To date, procurement outsourcing has mostly been limited to the transactional purchase-to-pay process rather than the more strategic aspects of procurement. Procurement outsourcing constitutes a growing dimension of corporate procurement strategy.
However, research by The Hackett Group, a leading global strategy and operations consulting firm, indicates that major companies will likely expand the scope of procurement outsourcing in the coming years. If procurement outsourcing is to yield the expected benefits, its adopters will need to carefully weigh the comparative costs and risks of insourcing vs. outsourcing across specific procurement activities, manage the potential risks, and ensure that sufficient effort goes into process design and optimization.
Source: The Hackett Group
Ready to save on procurement costs? Discover digital and transparent purchasing.
Get Started Today for Free with BestAuction.
Customers have said
Significantly helps me to get results!
„I searched for the building contractors and they’ve delivered in a few seconds in my area. I’m actually astonished at how quickly bestauction.com helps me to get results. Furthemore, using bestauction.com I’ve been able to get considerable price discount for building materials without a need going anywere to negotiate.“
Great businness helper
„Simple to use and intelligent than you can imagine. We procure any items or services with bestauction.com now. A really helpfull and cost saving tool.“
We actively use the online eAuction for product procurement
„We actively use the online reverse auction for product procurement , and in turn, we get the benefits in terms of more efficient and transparent purchasing process.“