Procurement outsourcing

Procurement outsourcing

Procurement outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services are typically the most popular outsourced,

External links

* [http://www.procurementleaders.com/news/latestarticles/11691/ Standard Chartered Bank procurement case study]


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