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Auction Name: Limousine Services / Value: 10,890 USD / Location: New York (U.S.) / Auction keywords: VIP transport, taxi, limousine services, NYC Auction Name: Car insurance / Value: 2,500 SEK / Location: Lulea (SWE) / Auction keywords: Insurance, Sweden Auction Name: Office Stationery / Value: 98,295,284 IDR / Location: Bengaluru (India) / Auction keywords: Letters, envelopes, toners, office equipement, Bengaluru, Karnataka Auction Name: Glass wine bottles / Value: 862,160 CNY / Location: Shadong (China) / Auction keywords: Glass containers, glass wine bottles, glass jar, China Auction Name: Notebooks / Value: 3,230 Eur / Location: Vienna (Austria) / Auction keywords: hardware, laptops, Austria Auction Name: Translation Services / Value: 37,792 PLN / Location: Krakow (Poland) / Auction keywords: Official language translation services, Krakow Auction Name: Roof tiles / Value: 49,954 HRK / Location: Brela (Croatia) / Auction keywords: Tiles, building materials, Croatia, Split Auction Name: Legal Counsel / Value: 68,500 Eur / Location: Cagliari (Italy) / Auction keywords: Legal advisory, law services, legal counsel, Italy, Sardegna Auction Name: Long-term hotel accomodation / Value: 149,600 Eur / Location: Munich (Germany) / Auction keywords: Hotel accomodation, hotel services, Munich, luxury hotels Auction Name: Car rental services / Value: 25,320 USD / Location: San Rafael (Argentina) / Auction keywords: Car rental, passenger car, leasing Auction Name: Heavy truck tires purchase / Value: 3,845 CAD / Location: Toronto (Canada) / Auction keywords: Truck tires, Toronto, Ontario Auction Name: Mobile Devices / Value: 4,540 USD / Location: Pittsburg (U.S.) / Auction keywords: Mobile devices and accessories, Pittsburg, Samsung Galaxy S23


To date, procurement outsourcing has mostly been limited to the transactional purchase-to-pay process rather than the more strategic aspects of procurement.

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.

See more at:  http://www.thehackettgroup.com/procurement-outsourcing/

Source: The Hackett Group

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