Delivery Models Opinion

031: Friday Show: 4 Procurement Activities You Should Outsource Today

In this week’s interview with Brian Umbenhauer of Deloitte, Brian discussed the fact that procurement leaders are continuing to outsource tactical and transactional activities.  This is a theme that I hear regularly.  Therefore, in todays episode of The Art of Procurement Friday Show, I thought I would discuss 4 activities that you should outsource today.

The first three activities can be applied to both Indirect and Direct procurement. The fourth is specifically related to Direct Materials Procurement in a manufacturing environment.

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“These are the low hanging fruit as you think about what activities you could lever a third party procurement services firm to do for you.”

4 Procurement Activities You Should Outsource Today

The 4 Procurement Activities that I discuss in this episode are:

  1. Tail Spend Management
  2. Management and Execution of the RFX Process
  3. Procurement Administration Support Services
  4. Manufacturing Procurement Support Services

Episode Transcript (PDF):

  • Click here to download a copy of today’s episode transcript (PDF).

Links and Resources:

 

Thanks for Listening!

 

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.

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