Procurement has already established itself as a key lever for driving down costs—but in today’s economy that is not enough for high performance. Chief procurement officers and chief financial officers are increasingly turning to business process outsourcing (BPO) to help them deliver deeper business benefits.
According to Accenture research, Outsourcing and Procurement Mastery, there are strong links between procurement mastery and procurement BPO: Procurement masters achieved savings that are 30 percent higher than low performers—despite running procurement organizations that cost half as much to operate. Procurement masters show a significantly greater take-up of BPO than their less successful competitors.
Accenture is taking the relationship one step further with its next-generation procurement BPO that leverages analytics, innovation, industry process knowledge and innovative technology to deliver deeper business outcomes. Our approach also takes a flexible, modular approach to sourcing and category management.
Contact us to find out how Accenture can help your company improve its performance through next-generation BPO.