Procurement Process Outsourcing
Procurement Process Outsourcing (PPO) is a business strategy in which a company delegates its procurement processes to a third-party service provider. This outsourcing model involves transferring the responsibility for various procurement functions such as Sourcing, Purchasing, Contract Management, Data Management and Analytics, Customer Service Outsourcing to an external organization.
The main objective of procurement process outsourcing is to enhance efficiency, reduce costs, and improve the quality of goods and services acquired by the company. Sunstream has expertise in delivering the procurement process services effectively to customers. By leveraging the expertise and resources of Sunstream’s procurement process team, businesses can streamline their procurement operations, gain access to a low cost center, and benefit from industry best practices.
Key features of our procurement process outsourcing services include:
Customer service outsourcing involves delegating the responsibility of handling customer interactions and support to a third-party provider. This approach can help businesses streamline their customer service operations, improve customer ...
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Sunstream provides data management and analytics in the context of procurement. We provide processes and services to collect, organize, analyze, and derive actionable insights from procurement-related data. Effective data management and a...
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Contract management is the process of managing contracts, agreements, and other legally binding documents throughout their lifecycle, from initiation to execution to renewal or termination. It involves various activities aimed at ensuring...
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Purchasing is a subset of the broader procurement process and refers specifically to the transactional activities involved in acquiring goods or services from external suppliers to meet an organization's needs. It encompasses the actual b...
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Sourcing is a fundamental aspect of procurement that involves the identification, assessment, and selection of suppliers or vendors to fulfil an organization's needs for goods, services, or works. It encompasses the process of finding, ev...
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