Welcome Sunday, July 06, 2008
Procurement Outsourcing
With the increased focus on cost and compliance, the procurement function has been elevated to a strategic component of value creation and a rich source of competitive advantage. To achieve this, rather than creating a world class procurement capability in-house, many companies have simply outsourced it.
Procurement outsourcing is often undertaken to leverage economies of scale and improve the execution and control of underperforming or non-core tasks and poorly managed spend categories. In doing so companies can realise reduced supply and operational costs, improved compliance and enhanced performance and cycle times.
It is important to recognise that outsourcing the procurement function does not necessarily mean a complete transfer of control but more likely the utilisation of third-party services.
At a simple level procurement outsourcing can involve migration of infrastructure: people, technology, systems and supplier management. A step further and more complex procurement-related processes can involve, for example, transferring procure-to-pay (P2P) and/or requisitioning. At a higher level, value-added functions such as strategic sourcing can be transferred. Taken to its full conception, strategic responsibilities can be given over, which might include the formulation of business rules.
PROCUREMENT OUTSOURCING NEWS
- Global slowdown could see procurement outsourcing boom
Wed, 11 Jun 2008 10:41:03 - Hertz signals intentions by sealing new procurement outsourcing deal
Tue, 22 Apr 2008 09:49:29 - Procurement outsourcing "redefining" role
Wed, 09 Apr 2008 17:25:25 - BT signals Indian intentions with opening of global operations centre
Tue, 25 Mar 2008 14:48:52 - Procurement outsourcing set to soar
Thu, 20 Mar 2008 12:39:55
PROCUREMENT OUTSOURCING ARTICLES
- Big business keen to exploit advantage provided by procurement outsourcing
Tue, 08 Jan 2008 08:53:56 - BPO providers gearing up for procurement outsourcing boom
Tue, 30 Oct 2007 17:41:46 - Taking it step by step
Wed, 24 Oct 2007 12:29:38 - Procurement Outsourcing Roundtable: How fast, how far?
Thu, 03 May 2007 08:43:44 - Procurement Survey: The great leap forward
Thu, 19 Oct 2006 09:00:00
PROCUREMENT OUTSOURCING OPINIONS
- Opinion: The grass isn't always greener
Thu, 03 Nov 2005 08:00:00
PROCUREMENT OUTSOURCING RESEARCH
- Outsourcing and procurement mastery
Tue, 03 Jul 2007 10:02:18 - High performance through procurement: Accenture research and insights into procurement performance mastery
Mon, 21 May 2007 18:15:08 - Achieving high performance in the utilities industry by outsourcing procurement
Thu, 22 Feb 2007 12:00:00 - 2003: Executive insights into the growing use of procurement outsourcing
Wed, 21 Feb 2007 12:00:00
