Our capabilities

Procurement outsourcing 

Is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services (commonly referred to as Indirect procurement) are typically the most popular outsourced activity.

Outsourced procurement teams allow companies to benefit immediately from experienced procurement specialists support & expertise. This avoids the creation of an internal team (new resources) and the required time for that team to structure itself, its processes and its expertise.

Outsourced procurement is therefore an available solution for companies who Have no internal competencies but want to quickly benefit from procurement action (Cost reduction, suppliers and contract management... 

 

Procurement specialists usually split procurement activities into two parts:

01

Direct procurement.

Direct categories are all goods purchased by the company which directly enter into the production process of that company.
02

Indirect Procurement.

Indirect categories are all the goods and services that are bought by the company to enable its activity. This entails a wide scope, including marketing related services (media buying, agencies), IT related services (hardware, software), HR related services (recruitment agencies, training), facilities management and office services (Telecoms, furniture, cleaning, catering, printers), or utilities (gas, electricity, water)...etc.
Specialized procurement service providers are dedicated to procurement and have developed a strong expertise in procurement and procurement outsourcing, mainly in indirect procurement. Additionally, several consulting companies offer procurement outsourcing services in a limited manner, mainly focusing on strategic inputs or recommendations. Procurement services providers will usually ask for a fixed remuneration against commitment to saving delivery. Some providers also work on incentives or performance related fees (% of savings). Apart from procurement outsourcing, PSPs will offer other services like spend analysis or opportunity assessments.

Procure-to-pay 

is a term used in the software industry to designate a specific subdivision of the procurement process.

The procure-to-pay systems enable the integration of the purchasing department with the accounts payable (AP) department.

Unlike source-to-pay systems, procure-to-pay systems do not include the function of sourcing.Also, notions of production planning and forecasting will be excluded from this definition since it relates to the supply chain management.

Procure-to-pay systems are designed to provide organizations with control and visibility over the entire life-cycle of a transaction – from the way an item is ordered to the way that the final invoice is processed – providing full insight into cash-flow and financial commitments. Most of the companies using these systems look for a centralization of their procurement department, or to set up a shared services organization for the same purpose. 

Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service. According to the Chartered Institute of Purchasing and Supply, procure to pay should be a seamless process from point of order to payment. Technology can assist this process.

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