Procurement as a Service (PaaS)

Procurement as a Service (PaaS) is a flexible, outsourced solution where a company hires an external provider to manage its procurement processes—such as sourcing suppliers, negotiating contracts, and purchasing goods or services. This approach leverages specialized expertise, technology, and resources without the company needing to build and maintain those capabilities internally. PaaS can improve efficiency, reduce costs, and provide access to a broader network of suppliers. It’s like outsourcing the complex and ongoing task of purchasing, allowing organizations to focus on their core activities while trusting experts to handle procurement effectively.