Ever thought of being a BPO Strategic Sourcing and Procurement scientist? Err… what’s that?
By Zan Azlee
From the sleepy town of Sabak Bernam to the fast-paced and ultra-urban BPO strategic sourcing and procurement management industry in the capital city of Kuala Lumpur and the Klang Valley, Hafiz Abdul Razak has definitely changed his lifestyle upside down.
But wait! What is BPO strategic sourcing and procurement management?
Quite simply, an organization’s profitability depends on its productivity. An increase in revenue combined with a reduction of costs means that profit margins are maintained or even expanded.
If before, most organisations just chose vendors who could provide them with the cheapest services in order for them to keep check of costs, these days, it has become quite a sophisticated science.
Strategic sourcing means securing the best products and services for a company’s success while procurement management deals with the best method to order and purchase items.
BPO strategic sourcing and procurement management refers to the service provided to organisations to handle this work.
“The cheapest choice sometimes does not give the lowest total cost of ownership,” explains Hafiz, who is a data scientist at MyBiz, a leading BPO consultancy in Malaysia.
In his role, Hafiz, a pure maths graduate from UiTM, helps large companies optimise their spending. He analyses spending trends to identify and execute cost optimisation programmes. [Click to read the full article at KopitiamEkonomi.Com]