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Keep a close eye on an accelerating trend to outsource the purchasing function.
Accenture. a consulting firm with an interest in outsourcing. says that nearly half of U.S. companies responding to a survey it conducted plan to outsource some part of their procurement operations within three years.
Procurement outsourcing is a powerful weapon that savvy companies can use to build new strategic and competitive advantages.’ says Richard Laub. an Accenture partner who heads its European procurement practice.