Tendering and Outsourced procurement Services
Arguments for outsourcing part or all of your procurement function in the following situations:
-
Procurement is not a core competency you are interested in building internally.
- You are operating in a regulated industry an would rather let a professional handle any risk attached to procurement and supplier management.
- You do not wish to make new hires but recognize the cost of managing your supply chain in an optimal way.
- You want to increase your buying power by aggregating spend with other SMEs for group purchasing benefits
Some of the potential benefits of outsourcing procurement :
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Innovation, new ideas and processes
-
Easier introduction to new suppliers
-
Ability to utilize specialized knowledge and skills to improve purchasing performance
-
Aggregation of quantities resulting in greater buying power
-
Flexibility to cope with peaks and troughs in workload, incurring recruitment costs an overheads
-
Access to technology and tools
-
Allow internal resources to be more focused on key areas/targets
Arguments for outsourcing part or all of your procurement function in the following situations:
- Procurement is not a core competency you are interested in building internally.
- You are operating in a regulated industry an would rather let a professional handle any risk attached to procurement and supplier management.
- You do not wish to make new hires but recognize the cost of managing your supply chain in an optimal way.
- You want to increase your buying power by aggregating spend with other SMEs for group purchasing benefits
Some of the potential benefits of outsourcing procurement :
- Innovation, new ideas and processes
- Easier introduction to new suppliers
- Ability to utilize specialized knowledge and skills to improve purchasing performance
- Aggregation of quantities resulting in greater buying power
- Flexibility to cope with peaks and troughs in workload, incurring recruitment costs an overheads
- Access to technology and tools
- Allow internal resources to be more focused on key areas/targets