Procurement Support

Did you ever consider outsourcing procurement activities such as sourcing and supplier management to a third party? Over the past decade, many companies have recognized the benefits of outsourcing procurement functions to improve efficiency, reduce costs, and bring in specialized skills.

Procurement solutions from ComplianceXL provide a very high level of efficiency in the procurement and supplier management process. During procurement, many transactional activities can be outsourced because they are processes that can be clearly defined and measurable with specific KPI metrics. When your company adopts a procurement outsourcing strategy, you can allow key resources to concentrate on their core functions.

A procurement outsourcing service from ComplianceXL is fully customized to meet your unique business requirements. Here are some examples of the types of procurement services organizations can outsource:

Procurement Services

  • Strategic Sourcing
  • Category management
  • Vendor qualification & onboarding
  • RFI / RFQ support
  • Contract and Performance management
  • Low-Cost Country Sourcing
  • Bid equalization
  • PO processing
  • Order Confirmations & Expediting
  • Invoice reconciliations
  • Spend Management
  • Supplier quality monitoring

Additionally, we can assist you with strategy development and implementation, as well as reengineering your procurement process, including benchmarking. Having a deep understanding of commodities as well as the global supply base allows our MRO commodity specialists to improve profitability.

Key benefits of procurement outsourcing

  • Increasing efficiency and standardizing processes
  • Reduces overhead costs
  • Allowing access to highly skilled personnel who keep up with supply base trends
  • Allowing for multilingual communication with suppliers
  • Highly flexible and scalable team structure
  • Concentrate resources on core functions
  • Set up KPIs to measure quality and productivity of processes