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Wednesday, August 27, 2008

Services Procurement

 

Services procurement encompasses the strategic management and procuring of complex category services such as contract labour, consultancy services, marketing, print, travel, telecoms and legal services.

Services spend represents an enormous expense and while companies try in earnest to control the costs, few have the same visibility into their services expenditure as for goods and materials.

It is estimated that nearly 50 per cent of corporate procurement spending is for services, and for even the most proficient enterprise, services spending can still be an abyss of unsourced buying and lost savings opportunities.




Consequently leading organisations are looking at methods for tracking this spend and the significant savings a correctly centralised services procurement strategy can deliver.

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This Knowledge Group will examine the critical steps that organisations must take to make streamlining and centralising services procurement work. Content will provide insight into real world implementations, including examples of how deploying Online Services Procurement (OSP) solutions and implementing best practice methodology can control costs, streamline processes and enhance responsiveness both internally and externally.

If you are interested in becoming a member of the advisory board of this Knowledge Group, please contact us on +44 (0) 207 501 0538.

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