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Procurement Outsourcing An Imperative Solution For Every Business

Posted by Varsha Bhagchandani
Procurement-Outsourcing

Undoubtedly, intense competition in the current business scenario is leading to shifting consumer loyalty and frequent entry of new business players in the market. As a result, the government of every country is revising its regulatory policies by making it more stringent. These are the main factors contributing to the popularity of outsourcing solutions across the globe.

In broad strokes, companies while making critical business decisions are leveraging the potential of outbound call center solutions to streamline their operations, improve in-house process efficiencies, and change their existing business models. The services further help them compete and grow while attaining a sustainable position in the marketplace.  

Let’s dig deeper to understand the broader picture on how contact centers trigger high business growth:

An outbound contact center, as compared to an inbound call center, offers reliable procurement outsourcing services. The services facilitate businesses of all shapes and sizes to transfer their explicit procurement activities like transaction management, sourcing, and category management to vendors. This, in turn, enables enterprises to focus their resources on core competencies while reducing their overall capital outlays and improving bottom line performance. 

Various procurement services offered by a third party service provider include:

Transaction Services: Such services support everyday purchasing decision of an organization, such as order taking and adherence to compliance guidelines with respect to preferred suppliers.

Tactical Services: This encompasses delivering support to in-line managers, offering customized services to the channel partners, and managing budgets without compromising on the quality standards.

Strategic Services: A vendor offering this service ensures that all the strategic projects are efficiently handled by delivering end-to-end solution to manage critical segments of the assignment.

Enterprise that contracts out its procurement activities typically taps on the potential of skilled manpower employed by the vendor, which can effectively guide the firm in policy and process matters. Furthermore, an organization can benefit from the collective expertise by improving its efficiency as well as overall business performance.

Altogether, this leads to significant cost advantages and measurable savings. Besides cost- cutting, there are various other advantages of outsourcing procurement activities to third party service providers, including operational efficiencies, flexibility to ramp up/down procurement team in line with the changing business needs, capitalizing on the expertise of well-skilled professionals, and enhancing customer satisfaction.


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