Get More from Your Non-Core Spend – Realizing Value from Procurement Outsourcing (PO) | White Paper
Although many organizations have developed in-house expertise in managing the core procurement spend, their non-core spend management continues to be sub-optimal. According to Everest Research Institute, even a 5-10 percent reduction on this non-core spend can translate into a 1-3 percent bottom-line impact. Procurement outsourcing is a solution that helps companies improvement non-core spend management and capture significant savings.
The paper discusses the challenges companies face in effectively managing non-core spend across the entire source-to-pay process. It includes a case study illustrating leveraging procurement outsourcing to optimize management of non-core spend. The paper also discusses how to minimize savings leakage and maverick spending as well as key considerations for a procurement sourcing initiative.
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Category: Cost reduction & avoidance, Procurement & purchasing, White Papers
