A Diamond In The Rough: The Four C's of Implementing a Procurement Outsourcing Strategy - II
- Topics:
- Strategic Management Tools
- Tags:
- Business Operations,
- C,
- Everest Group,
- It Operations,
- Outsourcing,
- Outsourcing & Subcontracting,
- Procurement,
- Procurement Outsourcing,
- Purchasing & Procurement
- Source:
- Everest Group
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Overview: Procurement outsourcing is one of the fastest growing areas of business process outsourcing (BPO). The article outlines some practical steps to prepare an organization's procurement outsourcing strategy. A critical step in the formulation of a procurement outsourcing strategy is to segment ones spend categories into core and non-core based on ones business. The next step is to quantify the category spend. The article also provides some natural objections to an outsourcing strategy and gives some suggestions for working with ones preferred service provider to address these concerns.
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Format: HTML | Date: Oct 2003 | Pages: 1
