Procurement Outsourcing

News... 17 Oct Corbus and Ramco establish global partnership that enhances business value 08 May ICG Commerce Marks Significant Growth in 2006, Projects Continued Expansion in 2007 15 Dec Hackett Research Alert - World-Class Procurement Organizations Now Spend 25% Less 14 Dec ICG Commerce Recognized for Excellence in Procurement Outsourcing 15 Nov Ketera and The Claro Group Team to Offer Strategic Sourcing and Services 17 Oct Ketera And Infosys Bpo Form Strategic Procurement Outsourcing Alliance 16 Oct ICG Commerce Announces Procurement Services Program for Global Crossing 18 Sep Altran Outsources Procurement to Ariba 14 Sep Ariba Rings In Decade of Revolution in Procurement and Sourcing 12 Jul Timken to Renew Procurement Partnership with ICG Commerce 15 May Lucent Technologies Extends Outsourcing Agreement with Ariba for non-strategic procurement 23 Mar Solectron Signs Multi-Year Contract With IBM for Procurement Business Transformation Services 15 Mar Unilever Pursues Multiple Procurement Outsourcing Options More News...

Organizations spend more than 50% of their budget for procuring goods and services. Most organizations manage their sourcing and Procurement in house. However, few organizations are capable of effectively managing Procurement across all spending categories. Developing these Procurement expertise may prove to be too costly or time-consuming. Outsourcing these under performing operations and under leveraged spending can help enterprises save billions of dollars.Organisations can save billions of dollars by transferring Procurement processes and poorly controlled spending categories to third party Procurement service providers. Outsourced Procurement service providers can do a better job of Procurement through economies of scale, category expertise, global sourcing knowledge, efficient operation and Technology infrastructure. As a result more and more organizations are embracing Procurement outsourcing and concentrating on their core competencies.