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problems with procurement management, procurement management, procurement outsourcing

Procurement was once considered an operational function for just executing orders. However, in the previous few years it has finally been awarded the top strategic role that it deserves. This has come with a handful of great responsibilities and, unfortunately, lots of pressure. Nowadays the procurement department is responsible for so many additional achievements within the company, from risk management to sustainability impact, surpassing its cost-cutter legacy by far.

outsourcing outside of USA, procurement outsourcing, jobs in USA

Exporting jobs overseas is now being looked at with increasing scrutiny. Companies in the USA are more than ever looking to see how they can keep jobs remaining in the USA. However the trend in business process outsourcing in the past 20 years has been going in the opposite direction. More than 6 million jobs are currently outsourced out of the US with an estimated 300,000 jobs outsourced out of the US every year. This trend has recently received more criticism. 

Vital signs that it's time to consider outsourcing

Are your current vendors not achieving service levels or cost saving levels that meet your expectations? 

Frustrated that your current vendors take a reactive and not proactive approach to solving critical procurement problems? You are simply not getting answers on time. 

How to chose the right supplier for your business

Choosing the right supplier may be one of the hardest decisions a procurement department has to make and 31% of procurers stated this as the hardest part of their job. 

The right supplier means that your products and services are delivered on time, that you are receiving the optimal price to meet your needs and that the quality is in compliance with your standards. 

procurement outsourcing things companies want to know

Procurement outsourcing is on the rise mostly due to its large cost saving potential (Central Trading Agency, Inc or CTA, Inc. provides to its clients up to 30% savings on their procurement expenses), but also due to ability to provide first class procurement service to companies. Most companies are unable to manage a large number of suppliers, especially when it comes to non-core spending, or don’t have the sufficient time or money to invest in their procurement department staff.

What is Tail-End Spend and Best Practices to Manage it Effectively

The long time elephant in the room of every big business – a tail-end spend management is finally becoming a procurement priority. Usually, procurement organizations have been focused on managing their strategic spend and that means 80% of total spend. The tail-end of a procurement department’s spend refers to the 20% of non core transactions that are left unmanaged, usually due to a high volume of suppliers and limited in-house resources.

Procurements’ Best Kept Secret - Supplier Diversity

I have been a small procurement owner for years now and I’ve seen it all in this business.  However, I still learn every day and I believe I will never stop because I always strive to be better at what I do. One thing that never seizes to amaze me is the importance and capabilities of small companies.

Procurement Outsourcing Procurement Company

If the time has come for your company to outsource its Procurement process, how do you go about choosing a good outsourcing partner? You should look for a company that offers a broad range of quality materials and products, timely deliveries and quick lead times, and that can help you reduce costs.

Speed should be the focus and the forte of a good Procurement process. Why? Because timing is everything, especially for Procurement in Manufacturing. Timely deliveries of raw materials and other goods have an immediate impact on reducing companies’ costs and increasing their revenue. Here is how

Procurement outsourcing market was estimated to be worth approximately $2.2 billion in 2015, with an estimated growth of 12% in 2016. This illustrates how more and more companies are jumping on the outsourcing bandwagon. Read on to find out how to choose the right outsourcing partner. 

Manufacturing companies are looking at ways to optimize their bottom line by, among other strategies, cutting costs and optimizing operations. If manufacturers look at where their greatest investments are made, it becomes obvious that an optimized Procurement process can be of benefit to their bottom line. Why?

E-procurement systems have made great strides in automating and streamlining the procurement process and have become increasingly popular in corporate America. 

We took a closer look to see what advantages outsourcing some procurement activities to a procurement service provider might have over these systems.

Procurement in Aerospace

All industry executives know that they must optimize their Procurement operations in order to reduce internal costs, increase profits and safeguard their production from external risks. What is the way forward for Procurement optimization in Aerospace? In this article we explain the challenges and outline some best practices. 

why outsource

Today’s increasingly competitive market is forcing companies to improve operations or face diminishing market share. As internal optimization can be very expensive and complicated and requires time that most companies don’t have, Procurement outsourcing has become an essential strategy for companies to remain competitive.

Find out how CTA can help you optimize your procurement process.

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