SMALL BUSINESS PROCUREMENT OUTSOURCING
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SMALL BUSINESS PROCUREMENT SERVICES
For any organization, procurement is an essential business process. Organizations acquire goods and services from external suppliers at the best price to expand, enhance operations, and optimize business performance. Being the indispensable business catalysts, procurement and procurement processes have evolved at a rapid pace over the last few decades. The current procurement process is quite more complex and dynamic than the conventional one, wherein the buyers used to directly connect with the suppliers regarding competitive bids and attain short-term contracts that were fairly based on a pricing standpoint.
What is Procurement?
Procurement can be referred to as the range of activities undertaken by businesses in obtaining goods and services. While procurement generally refers to the final stage of purchasing, it can also include the entire procurement process overall. Organizations can function as either the buyer or the seller though the focus is generally on the soliciting company. Procurement is referred to as performing "the five rights": getting the right quality, in the right quantity, at the right time, for the right price, from the right source.
Mature procurement organizations have been adopting the concept of shared services for some of the core-spending areas along with the option of outsourcing to third parties. Some organizations that have achieved cost benefits are interested in realizing other benefits that add value to the procurement process by outsourcing from shared services to third party PO companies. Considering this evolving trend, Global-Mpg Small Business Procurement Outsourcing service provides solutions targeting the your company current operations and specific needs.
Procurement Outsourcing Services Model
Global-Mpg Procurement Outsourcing service will provide a more tailored solution model to meet our customers’ specific needs.
By process: Instead of outsourcing the entire procurement function, the companies can now outsource specific categories, even a single function in (P2P) procure to pay process or (VMI) vendor managed inventory process.
By operating model: Procurement organizations are flexible in terms of offering their services to clients (i.e., they can take up the tasks from the procurement in-house team and perform the activities from their delivery centers/manage the organization’s Shared Service Centre and standardize the procurement activities for a fixed duration.
Small Business Procurement strategy
Cost efficiency and increased availability of information resources among entities in the entire supply chain, which eliminate potential time delays in the network.
Domestic and international market-level competition. This requires organizations to be fast, agile, and flexible at all times.
Ever-evolving and demanding customer expectations and requirements.
The ability of an organization's procurement and supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream products or services to mitigate the impact on lost sales. With evolving customer needs, organizations and their suppliers must be responsive or face the prospect of lost opportunities, and revenue share.