ADVISORY, Nov. 15, 2006 (PRIMEZONE) --
WHAT: On November 16, 2006, Compass North America's Sourcing
Service Line Leader Bill Fowler will discuss recent gains of
the "Proxy Bid" alternative to traditional formal
outsourcing reviews.
Finding the true value of outsourcing arrangements can be
problematic for any organization. Organizations approaching
the end of their outsourcing contracts - as well as those
considering outsourcing for the first time -- are
increasingly turning to the "proxy bid" approach to evaluate
the competitiveness and quality of existing and proposed
services.
A proxy bid is an analytical approach to comparing the actual
price an organization pays for a 'basket' of services with
the prevailing market price of a comparable 'basket' of
services. Developed by a third party independent benchmarker,
a proxy bid allows access to detailed and granular pricing
data for outsourced processes and services, and a thorough
understanding of the outsourcing service provider's
operations and price drivers.
The Compass webcast will:
-- Outline the basic benefits of the proxy bid approach
-- Examine why a proxy bid can save organizations up to
90 percent versus a formal bidding process
-- Include case studies to illustrate how some organizations
have effectively used the proxy bid method.
WHEN: Fowler will discuss these trends on an interactive
webcast on November 16, at 11 a.m. EST.
HOW TO ATTEND/
CONTACT:
Write facts@compassmc.com for registration information or
contact Thomas J. McFeeley, Environics Communications, at
tmcfeeley@environics-usa.com or (203) 325-8772, x. 12.
About Compass:
Compass (www.compassmc.com) is a global management consulting
firm specializing in business and IT performance improvement
for Fortune 1000 organizations. Since its founding in 1980,
Compass has conducted more than 8000 engagements in 32
countries. Annually, Compass delivers over 600 engagements
worldwide, typically delivering savings of over 17 percent of
analyzed costs.