Procurement Outsourcing
Overview
Outsource what is non-core has been a traditional line of management thinking for several decades. Many organizations have embarked on this journey and in the process lost millions of dollars in establishing rule-based procurement outsourcing relationships with many of the well-known providers. While the immediate business case always looks strong, many of the procurement outsourcing programs fail to deliver within the first 18months. With emergence of a lot of digital suites, spend on rule-based procurement outsourcing has diminished, and many of the traditional procurement outsourcing firms have focused on calling themselves category experts. CtrlSpend has helped many companies determine the business case for procurement outsourcing, established and negotiated clear performance metrics for these relationships and helped organizations screen culture and talent fitment.
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