While procurement organizations traditionally handle the execution of all sourcing activities in house (analytics, Rfx management, negotiation, supplier management, etc.), aggressive growth goals require the consideration of alternate approaches. In response to such an opportunity, procurement should be prepared to leverage managed services—also known as Procurement-as-a-Service (PaaS)—as part of their overall spend management strategy. PaaS is not a replacement for in-house procurement talent, but rather an augmentation of its existing potential and capacity.
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