Purchase outsourcing in lockdown
As we all are facing the coronavirus pandemic pushing India into a lockdown since almost 2 months. The call centre, IT department that functions as the world's back office are struggling together to work from home solutions and other business continuity plans. Due to sudden decision of our honorable Prime minister Mr Modiji many companies were not prepared for the work from home arrangements. This raised questions as to whether it would work out or not. However things did get on track and employees got used to the process gradually.
Right now many companies who couldn't promote the work from home arrangement left their employees to seek for options that could help them earn their bread and butter by applying to the outsourcing opportunities as per their intellectual and capacity to grasp.
Outsourcing procurement is a good option for all those companies who have no internal competencies but are willing to develop procurement solutions to drive savings, maximize profits, gain expertise and most importantly survive in this pandemic.
There are below types of procurement outsourcing-
1. Direct procurement- It is an act of buying raw material, goods and services for production. These purchases are done in bulk from a pool of suppliers at best cost, quality and reliability.
2. Indirect procurement- It is an act of purchasing goods, services and supplies required to keep say to day business alive. This comprises of marketing, Information technology, accounting, finance and human resources services.
The procurement services include-
1. Sourcing services- analysis, category strategies and management.
2. Procurement services- involves invoice, receipt and reconciliation of payment files.
Using an ERP program is need of the hour which keeps the employees on same page where they can insert and fetch data and work efficiently.
Now let's move to the benefits of purchasing outsourcing-
1. It allows access to skilled experts.
2.You can focus on core activities.
3. Better risk management.
4. Increasing efficiency of the company.
5. Business is alive 24x7.
6. Staffing flexibility.
7. Cut on costs and save more.
8. Gove your business a competitive edge
9. Overall increase in your business.
Right now many companies who couldn't promote the work from home arrangement left their employees to seek for options that could help them earn their bread and butter by applying to the outsourcing opportunities as per their intellectual and capacity to grasp.
Outsourcing procurement is a good option for all those companies who have no internal competencies but are willing to develop procurement solutions to drive savings, maximize profits, gain expertise and most importantly survive in this pandemic.
There are below types of procurement outsourcing-
1. Direct procurement- It is an act of buying raw material, goods and services for production. These purchases are done in bulk from a pool of suppliers at best cost, quality and reliability.
2. Indirect procurement- It is an act of purchasing goods, services and supplies required to keep say to day business alive. This comprises of marketing, Information technology, accounting, finance and human resources services.
The procurement services include-
1. Sourcing services- analysis, category strategies and management.
2. Procurement services- involves invoice, receipt and reconciliation of payment files.
Using an ERP program is need of the hour which keeps the employees on same page where they can insert and fetch data and work efficiently.
Now let's move to the benefits of purchasing outsourcing-
1. It allows access to skilled experts.
2.You can focus on core activities.
3. Better risk management.
4. Increasing efficiency of the company.
5. Business is alive 24x7.
6. Staffing flexibility.
7. Cut on costs and save more.
8. Gove your business a competitive edge
9. Overall increase in your business.
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