Benefits to Procurement Outsourcing:
- Reduced costs and increase quality;
- Centralized procurement;
- Provide needed goods and/or services;
- New market development;
- Just-In-Time Inventory (JIT);
- Increased supply chain efficiency;
- Best value and remain competitive;
- Government compliance;
- Supplier performance improvement;
- Support day-to-day buying activity;
- Policy/Procedure creation, implementation, validation;
- Transaction automation and processing;
- Focus to core competencies;
- Strong end-user to provider relationship developed;
- Lower procurement related labor costs;
- Overall procurement performance improved;
- Greater control, reporting, and vendor compliance;
- Organization and internal cost performance
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