Welcome Saturday, July 04, 2009
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 VIDEOS
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David Rich-Jones of Xchanging talks about procurement outsourcing in the current economic climate. |
Robin Shahani of EquaTerra gives his take on procurement outsourcing at the present time and in the future. |
PROCUREMENT OUTSOURCING NEWS
- Infosys posts profit boost as cost cutting continues
Tue, 13 Jan 2009 14:16:44 - Food giant serves up record profits
Thu, 27 Nov 2008 16:30:18 - India still on top of the world
Tue, 25 Nov 2008 11:43:34 - Telecoms giant calls on procurement to deliver massive cost objectives
Tue, 18 Nov 2008 09:33:35 - Fujitsu centralises procurement in bid to cut IT spend
Tue, 14 Oct 2008 07:44:00
PROCUREMENT OUTSOURCING COMMENT
PROCUREMENT OUTSOURCING ARTICLES
- Allianz Insurance FD talks outsourcing
Mon, 22 Jun 2009 08:23:56 - Roundtable: Procurement outsourcing, Lisbon
Fri, 17 Apr 2009 15:53:42 - Procurement outsourcing gains boardroom attention
Fri, 17 Apr 2009 15:27:49 - Li & Fung and Liz Claiborne chiefs discuss outsourcing deal
Thu, 16 Apr 2009 15:31:28 - Big business keen to exploit advantage provided by procurement outsourcing
Tue, 08 Jan 2008 08:53:56
PROCUREMENT OUTSOURCING PRESENTATIONS
CPO Talk: From today’s challenges to tomorrow’s opportunities
In the rapidly changing procurement environment, it is important to identify and understand trends and to look across industry borders and beyond procurement. With tight economic conditions, and even greater resolve to move their organisations forward through these difficult times, procurement professionals face more and more challenges.
Best of Breed Multi-Vendor Outsourcing
Outsourcing is a critical business strategy employed by many companies with varying degrees of success. Today, organisations are moving away from a sole-provider solution in favor of multi-source engagements. Outsourcing certain IT and other business functions to multiple specialist providers can result in improved cost savings and accountability, greater services expertise, and the ability to focus internal resources on the business elements and functions that drive competitive advantage.
PROCUREMENT OUTSOURCING OPINIONS
- Opinion: The grass isn't always greener
Thu, 03 Nov 2005 08:00:00
