SERVICES

Even though procurement as a service is relatively a new model, most companies see the value and benefit of leveraging this best-in-class solution. With our procurement services, they can streamline their operations and reduce costs without sacrificing quality. As with any business process, procurement is time-consuming and complex. By outsourcing some or all of this process to us, businesses can free up valuable resources for more important tasks. Here are some of the key benefits of using our procurement as a service model:

1. Cost savings opportunities

Tapping into the economies of scale provided by our service can help organizations save money on procurement functions, particularly for high-volume purchases. Customers can often get access to better deals and discounts that they wouldn’t have been able to sometimes negotiate on their own. We also have deep international expertise to help customers procure across borders. In addition, customers can save significantly on labor costs and other overhead expenses since we take care of some or all the necessary tasks involved in sourcing and procurement so customers focus on their core competencies.

2. Access to deep procurement expertise

We have deep experience in the field, which allows our customers to leverage our expertise when needed in negotiating contracts, and managing the overall process. We also provide valuable guidance on market trends and industry best practices, which helps businesses stay ahead of the competition.

This expertise is incredibly helpful for companies just starting their procurement strategy or looking for optimization of their existing processes. Our technical expertise can also help customers integrate new technologies seamlessly into their existing systems to enhance operability.

3. Faster procurement process

With new technologies and automation, many of the manual and tedious tasks involved in procurement are eliminated or streamlined. As a result, the process can be completed in a fraction of the time it would take using traditional methods. Our customers can scale up or down as needed without being penalized for adjustments. We also enable the necessary documents such as purchase orders, invoices, and contracts to be accurately generated timely, allowing organizations to reduce cycle times and make quick decisions to stay agile in a competitive market.

4. Better control and visibility

We do the bulk of the procurement work for you, therefore, organizations have more control over the procurement process and can keep better tabs on where their money is going. With the help of technology, we can get real-time insights into procurement activities, enabling our customers to make more informed decisions about what to purchase and when. We also get more visibility into suppliers and vendors, allowing customers to track performance metrics, such as on-time delivery or cost savings over time.

5. Improved compliance and value tracking

Rather than relying on manual processes and paper trails, procurement services use advanced automation tools to capture and track data, which ensures that everything is recorded accurately and compliant with internal policies and external regulations. This is valuable in reducing risk and exposure to our customers.