Procurement outsourcing is growing in all directions: ACV, number of deals,and extensions/renewals have all risen over the past several years
Though Manufacturing still leads uptake of procurement outsourcing services, Financial Services & Travel & Logistics have increased uptake
While organizations that leverage procurement outsourcing realize 5-10% savings on their outsourced procurement spend, spend creep and limited integration with up- and downstream processes results in savings leakage
Enterprises are working to capture additional value from procurement outsourcing contracts
Procurement outsourcing is expanding beyond traditional geographic boundaries
Procurement outsourcing is experiencing a global population explosion as FTE counts grew 35% in a single year
End-to-end procurement process outsourcing contract shares have tripled in recent years as buyers seek maximum value creation from their outsourcing efforts
Accenture and IBM continue to dominate the PO market, particularly following Accenture’s acquisition of Procurian
