Services Procurement

Services procurement encompasses the strategic management and procuring of complex category services such as contract labour, consultancy services, marketing, print, travel, telecoms and legal services.

Services spend represents an enormous expense and while companies try in earnest to control the costs, few have the same visibility into their services expenditure as for goods and materials.

It is estimated that nearly 50 per cent of corporate procurement spending is for services, and for even the most proficient enterprise, services spending can still be an abyss of unsourced buying and lost savings opportunities.

Consequently leading organisations are looking at methods for tracking this spend and the significant savings a correctly centralised services procurement strategy can deliver.

Understanding the needs of the client

Their issues range from delivering cost savings to the bottom line; sourcing effectively from low cost regions; working together with suppliers to deliver value for the longer term through to developing talent within the procurement team. These challenges are often intensified by addressing them in complex, international, multi-functional environments.