POVs for sourcing expertise

Procurement outsourcing - Mitigating risks and measuring success


Procurement outsourcing - mitigating risks and measuring success

Procurement outsourcing offers companies the ability to focus on their core competencies, gain access to leading external capabilities in non-core activities, and gain greater control over reporting and compliance. Procurement outsourcing can ultimately improve the overall level of procurement performance and results across deļ¬ned categories and activities without making large infrastructure investments. Although, this appears to be a go-to strategy, understanding the risks and measuring the success of any procurement outsourcing program is essential. 

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