Manage Contractors, Leverage Your Core

As the pressure to cut overhead costs increases, more and more companies are implementing outsourcing strategies to focus on "core" activities. Still, effective outsourcing can be highly complex and determining one’s core competencies is not just a one-time decision process.

For OEMs the challenge lies in figuring out what to farm out, how to select the best provider(s), how to oversee outsourced relationships and protect IP. Conversely, contract designers and manufacturers require clear directives, ongoing contact with the OEM and the ability to use their expertise to get the job done and cultivate a long-term partnership...more