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10 Outsourcing Best Practices You Can Apply to Improve the ROI of Your Internal Procurement Team, with Philip Ideson

By December 22, 2015 June 1st, 2020 No Comments
Philip Ideson Procurement Outsourcing Best Practices

It is another holiday week, so another solo show.  This week, I share 10 different best practices that I have observed procurement services providers implement to increase the ROI of the programs that they deliver to clients.  In the show, I discuss how these best practices are just as relevant to internal procurement groups as they are to outsourced programs.

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As part of my day job, I advise clients on how to lever third party services to supplement and increase their procurement capabilities, leading to improved stakeholder engagement and increased procurement ROI.  I get to observe a number of techniques and best practices that these third-party procurement services firms use to drive the success of their client programs.

For this episode, I share 10 different best practices that I have observed that you can apply today to increase the ROI of your internal procurement team.

In this episode, you will learn:

  • Insights into 10 best practices that you can use to increase the ROI of your internal procurement team:
    • Stakeholder SOW & KPI’s
    • Evolution of procurement scope and services
    • Talk the language of your stakeholders
    • Formal program/stakeholder governance
    • Use of market intelligence
    • Follow the money with Finance
    • Lever strategic roadmaps
    • Treat your stakeholders as you would a sales prospect
    • Pick the most important metric and measure it
    • Allow process flexibility and deliver outcomes not process

Links and Resources:

  • Philip Ideson on LinkedInTwitter and Procurious.
  • Finding Supply Market Intelligence without investing in third party service provides – Episode 6 of the Art of Procurement with Kelly Barner.

Thanks for Listening!

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