Confused about procurement outsourcing?
Wondering if it is right for your organization? You're not alone. Many senior finance, shared services and procurement executives are in the exact same fix, undecided and unsure about its pros and cons.
However, as procurement teams seek to increase their scope and impact without spiking their cost of operations, procurement outsourcing is becoming an increasingly important strategic option.
That's why we've asked Wayne Clark, Vice President of Procurement Outsourcing at GEP, to help demystify procurement outsourcing. Wayne, who has more than 20 years of strategic procurement and supply chain experience, leads large-scale procurement transformation and outsourcing projects at GEP
Here, he shares important tips on evaluating, planning and implementing procurement outsourcing initiatives, including:
- How to determine whether procurement outsourcing is right for your organization
- Which procurement activities can be outsourced successfully
- How to identify the right procurement outsourcing partner
- What results to expect and how to measure them