BPO Future Forward: 6 Benefits of the International Purchasing Office (IPO) Model

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Post on 30-Jun-2015

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A hypercompetitive business environment calls for newer, innovative approaches to sourcing and procurement (S&P). Low cost country sourcing (LCCS) or best cost country sourcing (BCCS) helps cut costs by sourcing a number of tasks to geographies that are competent while being competitive. However, until now LCCS worked independent of BPM processes. A newer approach is the international purchasing office (IPO) model that capitalizes on the strong synergy between the LCCS and BPM. Here are 6 reasons why IPO is the way forward for sourcing & procurement functions.

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<ul><li> 1. THE SOURCING AND PROCUREMENT (S&amp;P) SERIES6 benets of the international purchasing@Infosys_bpo #Procurementoce (IPO) model</li></ul> <p> 2. THE SOURCING AND PROCUREMENT (SP) SERIES6 benets of the international purchasing oce (IPO) modelThe traditional approach to SP is giving way to newer,innovative approaches all in an eort to derive more businessvalue. One example is low cost country sourcing (LCCS) or bestcost country sourcing (BCCS), which until now workedindependent of business process management (BPM) processes.A newer approach is the IPO model that capitalizes on the strongsynergy between the two. Here are 6 reasons why IPO is the way@Infosys_bpo #Procurementforward for SP functions. 3. 1THE SOURCING AND PROCUREMENT (SP) SERIES6 benets of the international purchasing oce (IPO) modelA typical IPO carriesout sourcing and@Infosys_bpo #Procurementsupplierdevelopment, andgathers suppliermanagementinformation that laysfoundation for BPMin a more structuredmanner2The IPO model helpsidentify and developkey suppliers acrossimportant sourcingcategories(direct and indirect)LAYS A STRONGFOUNDATION FOR BPMENHANCES GLOBALSUPPLIERDEVELOPMENT 4. 3THE SOURCING AND PROCUREMENT (SP) SERIES6 benets of the international purchasing oce (IPO) modelCountry-focusedsourcing eorts willmake the most ofbenets available inthe suppliers native@Infosys_bpo #Procurementcountry4An IPO can bemodularized to theextent that it is ableto form a nicheservice oering tothe overall source topay (S2P) teams inthe enterpriseGLOBAL SOURCING TOCOUNTER GLOBALCOMPETITIONVALUE FROMBEING MODULAR 5. 5THE SOURCING AND PROCUREMENT (SP) SERIES6 benets of the international purchasing oce (IPO) model@Infosys_bpo #ProcurementWith an IPO,sourcing andprocurementfunctions can benetfrom fully engagedcategory experts andquality assuranceteams6LCCS-enabledcategorymanagement, byvirtue of beingconnected totransactionalprocurement andother processes,means more avenuesto eectively utilizeBPO servicesEND-TO-END CATEGORYMANAGEMENTEXPANDS BPOPOSSIBILITIES 6. THE SOURCING AND PROCUREMENT (SP) SERIES6 benets of the international purchasing oce (IPO) model@Infosys_bpo #ProcurementFIND OUT MOREBlog postREADWhite PaperREADInfographicVIEWNetwork with industry leaders at InfosysBPO.com/communityInfosysBPO.com/BPOFutureForward </p>