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What is this term "service procurement" people keep mentioning? What does it mean? Here we explain what service buying is all about and answer pertinent questions like why do companies buy services, what types there are, who buys them, and how are they managed and analyzed.
Companies are faced with numerous challenges when buying services, like maverick buying, overspending, compliance breaches, and tedious, manual processes. Our list of main problems, and how to solve them, highlights service procurement issues that might even be impeding your company too.
Is everyone buying services independently within any cohesion? Are services properly distributed throughout your teams? Is your company buying duplicate services unknowingly? If you answer, yes, read on.
As an entrepreneur or business leader, you too may have done everything in your power to cut your losses. Reducing personnel, downshifting unnecessary administrative costs, or outsourcing your workforce are only a few examples of prominent measures that have widely been taken. While these steps are necessary for the survival of the business, there are other considerable challenges factoring into the process of successfully running all these operations at optimal costs. In this blogpost we’d like to point out the Top 3 challenges we at Mercanis have seen our partners and clients dealing with along the last months: