Story: 0528OSO_XERox 6 pg gatefold reprint Page: 1 of 2 (pg. 5, 6, cover) Issue: 05/28/01 2001 Winning in Today’s Web-Driven, Global Economy through Outsourcing 10 7/8” 10 7/8” P R O D U C E D To learn more about Xerox Business Services, visit us on-line at http://www.xerox.com/services 7 7/8” 8” A S S O C I AT I O N W I T H M I C H A E L F. C O R B E T T & A S S O C I A T E S, featuring © 2001 Time Inc. XEROX6, The Document Company6, the digital X6 are trademarks of Xerox Corporation. I N R E P R I N T E D SPECI FROM A L P T H E SUPPLEM 2001 ISSUE R O M O T I O N A L M A Y 28, 8” E N T O F F O R T U N E® L T D. 6 pg gatefold reprint Page: 2 of 2 (pg. 2, 3, 4) Issue: 05/28/01 Outsourcing 2001 OUTSOURCING IS REDEFINING BUSINESS IN WAYS FEW COULD HAVE IMAGINED JUST A FEW SHORT YEARS AGO. IN FACT, IT’S INCREASINGLY DIFFICULT TO IMAGINE HOW ANY ORGANIZATION COULD SURVIVE, LET ALONE THRIVE, WITHOUT OUTSOURCING. N 10 7/8” O ORGANIZATION can stay competitive in today ’s environment by relying solely on its own resources,” says Dr. Wendell Jones, outsourcing pioneer at McDonnell Douglas in the early ’90s and today CEO of Outsourcing Advisors International. Industry reports suggest that most executives agree with Dr. Jones’s assessment. Based on research conducted for The Outsourcing Research Council by Michael F. Corbett & Associates, Ltd., the roughly 3,000 U.S. companies with more than half a billion in revenue will spend 7 percent of that revenue – or $874 billion – on outsourcing this year. That’s an amount just about equal to the total revenue of the top five companies on the 2001 FORTUNE 500< list and it’s one-third larger than the entire discretionary portion of the U.S. federal government budget. Add to that the fact that almost every industry study projects outsourcing spending to continue to climb at a rate of 15 percent to 25 percent per annum for the foreseeable future and you begin to understand outsourcing’s impact on the way we now do business. As the information in this special report demonstrates, this use of outsourcing is expanding in another way as well. It’s expanding across every facet of the modern organization. From technology to facilities to corporate services to customer care, organizations are using outsourcing to fundamentally change every aspect of their operation, and they are doing so to the benefit of their cus- tomers, employees, and shareholders alike. Gone are the days when outsourcing could be viewed as a zero-sum game – where the organization achieved a quick cost reduction at the expense of other parts of its business. In fact, almost two-thirds of attendees at this year’s Outsourcing World Summit said that cost savings was not their company ’s primary reason for outsourcing. Just as important were freeing executive time and organizational resources for refocusing on the core of the business and improved competitiveness through increased quality, speed, and innovation. “Outsourcing really isn’t about taking anything out of the busi- ness,” says Brian Maloney, president of AT&T Solutions, “ it’s about investing in the relationship and becoming a virtual extension of the client’s business.” ONE STANDARD: BEST-IN-WORLD Today ’s Web-driven, global economy forces executives to reexamine every aspect of their business against a single standard: “ best-in-world.” As James Brian Quinn, Buchanan Professor of Management at Dartmouth College, so powerfully puts it, “Core competencies are quite simply what an organization is best-in-world at. Everything else is somebody else’s core competency TOP REASONS FOR OUTSOURCING CONSERVE CAPITAL 1% FOSTER INNOVATION 4% INCREASE SPEED TO MARKET 10% IMPROVE QUALITY 13% REDUCE COSTS 36% FOCUS ON CORE 36% Source: The 2001 Outsourcing World Summit Copyright© 2001 Michael F. Corbett & Associates, Ltd. All rights reserved. 8” and is better acquired through a strategic relationship with that firm.” If an organization continues to perform non-core activities inside, it ’s a sure bet that it is sacrificing some part of its competitive edge – something few can afford to do for long. At the same time, the resource and talent pool from which an organization can draw is increasingly global as well. For example, technology now makes it possible to operate a network of centers anywhere in the world almost as seamlessly as if they were next door. Similar examples can be drawn from such areas as manufacturing, programming, product design, and even accounting and finance. Outsourcing service providers, because of their focus and investment in what to others is often a lower-return back office operation, are particularly adept at leveraging these emerging global talent pools. Technology – especially the Web – has also unleashed a rapid-fire pace of change never before seen in business. This makes it increasingly important for organizations to maintain a flexible, variable cost structure – one that can be adjusted quickly, up or down, depending upon the shifting realities of the business. Here again, outsourcing plays an important role in helping organizations remain nimble. Through outsourcing, they acquire needed results not through internal investments in employees and fixed assets but through a different kind of