The mix of suppliers of Procurement Outsourcing (PO) services is rapidly changing with the emergence of a new value proposition in which suppliers are migrating towards end-to-end offerings, according to an analysis of the PO supplier marketplace by the Everest Research Institute. Driving supplier migration and strategies is an evolving PO value proposition that more closely links procurement and finance processes thereby delivering new efficiencies and offering increased savings opportunities.
The Institute’s Global PO Supplier Landscape Report analyzes a fast-changing supplier base that includes the following analyses: market snapshot and types of offerings, supplier market shares and trends, delivery capability assessment, characteristics of various supplier segments and implications for key stakeholders, including buyers and suppliers. The PO market continues to grow in bursts, with an overall 26 percent CAGR pace and supplier managed, non-core spend reaching almost US$60 billion, according to the Institute.
