What Is Procurement Outsourcing ?

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1. Guest7387
   

   Procurement outsourcing is a general term used to describe a situation where a business or organization purchases procurement services from an outside company. Outsourcing has been around as a business model for a very long time, but it gained notoriety in the mid-1990s as large companies began reducing well-paying positions in favor of outsourcing administrative functions to companies located in other countries. The primary goal of outsourcing is to improve efficiency and reduce administrative overhead costs.

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