Industry Analysis & Industry Trends
Firms in the Procurement Outsourcing Services industry manage part or all of a company's procurement process. This can range from transactional services, like processing purchase orders, to sourcing and maintaining relationships with suppliers. Many companies use the industry's services for indirect procurement, to acquire items or services that a company considers non-core to their business, such as travel management, as they have less experience in buying these services than industry players. Downstream markets, which range from large manufacturers, government agencies and small retailers, also hire procurement outsourcers for direct procurement – the purchase of key inputs for their production process... purchase to read more
Industry Report - Industry Products Chapter
Industry operators provide third-party procurement services. These services include both direct and indirect procurement. Inputs to production and goods used in a client's core business are part of direct procurement. These goods are typically purchased frequently. Conversely, indirect procurement includes goods and services ancillary to an enterprise's core business. These include categories like fleet management, utilities, IT services, HR services and travel services. Many of these products and services are purchased infrequently or on an ad hoc basis.
Industry firms provide a variety of services that cover both direct and indirect procurement. These include sourcing products and services, providing transactional support, like issuing purchase orders, and managing suppliers... purchase to read more