Procurement Outsourcing Services

Overview

Coming out on top: Growing awareness of the benefits of outsourcing is boosting revenue

IBISWorld’s Procurement Outsourcing Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

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, such as processing purchase orders, to sourcing and maintaining relationships with suppliers. Many companies use industry 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 compared with industry players. Downstream markets, which range from large manufacturers and government agencies to small retailers, also hire procurement outsourcers for direct procurement, which involves purchasing key inputs for production process.

Industry revenue is expected to grow at an annualised 8.1%...

shopping_cartBUY NOW TO READ MORE

What is the Procurement Outsourcing Services industry?

The industry's barriers to entry are moderate and the trend is expected to be steady. The industry is largely self-regulated, which means that compliance-related barriers to entry are low. However, other barriers to entry are considerable and relate to the need for industry participants to establish credibility with clients. For example, potential new entrants must attract appropriately qualified staff, often with niche knowledge relating to the major markets an enterprise hopes to target.

Connections to international networks for procurement are also critical as the supply chains of Australian companies have become increasingly globalised. Potential new entrants must develop an understanding of overseas and domestic regulations surrounding imports and exports. Est...

shopping_cartBUY NOW TO READ MORE

Additional Insights for the Procurement Outsourcing Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Procurement Outsourcing Services Industry are

  • Undertaking technical research and development
  • Highly trained workforce
  • Ability to accommodate environmental requirements

    • IBISWorld analysts also discuss how external factors such as Business confidence index and Number of businesses in the Procurement Outsourcing Services industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Download Sample

    Top 500 Companies List
    has been released

    Click here for more

    Products & Brands

    Major products in this industry
    Transactional services
    Strategic services
    Supplier management
    Analytics and other services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Number of businesses
  • Capital expenditure by the private sector
  • IT and telecommunications adoption
  • Total business profit

    • Current Performance
  • Industry characteristics
  • Demand drivers
  • Participation and profit
  • Chart: Revenue Growth

    • Industry Outlook
  • Demand outlook
  • Increasing complexity
  • Challenges
  • Table: Procurement Outsourcing Services Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Procurement Outsourcing Services Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Clothing Retailing
  • Consumer Goods Retailing

    • Key Selling Industries
  • Computer and Electronic Office Equipment Manufacturing
  • Computer and Software Retailing
  • Office Property Operators

    • Products & Services
  • Transactional services
  • Strategic services
  • Supplier management
  • Analytics and other services
  • Chart: Procurement Outsourcing Services Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Large firms
  • Small to medium-size businesses
  • Chart: Major Market Segmentation for the Procurement Outsourcing Services Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Procurement Outsourcing Services

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Procurement Outsourcing Services Industry

    • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Procurement Outsourcing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Procurement Outsourcing Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Direct Procurement
  • Goods and services used in the creation of goods or services purchased by a business's clients.
    • Indirect Procurement
  • Goods and services bought for the internal use of a business but not directly used in the creation of goods or services purchased by the business's clients.
    • Outsourcing
  • The contracting out of a business process to an independent third party.

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Procurement Outsourcing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Procurement Outsourcing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Procurement Outsourcing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Become a Member shopping_cartBuy this report

    Contact Us

    Want to speak to a representative? Call us.

    phone +61 3 9655 3800    OR     Enquire Here
    clear