Procurement and sourcing are essential functions in any organization, as they involve finding, acquiring, and managing the goods and services that the organization needs. However, procurement and sourcing are also complex and dynamic fields that require constant learning and updating of skills and knowledge. That’s why online training courses can be very beneficial for procurement […]
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IT outsourcing is a popular procurement and sourcing practice among organizations that want to, amongst a number of reasons, reduce costs, access specialized skills, develop their capacity, focus on their core competencies. As with any business practice, IT outsourcing involves risks and challenges, such as loss of control, cultural differences, and contractual disputes. Such risks
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what is a ‘critical’ or ‘important’ function? Over the years Iâve had many conversations around what is and isnât outsourcing. One issue is whether the service in scope is significant or material and this has proved to be something of a movable feast. Leaving aside compliance to outsourcing guidelines having clear criteria in this area
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how to reduce value leakage and meet all of your outsourcing goals Research (see work done by the IACCM) suggests that outsourcing arrangements leak value to the tune of as much as 40% or more. In monetary terms this can equate to eye watering amounts that run into millions of dollars. While there are many
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the structure of outsourcing governance – three critical elements How many contracts for outsourced services does your organisation have now? If you are a larger organisation it will be many. The challenge is to ensure that each individual contract is successfully commissioned and managed AND all contracts successfully comply with organisational policy and strategy. The
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