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The procurement outsourcing has emerged as a crucial alternative for businesses looking to improve their supply chain operations and streamline their procurement processes. The activity of delegating the procurement function to external service providers whou202fspecializeu202fin sourcing, supplier management, contract negotiations, and other related tasks is known as procurement outsourcing. The procurement outsourcing has grown significantly in recent years, owing to reasons such asu202fglobalization, increased supply chain complexities, and the demand for cost reduction and operational efficiency.
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