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BNET Business Dictionary
- Outsourcing
- the transfer of the provision of services previously performed by in-house personnel to an external organization, usually under a contract with agreed standards, costs, and...
- Outsourcing definition on BNET »
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- Outsourcing to China
- The benefits of outsourcing to China are clear; it can be both cost effective and efficient. However understanding the laws, navigating the bureaucracy, and negotiating the contracts can be tricky. Find out how to develop Guanxi and increase your odds for successful manufacturing in China.
- Videos 2008-05-16
- Cost of Offshore Drilling Rising as Fast as Oil Prices
- A supply shortage for classes of offshore rigs capable of drilling in up to 10,000 feet of water means that the daily rate that operators pay to rent a high-end, deep-water drilling rig is now $500,000 to $550,000. That's up from a day rate of $450,000 to $500,000 a year...
- Blog posts 2008-05-08
- Marsh & McLennan Posts Loss on Kroll Write-down
- NEW YORK (Reuters) - Marsh & McLennan Cos MMC, which runs one of the world's largest insurance brokerages, on Wednesday posted a first-quarter loss, as it wrote down the value of its Kroll risk consulting and technology unit. The net loss totaled $210...
- News items 2008-05-07
- Tullow Ghana Oil Find Sends Shares Soaring
- LONDON (Reuters UK) - Oil explorer Tullow Oil TLW said its Mahogany-2 well offshore Ghana has hit a significant column of light oil, indicating its Jubilee field is bigger than earlier thought and sending its shares soaring. Tullow shares leapt as much as 20 percent to...
- News items 2008-05-06
- 7 Biggest Mistakes Of Business Startups
- Many missteps occur because new owners insist on doing everything themselves. Instead, review what you do best and try to delegate or outsource the expertise you lack. And when the inevitable errors do arise, remember the old adage: Learn from your mistakes. If you keep an open mind and heed...
- White papers
- Off Shore Oil Exploration Project ? Exploration and Production
- The Royal Dutch/Shell Group of Companies - usually known as Shell - has grown out of an alliance, made in 1907 between the Royal Dutch Petroleum Company in the Netherlands and the Shell Transport and Trading Company, P.L.C., in the UK. Today the Group has five core businesses of which...
- Case studies
- TECHNI-SOLV 2000 Barium Sulfate Scale Dissolver Removes Barium Sulfate Damage From Off-Shore Well
- Offshore in the Gulf of Mexico a well was completed at a well depth of 12,200 ft in a sandstone formation. Initial production was recorded at 950 BOPD, 50 BWPD, and 3.5 MMCF of gas. During the next year the production declined to 130 BOPD, 250 BWPD, AND 50 MCF...
- Case studies
- Iowa State University and Johnson Controls Develop Relationship Based on Service
- Iowa State University, a land grant university that opened in 1858, serves 25,000 students and 6,000 faculty and staff. Maximize energy efficiency and equipment reliability of campus buildings. Utilize physical plant staff members effectively. Install the Johnson Controls, Inc. building automation system product line, including the current Metasys Facility Management...
- Case studies
- Equitas - Managing Service Transition
- Reinsurance company, Equitas, has a different goal to many commercial organizations. It was created in 1996 to run-off the 1992 and prior years liabilities of Lloyd's of London syndicates. Equitas was tasked with the challenge of finding a solution that would retain valuable people within the business long enough for...
- Case studies
- Furmanite at the Cutting Edge
- Plans to unlock the immense reserves of the Azeri-Chirag-Gunashi ACG field entered their next stage following an extensive rig upgrade on the Chirag platform. Installation of the new well demanded a reliable and versatile casing cutter, one able to cope with the harsh environment. Casing cutting is a cold cutting...
- Case studies
- Millennium Bridge
- Whitby Bird and Partners, based in London, is a multi-disciplinary consulting engineering firm at the leading edge of technology and innovation. Their competition-winning design for the York Millennium Bridge across the River Ouse was inspired by the spokes of a bicycle wheel and consists of an inclined arch with radially...
- Case studies
- New Look: Driving Business Performance Through Improved Decision-Making and Outsourcing
- New Look, a UK-based women's wear fashion retailer had grown rapidly in just a few years. With more than 500 stores across the United Kingdom and France, it had outgrown its legacy information systems. Its financial performance started to flounder and its people were frustrated. With the addition of New...
- Case studies
- BlueScope Steel Teams With Capgemini to Address a Changing Environment
- As part of its de-merger from BHP Billiton, BlueScope Steel was required to identify a cost-effective alternative for delivering the back office processing services that were previously provided by BHP Billiton Shared Services. Capgemini created a Business Process Outsourcing entity BPO, which allowed these services to be transparently and successfully...
- Case studies
- Legacy Software Evaluation Model for Outsourced Maintainer
- Outsourcing has become common practice in the software industry. Organizations routinely subcontract the maintenance of their software assets to specialized companies. A great challenge for these companies, is to rapidly evaluate the quality of the systems they will have to maintain so as to accurately estimate the amount of work...
- White papers
- Don't Sign That Contract! Getting the Best Price From Your Service Provider
- Renegotiating an outsourcing relationship isn't easy. In many instances one's existing service provider may surprise one with an entirely different pricing approach, which may not be the advantage. Today, clients expect a strategic relationship or partnership with their providers. A vendor provides an integrated set of functional services, some of...
- White papers
- Offshoring BPO to Pakistan: TRG's Experience
- The Resource Group TRG is one of the largest offshore-controlled BPO companies in the world. Its business consists of taking controlling stakes in business services companies in North America and Western Europe, and repositioning them for growth using a globalized service delivery model. TRG established its offshore facility in Lahore,...
- White papers
- The Art of Management in Outsourcing
- The sourcing business is to some extent a very people-intense business. People overlook HR and they look at that as a downstream process. Many outsourcing contracts are defined at a very high level, for instance a CIO level, VP level, sometimes CEO level. Outsourcing is not a new concept. Internal...
- White papers
- When Minneapolis Outsourced Its IT Department
- When the city of Minneapolis in December 2002 outsourced much of its IT technology and infrastructure to Unisys, it operated differently than other municipalities in its outsourcing arrangement. The city of Minneapolis wanted to turn IT infrastructure into a utility. Since 60 percent of Minneapolis' IT budget was devoted to...
- Case studies
- Product Review: Outsourcing Management Made Easier With Enlighta
- Enlighta Govern from Enlighta belongs to a fairly new breed of tool that can help to automate the mind-numbing aspects of one's outsourcing strategy. Overall, the goal is to create a single point of entry into all aspects of sourcing management, to provide a consistent process and practice across the...
- White papers
- Outsourcing HR Functions: When - And When Not - To Go Outside
- What HR functions can and should be outsourced? What are the advantages and disadvantages of doing so? This paper addresses these issues. This paper and the outsourcing model that is presented summarize many years of research on outsourcing. It also draws on evidence from the field that supports or contradicts...
- White papers
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