PROCUREMENT OUTSOURCING :
HOW TO PARTNER WITH
OUTSIDE EXPERTS
To adapt to an unpredictable world , transferring specific procurement processes to outside vendors can reduce costs and re-focus professionals on core products
WRITTEN BY : ELISE LEISE
IIn coming years , supply and demand will fluctuate , new technology will change the way procurement teams operate , and skilled workers will be in short supply . Outsourcing procurement is now a priority . Explained John Piatek , GEP Vice President and Thought Leadership Council Chairman : “ In the face of wild swings in consumer demand , trade wars , tariffs , and lockdowns ... supply chains bent and frequently broke .” Therefore , companies need to know how to recover .
The Rise of Strategic Procurement The pandemic placed procurement on a higher level within business operations . Executive boards that previously overlooked or undersold the value of procurement started to sit procurement managers around the table with strategic advisors to mitigate risks , optimise costs , and drive growth . ‘‘ This year has demonstrated the importance of bringing CPOs into C-suite conversations ”, explained Jennifer Brown , Principal , Deloitte Consulting . “ They bring significant value to the table .”
36 August 2021