investment – an investment in a flexible relationship with a service provider. Finally, and possibly most importantly, is innovation. As James Brian Quinn says, “ No company alone can possibly hope to out-innovate all the competitors, potential competitors, suppliers, and external knowledge sources in its marketplace worldwide.” This is probably the single strongest argument for outsourcing in today ’s Web-driven, global economy – harnessing the innovative solutions that only specialized firms can generate. It is their singular, passionate focus on doing what they do best that XEROX CORPORATION FOUR OF THE NATION’S LEADING WIRELESS COMMUNICATIONS PROVIDERS JOINED FORCES TO FORM VERIZON WIRELESS. XEROX CORPORATION HELPED THE COMPANY ACHIEVE ITS AGGRESSIVE GOALS FOR EFFICIENCY AND GROWTH BY DELIVERING A 13 PERCENT SAVING IN DOCUMENT MANAGEMENT COSTS. V makes this possible. Outsourcing is, after all, all about leveraging this power and directing it toward the customers you serve and the markets in which you compete. THE THREE “S’S” OF SUCCESSFUL OUTSOURCING Although nothing as complex as a longterm relationship between two companies can ever be distilled down to mere sound bites, there are some overarching concepts that are common to successful decision making and execution. The first “s” is strategy. Much as the Cheshire Cat advises Alice that which path she should follow “depends a good deal on where you want to get to,” outsourcing should not be seen as an end point, but a means to an end. Successful organizations do not outsource to outsource; they outsource to create specific advantages for their business. Successful outsourcing emanates from and stays in lockstep with the business’s strategy. By thinking strategically and understanding how leveraging the unique capabilities and resources of specialized outside organizations can help, an executive will find himself or herself pursuing the right relationships for the right reasons. 8” The second “s” is selection. This means selecting the right areas to apply outsourcing to and, even more importantly, selecting the right organizations with which to partner. The final “s” stands for system. There must be a management system for making sure that the relationship continues to generate the advantages sought and receives the necessary ongoing investment of management time, attention, and energy. Once created, an outsourcing relationship becomes a strategic asset – just as valuable and equally as critical to the organization’s success as any other asset. As today ’s Web-driven, global economy continues to reshape businesses in new and unexpected ways, one thing is certain: Competition and the drive to improve business performance while managing risks will dominate executive thinking and action. Outsourcing is a powerful weapon in the executive arsenal. Connecting outsourcing to the business’s strategy, selecting the right opportunities and partners, and then supporting those relationships with a system designed to manage the risks and opportunities are the essential success factors for this still-evolving business model. ERIZON WIRELESS is the largest wireless communications provider in the U.S., with 28 million voice and data customers. The new coast-to-coast provider was formed last year through a combination of the U.S. wireless businesses of Verizon Communications and Vodafone, including Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, and PrimeCo Personal Communications. Headquartered in Bedminster, New Jersey, Verizon Wireless has 40,000 employees serving customers in 96 of the top 100 U.S. markets. John McGrath, Verizon Wireless’s director of procurement for facilities and administration, says, “Pulling this new business together – across all of our newly combined facilities – was the top priority. We launched a corporatewide initiative to drive both cost savings and consistency in all our facilities. The outsourcing of non-core activities to trusted partners with the expertise and proven delivery excellence was a key part of this initiative. We “ We look for partners with a solid track record with us – companies that combine both process expertise and the right people skills.” JOHN MCGRATH Director of Procurement for Facilities and Administration Verizon Wireless looked for partners with a solid track record with us – companies that combined both process expertise and the right people skills. Our partners needed to be able to create the right relationship and then back it with a structure that could maintain those services over time.” CONSISTENT OPERATIONS SUPPORT FUTURE GROWTH Xerox Business Services, the global Document Company headquartered in Stamford, Connecticut, has had a relationship with Bell Atlantic Mobile since 1997. Xerox managed all of Bell Atlantic Mobile’s document assets – copiers, supplies, and production printing, as well as mailroom operations. The new Verizon Wireless is much larger, with more than 1,700 pieces of equipment in 1,300 locations billed through more than 1,000 separate invoices. “ We saw a great opportunity to take costs out of the system for Verizon Wireless and to run things more efficiently,” says Mike Vitrit, Xerox ’s national account representative for Verizon