How B2B online marketplaces could transform indirect procurement
• LABOUR ARBITRAGE
• DEMAND AND SPECIFICATION MANAGEMENT
How B2B online marketplaces could transform indirect procurement
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39 real-time market insights across a broad range of categories . Access to leading expertise doesn ’ t only provide direct benefits in categories where organisations don ’ t have their own expertise , it can also help them learn from the best and improve their own capabilities in other areas .
• LABOUR ARBITRAGE
Outsourcing providers offer a combination of scale , standardised processes and low-cost locations designed to decrease the labor cost of sourcing activities . With labor arbitrage often delivering significant benefits in transactional sourcing activities , however , the nature of strategic buying can limit the savings achieved .
• DEMAND AND SPECIFICATION MANAGEMENT
In most successful purchasing organisations , 40-50 % of the total savings achieved come from changes in internal factors , such as optimising specifications to minimise total cost of ownership or controlling demand . Such savings also tend to be the most sustainable over the long-term .
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