Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry is expected to grow steadily during the five years through 2015-16. This is primarily because businesses have chosen to outsource in order to improve cost efficiencies. Demand from public-sector organisations increased because of pressures on public spending. In addition, rising IT and telecommunications adoption has made it easier to outsource procurement-related activities. However, although business capital spending increased during the past five years, it remained somewhat depressed during the start of the period when compared with levels recorded prior to the recession. Similarly, the number of businesses operating in the United Kingdom during the start of period remained below pre-crisis levels... purchase to read more
Industry Report - Starting a New Business Chapter
The industry is largely self-regulated, which means that compliance-related barriers to entry are low. Other barriers to entry are considerable, however, and relate to the need for industry participants to establish credibility with clients. For example, potential new entrants need to be able to attract appropriately qualified staff, often with niche knowledge relating to the major markets an enterprise hopes to target.
Connections to international networks for procurement are also critical, since companies' supply chains are becoming increasingly globalised. Potential entrants need to understand overseas and domestic regulations surrounding import and export of goods... purchase to read more