Wal-Mart may outsource contracts worth $500 mn

[Earth Bound Misfit]

Source: Economic Times/ India Times

BANGALORE: Wal-Mart, the world’s biggest retailer, which has so far been dependent on its in-house IT division, is evaluating a business process outsourcing (BPO) contract worth $300-500 million, as it seeks to outsource non-core processes of procurement, merchandising, finance, accounting and payroll.

IBM, along with TCS, WNS and Wipro are currently exploring this opportunity, a person familiar with Wal-Mart’s outsourcing decision told ET, on conditions of anonymity.

“Despite becoming such a case study for global retail, Wal-Mart has not yet looked at BPO or IT outsourcing,” he said. “However, the current economic challenges are making the retailer seek more cost-saving options, including outsourcing of non-core processes.”

--snip


An email sent to Wal-Mart did not elicit any response. However, a factsheet available on the company’s website provided details about Wal-Mart’s future IT outsourcing from India.

“Wal-Mart will expand staffing of certain elements of IT application maintenance and development with some of India’s leading IT firms,” the company said in a statement. “India is one of the several countries that the company is targeting as part of its remote sourcing model for IT activities.”

--snip--

According to Forrester Research, the US will have a 34% share of the global market for IT services and outsourcing in 2009 and 2010, just ahead of Western and Central Europe at 27% and Asia Pacific at 23% for 2009.

“A review of the top 15 country markets for IT goods and services shows the US on top with $573 billion in purchases of IT goods and services in 2009. China moves to second place at $143 billion,” Forrester analyst Andrew H Bartels said in his January report. “IT outsourcing will get a small lift from economic slowdown in 2008 as companies turn to vendors that can help cut IT costs,” he added.


Read more: http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/Wal-Mart_may_outsource_contracts_worth_500_mn/rssarticleshow/4108751.cms?loc=interstitialskip

[denem]

1. India here we come!

n/t

[Belial]

2. If you cant bring them in to work the jobs.. ship the jobs out.

[ixion]

3. there should be a general boycott of companies that outsource, IMO

I know that's a long list, but it's the only thing they'll understand.

[fasttense]

4. Wal-Mart - helping to destroy the US economy, one job at a time. n/t

[acmavm]

5. Then they should lose the perks and privleges of being an

'American' company. No tax breaks, embargo and tax the hell out of their shit that they bring in, take that rotten family to the cleaners.

[boomerbust]

6. I just heard 2 puke senators

Say that the corporate tax rate should be cut in half for companies like Walmart to create more jobs here.:eyes:

[Hawkeye-X]

7. WalFail is EXACTLY what is Obama fighting against.

I want to see him declare WalFail a non-American entity using illegal practices, and have IRS closely inspect their books. Fine them billions of dollars to the workers who were abused, mistreated, and shut down.

That's what I want to see from WalFail.

Hawkeye-X

[OhioChick]

8. When is this going to end?

We're going to have a nation full of white and blue collar workers with no jobs. :mad:

K&R