Wireless. “ But, just as important were the opportunities to streamline the management process, create a consistent operation that could support future growth, and reduce cycle times.” On May 1, 2001, Xerox was given full document center management responsibility for Verizon Wireless nationally. This includes not just on-site document and mailroom services – including the ordering, installation, and removal of all copiers, engineering and production printers, faxes, and scanners – but a national call center for handling document requirements for Verizon 7 7/8” Wireless’s employees and a single, fully customized invoice system. “ The consolidated invoicing for all of these services has been particularly valuable,” says McGrath. “It has combined all of the charges onto a single, monthly invoice. It ’s been tailored specifically to my needs so that I can easily charge, down to the penny, each business unit for the services they use.” These kinds of “soft cost” savings may be even more than the direct cost reduction, which was significant. McGrath estimates that Verizon Wireless will save $2.2 million in direct costs over the next three years through its relationship with Xerox. “ However, the most important part of what we’re doing,” he says, “ is creating a consistent platform across all of our operations upon which we can build for the future. We now have the ability to manage these activities as one company.” Working with Xerox, that future will be built through an iterative process of continual improvement. For example, Xerox teams are already tackling new opportunities – such as returned mail handling, just-in-time printing, and e-creation of forms and records. All these solutions will evolve from a strong basis of trust. Verizon Wireless knows Xerox. They know what Xerox can do and they rely on their partner to be that single focal point that can take care of a growing array of business challenges. As Peggy Lynch, Xerox ’s global account general manager for Verizon Communications sees it and says it, “ Trust is key. It is earned and it is not treated lightly. Xerox earns that trust each and every day.” 10 7/8” Story: 0528OSO_XERox 6 pg gatefold reprint Page: 2 of 2 (pg. 2, 3, 4) Issue: 05/28/01 Outsourcing 2001 OUTSOURCING IS REDEFINING BUSINESS IN WAYS FEW COULD HAVE IMAGINED JUST A FEW SHORT YEARS AGO. IN FACT, IT’S INCREASINGLY DIFFICULT TO IMAGINE HOW ANY ORGANIZATION COULD SURVIVE, LET ALONE THRIVE, WITHOUT OUTSOURCING. N 10 7/8” O ORGANIZATION can stay competitive in today ’s environment by relying solely on its own resources,” says Dr. Wendell Jones, outsourcing pioneer at McDonnell Douglas in the early ’90s and today CEO of Outsourcing Advisors International. Industry reports suggest that most executives agree with Dr. Jones’s assessment. Based on research conducted for The Outsourcing Research Council by Michael F. Corbett & Associates, Ltd., the roughly 3,000 U.S. companies with more than half a billion in revenue will spend 7 percent of that revenue – or $874 billion – on outsourcing this year. That’s an amount just about equal to the total revenue of the top five companies on the 2001 FORTUNE 500< list and it’s one-third larger than the entire discretionary portion of the U.S. federal government budget. Add to that the fact that almost every industry study projects outsourcing spending to continue to climb at a rate of 15 percent to 25 percent per annum for the foreseeable future and you begin to understand outsourcing’s impact on the way we now do business. As the information in this special report demonstrates, this use of outsourcing is expanding in another way as well. It’s expanding across every facet of the modern organization. From technology to facilities to corporate services to customer care, organizations are using outsourcing to fundamentally change every aspect of their operation, and they are doing so to the benefit of their cus- tomers, employees, and shareholders alike. Gone are the days when outsourcing could be viewed as a zero-sum game – where the organization achieved a quick cost reduction at the expense of other parts of its business. In fact, almost two-thirds of attendees at this year’s Outsourcing World Summit said that cost savings was not their company ’s primary reason for outsourcing. Just as important were freeing executive time and organizational resources for refocusing on the core of the business and improved competitiveness through increased quality, speed, and innovation. “Outsourcing really isn’t about taking anything out of the busi- ness,” says Brian Maloney, president of AT&T Solutions, “ it’s about investing in the relationship and becoming a virtual extension of the client’s business.” ONE STANDARD: BEST-IN-WORLD Today ’s Web-driven, global economy forces executives to reexamine every aspect of their business against a single standard: “ best-in-world.” As James Brian Quinn, Buchanan Professor of Management at Dartmouth College, so powerfully puts it, “Core competencies are quite simply what an organization is best-in-world at. Everything else is somebody else’s core competency TOP REASONS FOR OUTSOURCING CONSERVE CAPITAL 1% FOSTER INNOVATION 4% INCREASE SPEED TO MARKET 10% IMPROVE QUALITY 13% REDUCE COSTS 36% FOCUS ON CORE 36% Source: The 2001 Outsourcing World Summit Copyright© 2001 Michael F. Corbett & Associates, Ltd. All rights reserved. 