How to Get the Biggest Bang Out of Procurement: Keep Strategic Spend Close
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Where can you get the biggest bang for the buck in Procurement? According to George Joseph, who heads Supply Chain Management and Knowledge Process Outsourcing at Wipro BPO, it's in "strategic spend" – which typically makes up 60-65% of total spend. He suggests a company take their best people and focus them on the most strategic activities. Everything else can be outsourced to leverage better quality resources at a fraction of the cost. Spending time on "tail and tactical" spend is just...
