Source One Sheds Light on the New BPO Model Shaping the Future of Spend Management
Willow Grove (April 26, 2016) – Procurement organizations are evolving, gaining a foothold as a strategic advisor within the best-class-companies they serve. As the responsibilities grow for strategic sourcing and procurement departments, organizations are seeking alternative procurement outsourcing options with flexible models conducive to the level of support needed to achieve company goals. At the forefront of this surging trend for countless Fortune 1000 clients, leading procurement services provider Source One Management Services is releasing a new white paper entitled: Redefining Procurement Outsourcing: Looking Beyond the Limited Traditional Roles of BPOs.
The new procurement white paper explores the factors influencing the demand for tailored BPO, as well as historically utilized models including contingent labor, benchmarking, brand name resources and on-site project-based teams and the limitations each poses. Quickly replacing these models, as explained in Redefining Procurement Outsourcing: Looking Beyond the Limited Traditional Roles of BPOs, are multi-disciplinary, cross functional providers offering enhanced return on investment.
“Simply replacing existing resources for that of a services provider isn’t the final answer to the problem of ensuring continuity of operations and value delivery. As the strategic sourcing and procurement function has changed in recent years, we’ve observed how the limitations of these BPO models impact organizations. In addition to a diminishing return on investment, companies can often lose out on the strategic development of their procurement department which can have rippling effects across the business.” Explains Vice President of Professional Services, Joe Payne. “The white paper aims to educate executives on the outsourcing models available to them when it comes to procurement services. There are all encompassing PSPs, such as Source One, that can provide a wide range of tools, market intelligence and on-demand resources scalable to organizational needs.”
In addition to exploring the factors creating the demand for full-service procurement services providers, the white paper provides insights into how organizations should evaluate their outsourcing needs when selecting the best-fit model. Redefining Procurement Outsourcing: Looking Beyond the Limited Traditional Roles of BPOs also includes a real-world example of the innovation and ROI driven for a Source One client in the pharmaceutical industry.
The white paper kicks off an eventful spring for the leading procurement services provider. Next month, Source One, the exclusive sponsor of the highly elite CPO and VP Exec IN forum, joins the industry’s best and brightest for the premier supply management event of the year – the ISM Annual Conference (ISM2016). Attendees are encouraged to by booth #528 to learn more about Source One’s portfolio of services and listen into Joe Payne’s presentation entitled Navigating Ahead in an On-Demand World: Procurement’s New Realm.