8” and is better acquired through a strategic relationship with that firm.” If an organization continues to perform non-core activities inside, it ’s a sure bet that it is sacrificing some part of its competitive edge – something few can afford to do for long. At the same time, the resource and talent pool from which an organization can draw is increasingly global as well. For example, technology now makes it possible to operate a network of centers anywhere in the world almost as seamlessly as if they were next door. Similar examples can be drawn from such areas as manufacturing, programming, product design, and even accounting and finance. Outsourcing service providers, because of their focus and investment in what to others is often a lower-return back office operation, are particularly adept at leveraging these emerging global talent pools. Technology – especially the Web – has also unleashed a rapid-fire pace of change never before seen in business. This makes it increasingly important for organizations to maintain a flexible, variable cost structure – one that can be adjusted quickly, up or down, depending upon the shifting realities of the business. Here again, outsourcing plays an important role in helping organizations remain nimble. Through outsourcing, they acquire needed results not through internal investments in employees and fixed assets but through a different kind of investment – an investment in a flexible relationship with a service provider. Finally, and possibly most importantly, is innovation. As James Brian Quinn says, “ No company alone can possibly hope to out-innovate all the competitors, potential competitors, suppliers, and external knowledge sources in its marketplace worldwide.” This is probably the single strongest argument for outsourcing in today ’s Web-driven, global economy – harnessing the innovative solutions that only specialized firms can generate. It is their singular, passionate focus on doing what they do best that XEROX CORPORATION FOUR OF THE NATION’S LEADING WIRELESS COMMUNICATIONS PROVIDERS JOINED FORCES TO FORM VERIZON WIRELESS. XEROX CORPORATION HELPED THE COMPANY ACHIEVE ITS AGGRESSIVE GOALS FOR EFFICIENCY AND GROWTH BY DELIVERING A 13 PERCENT SAVING IN DOCUMENT MANAGEMENT COSTS. V makes this possible. Outsourcing is, after all, all about leveraging this power and directing it toward the customers you serve and the markets in which you compete. THE THREE “S’S” OF SUCCESSFUL OUTSOURCING Although nothing as complex as a longterm relationship between two companies can ever be distilled down to mere sound bites, there are some overarching concepts that are common to successful decision making and execution. The first “s” is strategy. Much as the Cheshire Cat advises Alice that which path she should follow “depends a good deal on where you want to get to,” outsourcing should not be seen as an end point, but a means to an end. Successful organizations do not outsource to outsource; they outsource to create specific advantages for their business. Successful outsourcing emanates from and stays in lockstep with the business’s strategy. By thinking strategically and understanding how leveraging the unique capabilities and resources of specialized outside organizations can help, an executive will find himself or herself pursuing the right relationships for the right reasons. 8” The second “s” is selection. This means selecting the right areas to apply outsourcing to and, even more importantly, selecting the right organizations with which to partner. The final “s” stands for system. There must be a management system for making sure that the relationship continues to generate the advantages sought and receives the necessary ongoing investment of management time, attention, and energy. Once created, an outsourcing relationship becomes a strategic asset – just as valuable and equally as critical to the organization’s success as any other asset. As today ’s Web-driven, global economy continues to reshape businesses in new and unexpected ways, one thing is certain: Competition and the drive to improve business performance while managing risks will dominate executive thinking and action. Outsourcing is a powerful weapon in the executive arsenal. Connecting outsourcing to the business’s strategy, selecting the right opportunities and partners, and then supporting those relationships with a system designed to manage the risks and opportunities are the essential success factors for this still-evolving business model. ERIZON WIRELESS is the largest wireless communications provider in the U.S., with 28 million voice and data customers. The new coast-to-coast provider was formed last year through a combination of the U.S. wireless businesses of Verizon Communications and Vodafone, including Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, and PrimeCo Personal Communications. Headquartered in Bedminster, New Jersey, Verizon Wireless has 40,000 employees serving customers in 96 of the top 100 U.S. markets. John McGrath, Verizon Wireless’s director of procurement for facilities and administration, says, “Pulling