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
Services Sourcing & Category Management
Support in Sourcing
Intelligence on the market
Management by category
Managing master data
Buying on the spot
Management of spending data
Management of eCatalogs
Management of strategic vendors
Setup of new vendors