While many companies attempt to cut costs by simply moving work to an offshore outsourcer, the formula for reaping benefits by improving business process sourcing is much more complex, according to executives at a recent conference held by The Hackett Group, a business advisory firm and an Answerthink company.

At the one-day conference, entitled "What's the Right Sourcing Mix - Shared Services, Offshoring, and Outsourcing," executives from some of the world's most successful companies offered more than 150 attendees an exceptional array of insights based on their experiences with alternative sourcing options. 

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