Managed Procurement Services (Outsourcing of Procurement)

Often in large organizations, where Purchasing is not considered a “core” competency, there is potential value to be unlocked by considering an external solution, not only for the routine processing of invoices and purchase orders, but also for the actual strategic sourcing component (writing specifications, qualifying vendors, constructing RFx documents, negotiation, closure, compliance monitoring). Such purchasing outsourcing is particularly useful for “non-mission-critical” items such as administrative G&A expense as well as the “spend tail” where hundreds, often thousands of items are bought in small quantities, and the transaction cost becomes a significant component of the all-in cost of the item.

Such an outsourcing offers the potential for numerous advantages:

• Purchasing scale: Triton can obtain better prices through a combination of a higher skill base, and leveraging numerous clients’ spend;
• Cost management: Whereas corporate employees’ remuneration is often tenure-based, Artemis is in position to pay the “going market rate” to its’ staff;
• Overhead reduction: Outsourcing of non-strategic categories of expense allows for lower company-wide overheads

Triton Associates offers a bespoke service by which it takes over either the complete purchase-to-pay and tendering process, or selected components thereof. The lower cost base of Triton's “lean operations center” situated in our offshore operations base, allows for our clients to benefit from lower all-in costs. Unlike many competitors, Triton also offers incentive-based remuneration, such that the all-in cost of Triton's services is guaranteed to be a given percentage lower than the current client TCO.