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The Bajan Group defines a category as an area of spend, for example, telecom or office supplies. The Select Categories “SC” format for the Procurement Service Center (PSC) provides a client with the ability to carve out a select group of spend categories they would like to roll into the PSC without outsourcing their entire source to pay requirements. This program is very advantageous for companies who require in-house expertise for specific spend categories, but do not have the same level of expertise for all spend categories. These companies are looking to implement best business practices for their source to pay requirements for products and services that are critical to their operation, but do not justify in-house personnel. Good examples of organizations that fall into this situation are hospitals and high tech manufacturing firms. In both cases, there is a knowledge base required to manage the procurement of various goods and service that entail significant levels of training and experience. However, significant savings can be earned by implementing the PSC for the rest of their expenses.
In this environment, The Bajan Group can provide solutions that enable our clients to dramatically reduce their cost associated with the tactical procurement of non-core products and services, and add category expertise that does not reside in-house. The Bajan Group can also provide resources to enhance the workflow associated with the decision making process for the categories that remain in-house, thereby reducing the costs associated with the process of buying these products and services.
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