Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry has enjoyed buoyant conditions over the five years through 2014-15. Industry revenue is estimated to grow at an annualised 10.2% over the period to reach $93.1 million. With the industry's markets being highly diversified, it has benefited from the growing number of Australian businesses. These businesses are also increasingly outsourcing their activities, which has supported demand for outsourced procurement services.
An overall increase in business confidence has backed growth in procurement activities and volumes. Some of these activities are outsourced to the industry, benefiting industry revenue... purchase to read more
Industry Report - Industry Products Chapter
Industry operators provide third-party procurement services that tend to be concentrated around negotiation with suppliers on behalf of clients and the planning of supply chain logistics.
Inputs to production and categories of goods used in a client's core business are part of direct procurement. The exact nature of the goods and services classed in this product segment depends on clients' business models. Direct procurement is less established as a service as there has traditionally been enough scale within companies to make in-house procurement teams for direct procurement economic... purchase to read more