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What Activities Should Procurement Outsourcing Consider
Posted
Updated
ByEicrasoft
While most procurement outsourcing has concentrated on the transactional purchase-to-pay process, firms can also outsource non-core spend category management to a third party.
The table below lists the most typically outsourced procurement activities.
Strategic, Tactical, and Transactional
Procurement Operations | Procurement Support | Services Sourcing & Category Management |
Managing transactions | Support in Sourcing | Sourcing strategy |
Managing contracts | Intelligence on the market | Management by category |
Managing master data | Buying on the spot | Management of spending data |
Management of eCatalogs | Insuring | Management of strategic vendors |
Setup of new vendors | Managing tail-spend | Monitoring KPIs |