Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry has enjoyed buoyant conditions over the past five years. Industry revenue is expected to grow at an annualised 10.2% over the period to reach $135.9 million in 2014-15. The industry has benefited from the growing number of Australian businesses, as its markets are highly diversified. These businesses have also been increasingly outsourcing their activities, which has supported demand for outsourced procurement services.
Broadly positive business confidence levels over the period have contributed to growth in procurement activities and volumes. The industry outsources some of these activities, which benefits 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