Secrets Exposed - What Are the Hidden Costs in Outsourcing?

Companies say they entered an outsourcingcost. The best they can do is report transition
agreement believing that they understood alltime; a measure offering only limited insight into
major costs. They agree that some amount waswhat drives transition cost.
needed for activities such as finding a vendor,Managing the effort
drafting the contract and managing the effort, butA company knows what it pays to the vendor.
they think the amount would be negligible - inIndeed, many businesses outsource to find out
some cases, they halved or even cancelled outhow much they pay for IT. Management costs, in
the company's potential savings from outsourcing.contrast, are purely internal. Because of the costs'
Vendor search and contractingrelative obscurity, many companies do not take
Many enterprises underestimate the expense tothem into account until they become visible -
identify and evaluate suitable IT vendors, select ausually when the overall outsourcing cost has
finalist, and negotiate and draft the contract.noticeably escalated.
Companies incur such costs before spending theTransitioning after outsourcing
first dollar on the actual work. Additional time andThe fourth hidden cost comes from switching
expense early on helps avoid problems later, suchvendors or reintegrating activities internally. Most
as having to renegotiate the contract ormanagers are reluctant to think about the end of
constantly monitor the vendor to get the neededthe contract. Outsourcing to focus on a
performance.company's core business or to cut costs is
Transition to the vendorgenerally meant to be permanent. Companies do
Most companies do not realize how much theynot plan to reintegrate. Even switching vendors is
have spent until the transition is complete. It cana move they prefer to avoid. Thus, regardless of
take months before the vendor knows as muchhow the contract ends, the end signifies a failed
as the internal IT department, and it is hard tooutsourcing effort. Most managers find it hard to
say exactly when the vendor has taken over.consider that possibility.
Most managers are unable to analyse transition