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Webinar: Role of Offshoring in Procurement Outsourcing
Role of Offshoring in Procurement Outsourcing
The value proposition of PO has been around spend-related savings and not labor arbitrage. Consequently, the degree of offshoring in PO contracts is only around 20% - less than a third of the typical offshore component in other BPOs like Finance & Accounting Outsourcing (FAO). However, significant opportunities for value creation through offshoring exist in the Procure-to-Pay (P2P) space and analytics. Leading PO suppliers are now optimizing their location strategy by evaluating onshore, near-shore, and offshore destinations. This one-hour complimentary webinar draws on Everest Research Institute’s latest study titled “Offshoring in PO” on how global sourcing is beginning to play a vital role in creating a stronger business case for outsourcing procurement.
You will learn the following:
- Value proposition of offshoring in PO
- Key barriers and drivers to offshoring
- Offshore supplier and location landscape
- Implications for buyers and suppliers of PO services
Presenters
Katrina Menzigian - Vice President, Everest Research Institute
Saurabh Gupta - Research Director, Everest Research Institute
Webinar recording
Click here to view a recording of this webinar.
RELATED RESEARCH
Global Sourcing in PO
The value proposition of Procurement Outsourcing (PO) is centered around spend-related savings and not labor arbitrage. Consequently, the degree of offshoring in PO contracts is only around 25% less than half of the typical offshore component in other outsourcing markets like Finance & Accounting Outsourcing (FAO). However, more recently we are witnessing increasing levels of offshoring in PO contracts, as global sourcing has the potential to become a significant enabler for outsourcing procurement by providing additional levers for managing the operational costs. |
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