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Global Procurement Shared Service

by Procurement Intelligence/ Market Intelligence/ Green Procurement/ Risk Management at Beroe Inc. on May 13, 2013

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Global procurement shared services are used by large firms to minimize the total cost of procurement and improving their efficiency and effectiveness in procurement operations. Procurement shared ...

Global procurement shared services are used by large firms to minimize the total cost of procurement and improving their efficiency and effectiveness in procurement operations. Procurement shared service involves consolidating the procurement services of an organization into stand alone business units that focus completely on this function. Functions that are not considered as a core competence of the company are usually outsourced to the shared service center.Procurement shared service is essential to ensure efficient and economical performance of procurement activities, thereby increasing procurement coverage and satisfying customers both internally and externally. The procurement shared center helps in establishing a relationship between the transactional and strategic operations of the company.

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Global Procurement Shared Service Global Procurement Shared Service Document Transcript