If you are looking to become “best in class” you have the choice of building capabilities in-house or outsourcing some and/or all of your procurement requirements to a third party. There are many tradeoffs in the decision to “insource vs. outsource.” Having researched the options for over a year, Kemper decided to begin a three year journey to build a center-led, best in class procurement function by outsourcing the build function party. After selecting a partner, Kemper began the journey to “Jump Start Savings and Transform Over Time.” Selling the concept into the C-suite, getting early wins and over-communicating are keys to success of the program.
Topics in this session included:
- How to research what it takes to be a best in class procurement organization
- How to assess and decide whether to build the function internally or outsource it to a third party
- How to build the business case to outsource a center-led procurement department
- How to sell the business case and recommendation to outsource into the C-suite
Categories: 2015 Spring - Amelia Island, Summit Presentations
SRC Type: Outsourcing, Procurement Outsourcing / Transformation