The Outsourcing Institute (OI) is recognized as one of the industry's largest networks of buyers, sellers, and influencers, with over 70,000 members. OI released the results of research from among members who joined the Institute in 2005, finding that they plan to buy over $24 billion in new contracts in 2006, in addition to the $19.4 billion stake in the market that they currently manage.
"Selecting the right service provider can be difficult, and buyers frequently seek the counsel of the top research firms and analyst organizations," said Joe Vales, Co-founder of the Reference Standards Board and former Managing Director of PricewaterhouseCoopers BPO practice. "However, what is so important to buyers, is talking to their peers about their experiences, and The Outsourcing Institute provides an important forum for exchanging perspectives on what's working and who the best service providers are to meet their specific needs."
"Our research confirms the increasing sophistication and buying power of our network," said Frank Casale, Founder and CEO of The Outsourcing Institute. "Members see The Outsourcing Institute as not only a source for best practices but this new research confirms the growing impact of The Outsourcing Institute as a global marketplace for the buying and selling of outsourcing services. For 2006 we are expanding this role even further with new programs designed to increase the interactivity of the community and leverage the buying power of our members."
The new member research findings were reported in The Outsourcing Institute's Eighth Annual Outsourcing Index study of 1,491 new members for 2005. This study has become a frequently quoted source for tracking shifts in buying power and addressing the issues impacting the market. The research, can be found at The Outsourcing Institute's website www.outsourcing.com.
Why should you care? I have to confess my bias having utilized OI as a vendor, buyer and advisor/analyst. The outsourcing Institute has established itself as a fiercely independent marketplace for all parties with an interest in outsourcing to obtain information and education. Keep going back to their site in 2006 as they have some major changes coming to make the experience even better!
Source: Outsourcing Institute