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 chose to outsource in order to improve cost efficiencies. Demand from public-sector organisations also increased because of pressures on public spending. In addition, rising IT and telecommunications adoption 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 - 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 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