Top tips for a successful outsourcing deal

Gurjit Degun
28 December 2013
Procurement professionals must be intelligent, balanced and fair customers if they are to outsource successfully.
 
In the latest edition of Supply Business – published in January, Jim Reed, director of procurement at the University of Nottingham, advises on the best way to manage an outsourcing agreement.
 
Top tips outlined by Reed include:
 
• Set up the outsourcing agreement with your eyes open and with extreme care
• Manage the outsourcer throughout the period of the contract
• Prepare for exit at the start of the contract and continue to prepare throughout the period of the outsourcing agreement
• Exit, renew or retender with care and consideration
 
 
Supply Business is an international supply review published quarterly aimed at CPOs and senior stakeholders including CFOs, COOs and CEOs with an interest in procurement and supply operations. The magazine and online access is available on subscription. To subscribe click here or call +44 (0) 20 7324 2746.
 
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