What is Third-Party Procurement?
Third-party procurement, often referred to as outsourcing procurement, involves hiring an external provider (like Pierce Distribution Services) to manage the purchasing of goods and services on behalf of a company. This external provider, or third party, takes over the procurement process, leveraging their expertise, resources, and networks to secure the best deals and streamline the purchasing process. Essentially, it removes headaches and allows companies to focus on their core operations, while ensuring efficient and cost-effective procurement.