OutsourcingMonitor.EU - The European-focused Global Outsourcing Business-Intelligence Centre Launches
Munich, Germany, April 19th, 2006
OutsourcingMonitor.EU is the unique resource centre for European companies in the process of outsourcing.
Leading experts and research institutes have concluded that outsourcing, and especially offshoring, is the most powerful way for companies to reduce costs, improve quality, and extend the scope of customer services.
"Outsourcing and offshoring (Global Sourcing) can create a new and vital source of flexibility for European companies" says Eileen Kleinman, founder of OutsourcingMonitor.EU "Global Sourcing will help them meet fluctuations in demand- a flexibility presently hindered by the thicket of strict labor laws".
In addition, Europe's rapidly aging populations will inevitably lead to increasingly necessity in coming years to offshore labor needs in order to make up for the shrinking workforce.
"If European and especially German companies are to stay competitive and survive", says Garan Goodman of Goodman & Co, a Munich based offshoring consultancy, "then there is no option but for them to outsource near-shore or off-shore, and the smart ones have started yesterday".
Yet, the common notion prevails, that outsourcing offshore is a big no-no, that would result in contributing to the growing unemployment problem - a most unsocial thing to do and bad public image of corporate or home-brand.
"Germans and EU businesses have concerns over poor quality of workmanship, cultural difficulties, language shortcomings and especially with the right vendor selection process", says the OutsourcingMonitor.EU founder, Ms Kleinman.
"Over 48% of IT implementations are guaranteed to fail or are over budget", say the Technology Evaluation Centers Inc. experts. It is a capital concern to avoid solutions that do not fit the business requirements, and to determine which solutions fail and why.
Non-the-less, the simple fact is that globalization is gathering speed and can’t be stopped. It is also a fact that Global-Sourcing (outsourcing offshore or near-shore) is the way all large corporates and even more and more small to medium companies are headed.
"European companies are increasingly going global, since the risk of not doing so greatly outweighs the comfort of staying domestic" says Mr. Goodman.
"It is critical decision makers select the right solution from the very start" says Ms. Kleinman. OutsourcingMonitor.EU offers offshoring-outsourcing decision-makers and consultants access to premium tools and templates that are proven to save an organization months of work, time, money and resources.
OutsourcingMonitor.EU is the new voice of European outsourcing. The site aims to educate and help European companies by monitoring latest outsourcing & offshoring trends, news, best-practices and providing thought management.
The site aims at facilitating highly successful introductions of buyers and sellers of outsourcing services and solutions.
Visit www.outsourcingmonitor.eu for more information or email support@outsourcingmonitor.eu
Press Contact:
Eileen Kleinman
email: support [at] outsourcingmonitor [ dot ]eu
www.outsourcingmonitor.eu
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