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What Activities Should Procurement Outsourcing Consider

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

Next What Are the Other Advantages of Outsourcing Procurement
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