more challenging than outsourcing to nearby vendors. Procurement teams need a firm grasp on the risks and benefits of offshoring before they decide to hire third parties.
The Client
While reevaluating their strategy for offshoring professional services, a large North American bank contacted ProcurementIQ for help understanding the offshoring landscape. The client had been using India as their primary offshore location for professional services, but wanted to explore offshoring options in other countries.
The Project
Given that the client had plenty of experience offshoring to India, ProcurementIQ set out to identify five additional geographies for offshoring professional services.
You can view the full project by downloading the custom report here.
Using sources like World Bank, the International Labour Organization and other reputable databases, our analyst was able to evaluate each of the five countries based on the client’s criteria.
The project organizes the different countries based on the macroeconomic, legal and political criteria outlined by the client, as well as the geographic factors our analyst identified through her research.
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