this new business together – across all of our newly combined facilities – was the top priority. We launched a corporatewide initiative to drive both cost savings and consistency in all our facilities. The outsourcing of non-core activities to trusted partners with the expertise and proven delivery excellence was a key part of this initiative. We “ We look for partners with a solid track record with us – companies that combine both process expertise and the right people skills.” JOHN MCGRATH Director of Procurement for Facilities and Administration Verizon Wireless looked for partners with a solid track record with us – companies that combined both process expertise and the right people skills. Our partners needed to be able to create the right relationship and then back it with a structure that could maintain those services over time.” CONSISTENT OPERATIONS SUPPORT FUTURE GROWTH Xerox Business Services, the global Document Company headquartered in Stamford, Connecticut, has had a relationship with Bell Atlantic Mobile since 1997. Xerox managed all of Bell Atlantic Mobile’s document assets – copiers, supplies, and production printing, as well as mailroom operations. The new Verizon Wireless is much larger, with more than 1,700 pieces of equipment in 1,300 locations billed through more than 1,000 separate invoices. “ We saw a great opportunity to take costs out of the system for Verizon Wireless and to run things more efficiently,” says Mike Vitrit, Xerox ’s national account representative for Verizon Wireless. “ But, just as important were the opportunities to streamline the management process, create a consistent operation that could support future growth, and reduce cycle times.” On May 1, 2001, Xerox was given full document center management responsibility for Verizon Wireless nationally. This includes not just on-site document and mailroom services – including the ordering, installation, and removal of all copiers, engineering and production printers, faxes, and scanners – but a national call center for handling document requirements for Verizon 7 7/8” Wireless’s employees and a single, fully customized invoice system. “ The consolidated invoicing for all of these services has been particularly valuable,” says McGrath. “It has combined all of the charges onto a single, monthly invoice. It ’s been tailored specifically to my needs so that I can easily charge, down to the penny, each business unit for the services they use.” These kinds of “soft cost” savings may be even more than the direct cost reduction, which was significant. McGrath estimates that Verizon Wireless will save $2.2 million in direct costs over the next three years through its relationship with Xerox. “ However, the most important part of what we’re doing,” he says, “ is creating a consistent platform across all of our operations upon which we can build for the future. We now have the ability to manage these activities as one company.” Working with Xerox, that future will be built through an iterative process of continual improvement. For example, Xerox teams are already tackling new opportunities – such as returned mail handling, just-in-time printing, and e-creation of forms and records. All these solutions will evolve from a strong basis of trust. Verizon Wireless knows Xerox. They know what Xerox can do and they rely on their partner to be that single focal point that can take care of a growing array of business challenges. As Peggy Lynch, Xerox ’s global account general manager for Verizon Communications sees it and says it, “ Trust is key. It is earned and it is not treated lightly. Xerox earns that trust each and every day.” 10 7/8” Story: 0528OSO_XERox 6 pg gatefold reprint Page: 2 of 2 (pg. 2, 3, 4) Issue: 05/28/01 Outsourcing 2001 OUTSOURCING IS REDEFINING BUSINESS IN WAYS FEW COULD HAVE IMAGINED JUST A FEW SHORT YEARS AGO. IN FACT, IT’S INCREASINGLY DIFFICULT TO IMAGINE HOW ANY ORGANIZATION COULD SURVIVE, LET ALONE THRIVE, WITHOUT OUTSOURCING. N 10 7/8” O ORGANIZATION can stay competitive in today ’s environment by relying solely on its own resources,” says Dr. Wendell Jones, outsourcing pioneer at McDonnell Douglas in the early ’90s and today CEO of Outsourcing Advisors International. Industry reports suggest that most executives agree with Dr. Jones’s assessment. Based on research conducted for The Outsourcing Research Council by Michael F. Corbett & Associates, Ltd., the roughly 3,000 U.S. companies with more than half a billion in revenue will spend 7 percent of that revenue – or $874 billion – on outsourcing this year. That’s an amount just about equal to the total revenue of the top five companies on the 2001 FORTUNE 500< list and it’s one-third larger than the entire discretionary portion of the U.S. federal government budget. Add to that the fact that almost every industry study projects outsourcing spending to continue to climb at a rate of 15 percent to 25 percent per annum for the foreseeable future and you begin to understand outsourcing’s impact on the way we now do business. As the information in this special report demonstrates, this use of outsourcing is expanding in another way as well. It’s expanding across every facet of the modern organization. From