A Diamond In The Rough - The Current Economy Encourages A Close Look At Procurement Outsourcing
- Topics:
- Evaluation
- Tags:
- Business Operations,
- Business Process Outsourcing (BPO),
- Human Resources,
- It Operations,
- Procurement,
- Procurement Outsourcing,
- Purchasing & Procurement
- Source:
- Everest Group
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Overview: Business process outsourcing (BPO) is now not only accepted but expected in today's marketplace. Procurement outsourcing is quickly moving into the spotlight, along with human resources (HR) and finance and accounting (F&A). Although HR and F&A are a bit more mature in the market, more and more firms are seriously investigating the options around procurement outsourcing. While procurement outsourcing is not as mature as other BPO processes like HR or F&A, more companies are "kicking the tires." This new popularity is due to the fact that procurement outsourcing is both a source of value and a source of cost reduction. Procurement outsourcing gives the buyer immediate access to world-class systems and processes and mitigates the need for ongoing capital investments.
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Format: HTML | Date: Sep 2003 | Pages: 1
