Procurement Outsourcing: Trends, Challenges, Benefits and a Roadmap for Implementation

Compared to the more established practices in finance, accounting and HR, procurement outsourcing is a relatively new area that has been garnering significant attention because of its ability to have a much larger impact on an organization. This white paper explains trends in procurement outsourcing, areas within the procurement space that lend themselves to a global delivery model and the key respective benefits. In addition, the authors discuss how organizations can approach this area from an implementation standpoint and share a company's experience as one of the early adopters of procurement outsourcing.