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‘Managed Services’, ‘Procurement Outsourcing’ or new variations such as Procurement ‘Out Tasking’ are becoming key strategic business drivers. thinkgroup’s findings indicate that organisations utilising procurement specialist to fulfil part or all of the procurement functions are achieving greater results than companies choosing to ‘go it alone.

This trend is growing dramatically as market pressures increase on organisations to manage costs more intelligently and increase the bottom line or profitability. According to Everest, “Procurement outsourcing has the potential to become the biggest ‘game changer’ in business process outsourcing.”

To determine where an organisation can achieve its greatest improvements thinkgroup would first conduct an assessment of organisations procurement processes. The assessment thinkgroup conducts provides a ‘scorecard’ outlining where an organisation is ranked against other organisations and ‘Best Practice’.

Using independent empirical research as a framework thinkgroup has identified the key areas that companies need to focus on to achieve ‘Best Practice’. thinkgroup’s Total Cost of Procurement Index (TCP Index) identifies the scope of where improvements can be achieved and what specific Managed Services might be required and the model that will best fit your needs.

thinkgroup defines managed services in specific categories. These categories range from full outsourcing of a procurement process to out tasking specific functions in your purchasing cycle.

thinkgroup's Managed Services allows an organisation to focus on their core business and outsource or out task those non-core activities.