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Top 10 Reasons Companies Might Want to Consider Using Procurement Outsourcing

May 15, 2014

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Top 10 Reasons Companies Might Want to Consider Using Procurement Outsourcing

May 15, 2014

1. Direct savings on cost of goods
2. Expedited order fulfillment and order delivery, shortening manufacturing cycle times and lowering total cost of operations
3. Consolidation of vendor base, reducing per transaction costs
4. Fuel company growth and drive new profit centers by helping company to focus on core activities
5. Reduce time spent on order details/problems, and time-consuming purchases, reducing overhead costs
6. Utilize experience of sourcing specialist for non-core purchases or to locate hard to find products
7. Expansion of sources of product availability
8. Provide just-in-time fulfillment reducing inventory levels and inventory costs
9. Mitigate supply risks
10. Immediate return on investment without adding additional costs, infrastructure, people and all the attendant risks

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