About this item
What do Procter and Gamble, Microsoft, McDonald's and The Department of Energy have in common? They have all recently implemented a vested relationship with their partners and suppliers, leading to innovation and a better bottom line. Here authors Vitasek and Mandrodt show how P&G partnered with Jones Lang LaSalle to manage over 14 million feet of facilities in 60 countries and how the Minnesota Department of Transportation turned tragedy into success after the I35 bridge crumbled into the water by rebuilding the bridge with state-of-the-art design under budget in less time than anticipated, and much more. Working with partners is the future of business, and in this timely and original work, the authors show companies how to create vested agreements that brings success to everyone involved.
About the Author
Author, educator and business consultant Kate Vitasek is an internationally recognized innovator in the practice of supply chain management and outsourcing. She is the founder and lead researcher in the concept of Vested Outsourcing, which was developed in conjunction with the University of Tennessee.Unlike conventional outsourcing by which companies purchase services for fees, Vested Outsourcing is a business model under which companies and service providers work collaboratively."Together, companies and vendors using the vested approach develop performance-based solutions in which both parties' interests are aligned, and thus they are vested in each others' success," Vitasek explained. "After experiencing how well the vested formula works, companies regard traditional outsourcing as old-school, impersonal and outmoded."In Vested Outsourcing, Vitasek has created a model that will improve outsourcing procedures much the way Six Sigma and Lean improved production processes in the 1980s and '90s. Based on a research study with the University of Tennessee and the United States Air force, Vitasek has identified the top 10 flaws in most outsourced business models and then shows organizations how to rethink their outsourcing relationships in a way that will lower costs, improve service and increase innovation.
