Offshore/Nearshore on the Rise in European PO | Market Insights™
February 6, 2015
Offshore/nearshore contracts on the rise in European procurement outsourcing (PO)
Offshore/nearshore contracts on the rise in European procurement outsourcing (PO)
Procurement outsourcing in Europe: Onshore, nearshore, offshore in the mix:
Contract renewals have significant role in Europe PO market; 42% of contracts up for renewal in the next three years
P2P delivery is offshore-centric, with half offshore, 30% nearshore, and the remainder onshore
P2P delivery: Global footprint dominated by India
P2P process and business performance measures: processing time, productivity, spend control, payment timeliness
57% have adopted a GPO model for their P2P; however, the majority are still in the nascent stage
While the majority of organizations have a standardized P2P process, most also have significant variations by geography and/or BU
Technology has significant impact on procurement processes
The majority of organizations have no plans to implement an end-to-end ownership structure going forward due to divergent business objectives of the two functions
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