| Excerpt from: Supply Chain Innovation
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| February 04, 2010 |
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Why some experts say it will have the same impact as Lean and Six Sigma
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Situation: Kate Vitasek is a name you might already know. If not, you should probably make a point of remembering it, because Kate Vitasek and a team of researchers from the University of Tennessee may have uncovered a model that will transform the economics of outsourcing.
The Details: The model is called "vested outsourcing," and it has garnered quite a bit of media attention over the past few months. In short, vested outsourcing is a methodology that encourages companies and service providers to work collaboratively, and become "vested" in each other's success.
What it Means: Under the direction of Kate Vitasek, University of Tennessee researchers studied outsourcing relationships and agreements, and have identified five rules that can help companies develop a sound outsourcing strategy and facilitate true vested, or performance-based, partnerships. Click Here to Read Full Article...
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