technology to facilities to corporate services to customer care, organizations are using outsourcing to fundamentally change every aspect of their operation, and they are doing so to the benefit of their cus- tomers, employees, and shareholders alike. Gone are the days when outsourcing could be viewed as a zero-sum game – where the organization achieved a quick cost reduction at the expense of other parts of its business. In fact, almost two-thirds of attendees at this year’s Outsourcing World Summit said that cost savings was not their company ’s primary reason for outsourcing. Just as important were freeing executive time and organizational resources for refocusing on the core of the business and improved competitiveness through increased quality, speed, and innovation. “Outsourcing really isn’t about taking anything out of the busi- ness,” says Brian Maloney, president of AT&T Solutions, “ it’s about investing in the relationship and becoming a virtual extension of the client’s business.” ONE STANDARD: BEST-IN-WORLD Today ’s Web-driven, global economy forces executives to reexamine every aspect of their business against a single standard: “ best-in-world.” As James Brian Quinn, Buchanan Professor of Management at Dartmouth College, so powerfully puts it, “Core competencies are quite simply what an organization is best-in-world at. Everything else is somebody else’s core competency TOP REASONS FOR OUTSOURCING CONSERVE CAPITAL 1% FOSTER INNOVATION 4% INCREASE SPEED TO MARKET 10% IMPROVE QUALITY 13% REDUCE COSTS 36% FOCUS ON CORE 36% Source: The 2001 Outsourcing World Summit Copyright© 2001 Michael F. Corbett & Associates, Ltd. All rights reserved. 8” and is better acquired through a strategic relationship with that firm.” If an organization continues to perform non-core activities inside, it ’s a sure bet that it is sacrificing some part of its competitive edge – something few can afford to do for long. At the same time, the resource and talent pool from which an organization can draw is increasingly global as well. For example, technology now makes it possible to operate a network of centers anywhere in the world almost as seamlessly as if they were next door. Similar examples can be drawn from such areas as manufacturing, programming, product design, and even accounting and finance. Outsourcing service providers, because of their focus and investment in what to others is often a lower-return back office operation, are particularly adept at leveraging these emerging global talent pools. Technology – especially the Web – has also unleashed a rapid-fire pace of change never before seen in business. This makes it increasingly important for organizations to maintain a flexible, variable cost structure – one that can be adjusted quickly, up or down, depending upon the shifting realities of the business. Here again, outsourcing plays an important role in helping organizations remain nimble. Through outsourcing, they acquire needed results not through internal investments in employees and fixed assets but through a different kind of investment – an investment in a flexible relationship with a service provider. Finally, and possibly most importantly, is innovation. As James Brian Quinn says, “ No company alone can possibly hope to out-innovate all the competitors, potential competitors, suppliers, and external knowledge sources in its marketplace worldwide.” This is probably the single strongest argument for outsourcing in today ’s Web-driven, global economy – harnessing the innovative solutions that only specialized firms can generate. It is their singular, passionate focus on doing what they do best that XEROX CORPORATION FOUR OF THE NATION’S LEADING WIRELESS COMMUNICATIONS PROVIDERS JOINED FORCES TO FORM VERIZON WIRELESS. XEROX CORPORATION HELPED THE COMPANY ACHIEVE ITS AGGRESSIVE GOALS FOR EFFICIENCY AND GROWTH BY DELIVERING A 13 PERCENT SAVING IN DOCUMENT MANAGEMENT COSTS. V makes this possible. Outsourcing is, after all, all about leveraging this power and directing it toward the customers you serve and the markets in which you compete. THE THREE “S’S” OF SUCCESSFUL OUTSOURCING Although nothing as complex as a longterm relationship between two companies can ever be distilled down to mere sound bites, there are some overarching concepts that are common to successful decision making and execution. The first “s” is strategy. Much as the Cheshire Cat advises Alice that which path she should follow “depends a good deal on where you want to get to,” outsourcing should not be seen as an end point, but a means to an end. Successful organizations do not outsource to outsource; they outsource to create specific advantages for their business. Successful outsourcing emanates from and stays in lockstep with the business’s strategy. By thinking strategically and understanding how leveraging the unique capabilities and resources of specialized outside organizations can help, an executive will find himself or herself pursuing the right relationships for the right reasons. 