A Diamond In The Rough

Topics:
Evaluation
Tags:
Business Operations,
OutsourcingFinanceandAccounting.com,
Procurement,
Procurement Outsourcing,
Purchasing & Procurement
Source:
OutsourcingFinanceandAccounting.com

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Overview: Procurement outsourcing, like its BPO brothers (HR and F&A), provides reductions in operational costs, but procurement's ability to impact third-party expenditures, in addition to operational expenses, delivers immediate results to the bottom line. A dollar saved is a dollar earned, and companies can use these dollars in several ways: They can earmark the immediate savings to self-fund the procurement initiative or use the new cash stream to fund other strategic initiatives. This value creation factor makes procurement outsourcing a compelling story. Procurement outsourcing is a strategic decision and one that requires serious consideration. Besides discussing this, the article also discuss some key points to ponder while evaluating your options.

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Format: HTML | Date: Sep 2003 | Pages: 1

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