As organizations align their procurement goals with their strategic business agendas, they expect procurement to drive business outcomes such as risk management, innovation, working capital optimization, and spend visibility, in addition to its more traditional cost-saving responsibilities. Procurement Outsourcing (PO) service providers are increasingly becoming enterprises’ strategic partners as they engage in areas focused on driving improved outcomes rather than only running transactional processes. They have played a significant role in helping enterprises maintain the business continuity of procurement operations and overcome the challenges associated with COVID-19-related disruptions.
In fact, these providers are helping companies transform their procurement operations and drive the adoption of digital technologies such as advanced analytics and Robotic Process Automation (RPA) by leveraging in-house capabilities, partnership ecosystems, and targeted investments. They continue to strengthen their domain expertise and digital capabilities to offer a wide range of solutions to address specific client requirements.
This research provides a comprehensive analysis of the PO market across dimensions such as adoption trends, buyer objectives, service provider landscape, and the evolving market scenario.
Scope
All industries and geographies
Contents
In this research, we focus on:
- Components of high-value PO engagements
- Approach to the Source-to-Pay (S2P) digital ecosystem
- Emerging trends influencing PO deals
- PO market overview and adoption trends
- Key buyer adoption trends
- Service provider landscape
Membership(s)
Procurement Outsourcing (PO)
Sourcing and Vendor Management
