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The Rise of Global Procurement Outsourcing MarketGlobal sourcing is acting as an enabler for procurement outsourcing by providing a means for managing the operational costs--a big deterrent in the past because of up-front investments and functional challengese-Procurement & OutsourcingIncreasing demand for e-Procurement processes has opened up new growth avenues for procurement service providers. A look at emerging e-Procurement outsourcing trends
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Supply Chain and Logistics Outsourcing Set to Grow in 2012In 2012 more companies will explore outsourcing supply chain and logistics requirements, according to a new report.
Procurement Outsourcing Market Promises To Be Stronger Compared To 2010PO market can be considered in the rapid growth phase of the market maturity curve. The multi-process PO market grew 14% in 2010 to reach US$1.3 billion in size. Today PO service providers manage over US$160 billion of spend for various organizations.
Procurement Outsourcing: On the Rise, Flush with DealsProcurement outsourcing is proving its value as a strategic piece of services. The procurement function would entail more complex categories of products and is focused on creating long term, sustainable relationships with global suppliers.Procurement Outsourcing Is Hot Even for Hybrid StrategiesIf you decide to outsource, what should you do internally before outsourcing? How can you implement a hybrid strategy in your procurement process? How can you ensure outcomes create a competitive advantage?
Outsourcing without Compromising Total Involvement and ControlRecent technology and process advancements make it possible to reduce costs but also increase collaboration with suppliers through smarter outsourcing
Special Tools For Addressing Sourcing & Procurement ChallengesThere is significant continued innovation in procurement, as evidenced by new technologies, and ongoing refinements in current offerings and product offering restructuring. Several procurement technologies are becoming mainstream solutions, including strategic sourcing applications, spending analysis and e-procurement. These solutions are appealing to a wide audience because of their proven track record to enable and/or deliver significant cost reduction. Gartner, Hype Cycle for Procurement Applications, 2009, 28 July 2009Addressing Procurement ChallengesThe article discusses the CPO Challenges addressed and differences between ERP and Special Purpose Tools, interspersed with examples of CPO Dashboard and Spend Analysis SolutionProcurement Service Providers- Better Go Get Your ArmorIf you are the CFO or CPO of a mid-market company today, you stand to benefit handsomely from the upcoming smackdown in the PSP market. Heres how to ask for more.The Rise of Global Procurement Outsourcing MarketGlobal sourcing is acting as an enabler for procurement outsourcing by providing a means for managing the operational costs--a big deterrent in the past because of up-front investments and functional challengesProcurement Outsourcing Buyers Opt for Single-process DealsCompanies find multi-process engagements quite complex involving a lot of factors and therefore they are more interested in taking a slower approach to get things right and build out over timeProcurement Outsourcing Providers Moving Toward End-to-End Service Offerings: EverestThough only a few providers--Accenture, IBM, ICG Commerce and Xchanging have, as of now, planned to do so--continue accounting 75 percent of the annual contract value from PO the report states that the trend is catching up fast even among the emerging providersOutsourcing Cost Savings ExaggeratedA survey by TPI found savings from ITO and BPO ranged between 10 to 39 percent, for an average of 15 percent, substantially lower than market claims of reducing costs by as much as 60 percentProcurement BPO to Reach $1.7 Billion by 2010, Says IDCThe study finds that the American region currently hosts the largest share of spending in the global procurement BPO market while the EMEA region stands as second-largest contributor of market spendingOutsourcing Procurement Activities on the Rise EIU ReportThe use of managed procurement services is growing. Most executives surveyed in the report believe procurement outsourcing will be a growing trend in procurement departments in 2006. Behind this trend, they say, is the remorseless pressure to cut costsThe Upside of Offshoring ProcurementProcurement touches every single individual in a company, which means that the change management piece is very big
Eight Best practices for Supply Chain OutsourcingGartner identifies eight best practices in supply chain outsourcing.Procurement Outsourcing: On the Rise, Flush with DealsProcurement outsourcing is proving its value as a strategic piece of services. The procurement function would entail more complex categories of products and is focused on creating long term, sustainable relationships with global suppliers.Procurement Outsourcing Market Witnesses Record Contract Signings and Extensions in 2010PO market expected to grow 15-20 percent this year; Mid-market adoption rebounds; 5 service providers earn 2010 PO Market Star Performers status
Global Report Stirs Debate Over Future of RecruitmentRecruiters have launched a spirited defence of their own recruiting models after a global survey found that outsourcing the recruitment function is continuing to grow in popularity
Part-II: Special Tools For Addressing Sourcing & Procurement ChallengesThe cleaned data can be analyzed by various dimensions, using the Spend Analysis tools, a combination of process accelerators and decision support. The resultant output enables visibility of spend patterns. One may even need to enrich the existing spend data set by adding external values such as data or supplier codes, from external sources, to permit better classification and analysis. For sourcing, the spend view can provide an enhanced understanding of the spend requirement and its patterns. The enhanced spend data reports, amongst others, can thus be used for reviewing or developing and deciding on spend strategiesProcurement Outsourcing Is Maturing but Getting RiskierDeal terms are slowly becoming mature but risks stemming from internal readiness to comply with new policies and inconsistency in measurement of benefits are yet to be tackledOvum: Procurement Outsourcing Market Full of HypeHype reigns in the procurement outsourcing arena, said Ovum Thursday when introducing its new report 'Procurement Outsourcing -- The Next Major BPO Growth Area?Do it Right The First Time ,While Outsourcing ProcurementTraditional procurement outsourcing may have helped organizations reduce costs through labor arbitrage and through access to external sourcing expertise. However there lies a challenge for organizations to realize business value and transform their procurement operations in the absence of a seamless technology layer coupled with integrated Sourcing, Procurement and Account payable processes. Organizations should review, reengineer and remodel both process & technology to ensure sustainable savings.e-Procurement & OutsourcingIncreasing demand for e-Procurement processes has opened up new growth avenues for procurement service providers. A look at emerging e-Procurement outsourcing trendsU.K. Public IT Handicapped by Procurement Process, Say Indian IT SuppliersThe rules make it difficult for Indian firms to win government work, unless they have already worked on public sector projects in the U.K., the firms saidBuying the BestProcurement may not be rocket science, but it still demands constant attention, creative thinking and the application of strategic sourcing policiesLack of Understanding Hampers Procurement BPO Contract NegotiationsNelsonHall says organizations considering outsourcing areas of its indirect procurement should be very clear as to the internal issues that have contributed to this decision. Identifying internal issues would both help an assessment of whether these can be addressed through BPO and also in choosing a service provider with the appropriate capabilities to solve those issuesProcurement Outsourcing Contracts to Double in 2006, Says FAO ResearchImproved financial performance, better process efficiency and access to specialized expertise are the driving factors behind a potential 100% increase throughout this year in the number of FAO contractsProcurement Outsourcing to Reach $380 million in 2006: EverestThe multi-process market currently represents a spend base of US$25 billion.
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