• ThrowForward Thursday 161: The Death of Outsourced Procurement

  • Aug 29 2024
  • Length: 6 mins
  • Podcast

ThrowForward Thursday 161: The Death of Outsourced Procurement

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  • Summary

  • More of a hope than a prediction, this episode of ThrowForward Thursday has a rant warning attached, as we imagine a future where companies have stopped outsourcing their supplier management to procurement services that make it incredibly difficult to sign contracts, send invoices and get paid for the products and services rendered. Stopped because - maybe - it has been made illegal to outsource procurement!

    The cost savings companies make by outsourcing procurement services are completely outweighed by the brand and reputation damage they incur as suppliers are made to jump through time-consuming and costly hoops just to get paid.

    Let's imagine a future where companies are driven more by creating a great environment in which to do business than they are by cost-cutting efficiencies.

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Management Economics
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