Capturing Additional Value from PO Contracts | Market Insights™
April 23, 2014
Enterprises are seeking new ways to capture additional value from PO contracts
Enterprises are seeking new ways to capture additional value from PO contracts
Accenture and IBM continue to dominate the PO market, particularly following Accenture’s acquisition of Procurian
Procurement outsourcing is experiencing a global population explosion with FTE count growing 35% in one year
Though Manufacturing still leads uptake of procurement outsourcing, Financial Services & Travel & Logistics are increasingly adopting it
Savings from tail-end spend management can be significant
The definition of FAO is evolving to include an end-to-end approach, industry-specificity, and integration of contiguous processes/functions
End-to-end procurement process outsourcing contract share triples as buyers seek maximum value creation from their outsourcing efforts
Procurement outsourcing is growing in all directions: ACV, number of deals,and extensions/renewals have all risen over the past several years
Tail-end spend management can drive up to 50% more savings over and above traditional savings
Integrating Learning Services Outsourcing (LSO) and Procurement Outsourcing (PO) can reap significant rewards
© 2011-2021 Everest Global, Inc.