8” The second “s” is selection. This means selecting the right areas to apply outsourcing to and, even more importantly, selecting the right organizations with which to partner. The final “s” stands for system. There must be a management system for making sure that the relationship continues to generate the advantages sought and receives the necessary ongoing investment of management time, attention, and energy. Once created, an outsourcing relationship becomes a strategic asset – just as valuable and equally as critical to the organization’s success as any other asset. As today ’s Web-driven, global economy continues to reshape businesses in new and unexpected ways, one thing is certain: Competition and the drive to improve business performance while managing risks will dominate executive thinking and action. Outsourcing is a powerful weapon in the executive arsenal. Connecting outsourcing to the business’s strategy, selecting the right opportunities and partners, and then supporting those relationships with a system designed to manage the risks and opportunities are the essential success factors for this still-evolving business model. ERIZON WIRELESS is the largest wireless communications provider in the U.S., with 28 million voice and data customers. The new coast-to-coast provider was formed last year through a combination of the U.S. wireless businesses of Verizon Communications and Vodafone, including Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, and PrimeCo Personal Communications. Headquartered in Bedminster, New Jersey, Verizon Wireless has 40,000 employees serving customers in 96 of the top 100 U.S. markets. John McGrath, Verizon Wireless’s director of procurement for facilities and administration, says, “Pulling this new business together – across all of our newly combined facilities – was the top priority. We launched a corporatewide initiative to drive both cost savings and consistency in all our facilities. The outsourcing of non-core activities to trusted partners with the expertise and proven delivery excellence was a key part of this initiative. We “ We look for partners with a solid track record with us – companies that combine both process expertise and the right people skills.” JOHN MCGRATH Director of Procurement for Facilities and Administration Verizon Wireless looked for partners with a solid track record with us – companies that combined both process expertise and the right people skills. Our partners needed to be able to create the right relationship and then back it with a structure that could maintain those services over time.” CONSISTENT OPERATIONS SUPPORT FUTURE GROWTH Xerox Business Services, the global Document Company headquartered in Stamford, Connecticut, has had a relationship with Bell Atlantic Mobile since 1997. Xerox managed all of Bell Atlantic Mobile’s document assets – copiers, supplies, and production printing, as well as mailroom operations. The new Verizon Wireless is much larger, with more than 1,700 pieces of equipment in 1,300 locations billed through more than 1,000 separate invoices. “ We saw a great opportunity to take costs out of the system for Verizon Wireless and to run things more efficiently,” says Mike Vitrit, Xerox ’s national account representative for Verizon Wireless. “ But, just as important were the opportunities to streamline the management process, create a consistent operation that could support future growth, and reduce cycle times.” On May 1, 2001, Xerox was given full document center management responsibility for Verizon Wireless nationally. This includes not just on-site document and mailroom services – including the ordering, installation, and removal of all copiers, engineering and production printers, faxes, and scanners – but a national call center for handling document requirements for Verizon 7 7/8” Wireless’s employees and a single, fully customized invoice system. “ The consolidated invoicing for all of these services has been particularly valuable,” says McGrath. “It has combined all of the charges onto a single, monthly invoice. It ’s been tailored specifically to my needs so that I can easily charge, down to the penny, each business unit for the services they use.” These kinds of “soft cost” savings may be even more than the direct cost reduction, which was significant. McGrath estimates that Verizon Wireless will save $2.2 million in direct costs over the next three years through its relationship with Xerox. “ However, the most important part of what we’re doing,” he says, “ is creating a consistent platform across all of our operations upon which we can build for the future. We now have the ability to manage these activities as one company.” Working with Xerox, that future will be built through an iterative process of continual improvement. For example, Xerox teams are already tackling new opportunities – such as returned mail handling, just-in-time printing, and e-creation of forms and records. All these solutions will evolve from a strong basis of trust. Verizon Wireless knows Xerox. They know what Xerox can do and they rely on their partner to be that single focal point that can take care of a growing array of business challenges. As Peggy Lynch, Xerox ’s global account general manager for Verizon Communications sees it and says it, “ Trust is key. It is earned and it is not treated lightly. Xerox earns that trust each and every day.” 10 7/8” Story: 0528OSO_XERox