Alsbridge advises renegotiating an outsourcing contract may be less expensive option than issuing new RFP

Renegotiation is rapidly moving up the sourcing agenda. As outsourcing markets mature, and supplier competition intensifies, many organizations are taking a fresh look at their outsourcing relationships, according to Alsbridge, the award winning advisors on outsourcing, shared services and offshoring.

In its just released brochure, Renegotiation Success: Upgrading your outsourcing Relationship, Alsbridge illustrates the five success factors needed to underpin good renegotiation practice:
1.     Work collaboratively
2.     Cultivate your options
3.     Get the timing right
4.     Understand the end-to-end renegotiation process
5.     Know the market

Alsbridge believes renegotiation is a vital sourcing tool. However, it is at best complex, at worst highly disruptive. Whether it is BPO, IT or any other function, organizations aiming to get the most out of outsourcing should recognize these lessons brought to the market by Alsbridge.

Click here to download a copy of the Alsbridge brochure: Renegotiation Success: Upgrading your Outsourcing Relationship