Why Should You Consider Procurement Outsourcing? A Holistic Approach towards Vertically Integrated to Virtually Integrated Business Process Services

Why Should You Consider Procurement Outsourcing? A Holistic Approach towards Vertically Integrated to Virtually Integrated Business Process Services

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Procurement Outsourcing is defined as a process wherein organizations take a calculated approach of moving some of their processes around source to pay to a specialist. This involves organizations identifying the core and non-core activities with source to pay and start outsourcing non-core activities to a specialist. This process involves different approaches:

  • Full outsourcing - Survey shows only 17% take this approach - Only leaders adopt this route
  • Incremental nutsourcing - Survey shoes 83% take this approach
  • Hybrid approach towards strategic and transactional activities
Vendor:
Wipro
Posted:
Feb 8, 2021
Published:
Jan 13, 2009
Format:
PDF
Type:
White Paper
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