Merits Of Procurement Outsourcing

Benefits to Procurement Outsourcing:

  • Reduced costs and increase quality;
  • Centralized procurement;

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  • Provide needed goods and/or services;
  • New market development;
  • Just-In-Time Inventory (JIT);
  • Increased supply chain efficiency;
  • Best value and remain competitive;
  • Government compliance;
  • Supplier performance improvement;
  • Support day-to-day buying activity;
  • Policy/Procedure creation, implementation, validation;
  • Transaction automation and processing;
  • Focus to core competencies;
  • Strong end-user to provider relationship developed;
  • Lower procurement related labor costs;
  • Overall procurement performance improved;
  • Greater control, reporting, and vendor compliance;
  • Organization and internal cost performance