Top Ten Best Practices in Procurement Outsourcing

Top Ten Best Practices in Procurement Outsourcing

Procurement Outsourcing (PO), with its unique value proposition among all BPO segments, requires a different set of best practices to derive value and gain significant benefits. The potential bottom-line impact of PO can be extremely high making the value proposition extremely attractive.

  • Get finance involved in the PO initiative from the beginning
  • Build a phased approach to manage risk
  • Apply a balanced scorecard approach
  • Realize PO savings with multiple value levers