Challenging economic times will push companies and their management to find new ways to streamline operations and curtail costs. Initiatives to outsource non-core functions and streamline the supply-chain have been on the rise in recent times. Among these measures is offshore outsourcing of the purchase order (PO) processing function. Although its popularity has been lagging behind other BPO offerings, we foresee companies increasingly embracing source-to-pay (s2p) offshoring. As pressures to rapidly implement these engagements grow, so does the possibility of failure due to unsuccessfully transitioning in-house managed processes to outsourced engagements.
The upcoming webinar titled “Guide to Outsourcing the Source-to-Pay Function: Critical Elements for a Successful Transition”, presented by Mary Ellen Mitchell, Softtek VP Strategic Sourcing and Procurement, will address:
- What are the challenges faced by CPO in a turbulent environment?
- How can s2p outsourcing empower the CPO?
- What are the typical phases of a smooth transition plan?
- Best practices for a successful transition.
For a complete guide on outsourcing the Source -to- Pay function you can also read a Softtek White Paper around the topic here
