• Procurement is not a core competency you are interested in building internally.
• You are operating in a regulated industry and 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 optimally.
• You want to increase your buying power by aggregating spend with other SMEs for group purchasing benefits

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 and overheads
• Access to technology and tools
• Allow internal resources to be more focused on key areas/targets