PROMISE: Our kitties will never sit on top of content. Please turn off your ad blocker for our site.
puuuuuuurrrrrrrrrrrr
ISO
Published: Tuesday, December 2, 2014 - 16:54 (ISO: Geneva) -- As businesses worldwide look to be more nimble, reduce risks, and tap into wider networks of expertise, it’s no wonder that the trend toward outsourcing has exploded. Just as well that a new ISO standard for outsourcing has been published.
Outsourcing—transferring work to external companies—is nothing new. But in recent years it has taken off according to Deloitte’s 2014 Global Outsourcing and Insourcing Survey, and they predict the trend to continue growing at rates of 12–26 percent. Initially focused on highly transactional back-office processes or noncritical services, outsourcing now encompasses strategic functions, with some companies off-loading entire segments of their value chain. Providing access to the latest technologies, reducing headcounts, and therefore reducing risks make outsourcing highly attractive. But it’s not without challenges, some rising from the plethora of methodologies. Developed by experts from industry and standardization ISO 37500:2014—“Guidance on outsourcing” is for those who have already made the decision to outsource. Its focus is on the common processes and best practices for success, putting governance at the heart of the standard. “Experience has shown that many of the problems arise from the lack of, or poor, governance practices,” says outgoing chair of ISO/PC 259 Adrian Quayle. ISO 37500 addresses issues of flexibility in outsourcing arrangements, accommodating changing business requirements. The risks involved in outsourcing are addressed to enable mutually beneficial collaborative relationships. The standard is intended to relate to any outsourcing relationship, whether outsourcing for the first time or not, using a single-provider or multi-provider model, or draft agreements based on services or outcomes. In addition it can be tailored and extended to industry-specific needs to accommodate international, national, and local laws and regulations including those related to the environment, labor, health, and safety; the size of the outsourcing arrangement; and the type of industry sector. The financial rewards, the flexibility, and increased productivity promised by outsourcing mean it will be a hot commodity for some time yet. ISO’s job will be to monitor developments and trends and to create standardized solutions for issues that arise. Quality Digest does not charge readers for its content. We believe that industry news is important for you to do your job, and Quality Digest supports businesses of all types. However, someone has to pay for this content. And that’s where advertising comes in. Most people consider ads a nuisance, but they do serve a useful function besides allowing media companies to stay afloat. They keep you aware of new products and services relevant to your industry. All ads in Quality Digest apply directly to products and services that most of our readers need. You won’t see automobile or health supplement ads. So please consider turning off your ad blocker for our site. Thanks, The International Organization for Standardization (ISO) is the world’s largest developer and publisher of international standards. ISO is a network of the national standards institutes of 162 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a nongovernmental organization that forms a bridge between the public and private sectors. ISO enables a consensus to be reached on solutions that meet both the requirements of business and the broader needs of society. View the ISO Standards list.Boom in Outsourcing Leads to New ISO Standard
ISO 37500 is intended to relate to any outsourcing relationship
Our PROMISE: Quality Digest only displays static ads that never overlay or cover up content. They never get in your way. They are there for you to read, or not.
Quality Digest Discuss
About The Author
ISO
© 2022 Quality Digest. Copyright on content held by Quality Digest or by individual authors. Contact Quality Digest for reprint information.
“Quality Digest" is a trademark owned by Quality Circle Institute, Inc.