Outsourcing Procurement

Over the years, outsourcing has become one of the mainstay strategies for global organizations to scale and grow business. Moreover, as a cost-effective measure, procurement outsourcing provides many benefits, such as helping organizations achieve efficiency, enabling them to spend more time on strategic-making activities, encouraging internal staff development, providing flexibility and time zone advantages, and more.

To talk about its role and growing impact in today’s dynamic business world, Kartik Nagarajan, Managing Director, Business Consulting & Global Business Services (Sales), discusses the key priorities and functions that business leaders must incorporate in their business growth strategic framework.

He accentuates on the various procurement priorities such as Talent Management, Digital Transformation in Procurement, Responsible Outsourcing (ESG), and more. Also, Kartik elaborates on how properly implementing and incorporating these priorities can help organizations ensure robust supply chain continuity while eliminating unnecessary expenses.

He further emphasizes the three key areas of procurement functions, viz Procurement Support, Contract Management, and Account Payable.