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 Locations Chapter
The Procurement Outsourcing Services industry offers its services to a range of industries in the public, private and government sectors. As a result, the industry's geographic distribution largely follows business activity. London and the surrounding areas (the East of England and the South East) command the largest share of industry establishments because this area is the business hub of Britain.
There are a considerable number of establishments located in Scotland because a great deal of oil and gas exploration occurs there. IBISWorld expects that many of these companies are keen to outsource indirect procurement activities to help reduce costs... purchase to read more