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Procurement Services (8742-PS)

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Procurement Services (8742-PS)

Overview of Procurement Services (8742-PS)

— A Procurement Service Provider manages the process of obtaining materials, supplies, contracts at the best price reasonably available through open and fair competition. The use of these service providers is rapidly increasing due to global market conditions and the need for businesses to maintain and reduce costs without eliminating resources. A procurement service provider, is a third party organization or consultant which is used to supplement internal procurement departments. These companies have their own staffing which assist in a variety of tasks including: strategic sourcing, benchmarking, implementing best practices, supplier rationalization, supplier evaluation and negotiation. Within most organizations, it is costly and difficult to maintain expertise in every input cost product category. Using a procurement service partner can provide third-party analysis of an organization's spend, negotiate with suppliers, and manage supplier relationships. As a result, a good procurement service provider becomes a cost-efficient extension of the organization. With a Product Range of more than 1,000 Plastics, Composites, Ceramics, and Specialty Alloys, and locations in the USA, Singapore & Taiwan, Professional Plastics has been a valuable resource to Procurement Service Providers worldwide since 1984.

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