Welcome Friday, March 19, 2010
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
- JLL and IBM sign seven-year services agreement
Thu, 04 Feb 2010 09:17:42 - Swedish e-sourcing firm acquired by Capgemini
Tue, 02 Feb 2010 09:31:24 - Analysis: BP outsources IT procurement
Thu, 28 Jan 2010 10:32:58 - Europe overtaking North America as top outsourcing region
Mon, 04 Jan 2010 08:48:09 - UK Council seals service outsourcing deal with IBM
Wed, 23 Dec 2009 08:49:14
PROCUREMENT OUTSOURCING COMMENT
PROCUREMENT OUTSOURCING ARTICLES
- Allianz Insurance FD talks outsourcing
Mon, 22 Jun 2009 08:23:56 - Roundtable: Indirect spend, London
Fri, 12 Jun 2009 09:25:38 - 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
FEATURED 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
PROCUREMENT OUTSOURCING RESEARCH
- Achieve Predictable Excellence - Integrate Lean Six Sigma with Global Services Sourcing
Wed, 09 Sep 2009 07:56:36 - Demand Forecasting: Using Oracle to Drive Business Results
Wed, 09 Sep 2009 07:56:36 - Bridging the European Talent Gap Offshoring through a Virtual Captive SM
Tue, 08 Sep 2009 15:22:47 - 7 Procurement Outsourcing Myths, Demystified!!
Tue, 08 Sep 2009 15:04:48 - The Changing Face of Global Procurement
Wed, 02 Sep 2009 13:41:31
