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Procurement Outsourcing Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Procurement Outsourcing Services Market Research Report | SIC M70.228 | Aug 2014

A source of growth: Demand is rising as businesses focus their approach and improve efficiency

IBISWorld’s Procurement Outsourcing Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Accenture plc Accenture plc market share
Capita plc Capita plc market share
Xchanging plc Xchanging plc market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
19,384
Businesses
1,832
Industry Analysis & Industry Trends

The Procurement Outsourcing Services industry is expected to grow moderately during the five years through 2014-15, even though economic conditions were weak for much of the period. This is mainly because firms chose to outsource in order to improve cost efficiencies when operating conditions were difficult. Demand from public sector organisations increased because of pressures on public spending. In addition, rising IT and telecommunications adoption made it easier to outsource procurement-related activities. However, weak capital expenditure, lower procurement volumes and a fall in the number of firms operating in United Kingdom at the start of the period constrained demand for the industry's services. Industry revenue is projected to grow at a compound annual rate of 3.6%... purchase to read more

Industry Report - Industry Products Chapter

Unlike business process outsourcing, which tends to focus on back-office services, the Procurement Outsourcing Services industry specialises in sourcing and supplier management services. A vast number of procurement services are available, but the simplest division is into direct or indirect procurement outsourcing services.

Direct procurement

Direct procurement covers the acquisition of raw materials and goods that are used in a firm's production process. In the livestock industry, for instance, animal feed would be one of the prime direct procurement categories. This segment has exhibited marginal growth because companies typically operate with enough scale to develop and run in-house procurement teams... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Procurement Outsourcing Services Industry?

Businesses in this industry provide direct and indirect procurement services for their clients. Procurement outsourcing allows client companies to reduce their costs and become more efficient.

Industry Products
Direct procurementIndirect procurement
 
Industry Activities
Direct procurementIndirect procurement


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