Tag: procurement

Procurement Outsourcing (PO) – Services PEAK Matrix® Assessment 2023

Procurement Outsourcing (PO) – Services

Procurement Outsourcing (PO) providers are seen as strategic partners by organizations and are playing a critical role in helping them navigate the challenges posed by macroeconomic uncertainties and inflationary pressures by driving cost reduction and enhancing efficiencies. With the increasing willingness to outsource judgment-intensive strategic procurement processes, service providers are building strong domain expertise and digital transformation capabilities to drive value acceleration for organizations. Service providers are offering a comprehensive procurement digital ecosystem with advanced technology capabilities comprising end-to-end platform solutions, best-of-breed suites, and point solutions by leveraging in-house capabilities, partnership ecosystems, and targeted investments. Leading providers are also investing in developing capabilities and solutions in emerging areas such as sustainability, risk management, and direct spend management.

POS2023 1

S2C2023 

What is in this PEAK Matrix® Report

In this research, we present detailed assessments of 23 PO providers featured on the PO Services PEAK Matrix® Assessment 2023. Each assessment provides a comprehensive picture of the provider’s market success, vision and strategy, service focus and capabilities, digital and technological solutions, domain investments, and buyer feedback to assist buyers in making sourcing decisions. Given the increased extension of PO engagements in upstream procurement areas, we have also assessed 21 of these PO providers on their Source-to-Contract (S2C) capability and featured them on the S2C Services PEAK Matrix Assessment® 2023.
 

This report examines the:

  • PO Services PEAK Matrix® Assessment 2023
  • S2C Services PEAK Matrix® Assessment 2023
  • Key insights into PEAK Matrix® dimensions
  • Strengths and limitations of individual providers
  • Enterprise sourcing considerations
  • Overview of top PO providers across geographies and industries, along with their respective market shares

Scope:

  • All industries and geographies
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading procurement service providers, client reference checks, and an ongoing analysis of the PO services market

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

World Procurement Excellence Summit | Conference

Conference

World procurement excellence summit

September 27, 2023

David Rickard, Partner at Everest Group, will be speaking at the World Procurement Excellence Summit. His will discuss how sourcing teams should adapt to emerging technology trends:

  • The influence of emerging technologies on an organization’s run, operate, and change mandates
  • The impact of emerging technologies at varied adoption stages on sourcing dynamics and strategy
  • How to evolve category strategies to support the technology adoption cycle
  • How to align supplier segmentation and portfolio strategy to the fast-evolving supplier landscape
 
Rickard David
David Rickard
Partner, Everest Group

Building a Collaborative, Agile and Resilient Supply Chain With Data & Analytics | Webinar

WEBINAR

Building a Collaborative, Agile and Resilient Supply Chain With Data & Analytics

April 26, 2023
11:00 AM PST | 11:30 PM IST

Catch Everest Group Partner, Shirley Hung as she joins an expert panel to dive into the latest trends and best practices in digital transformation. The panel will focus on how procurement and supply chain convergence can lead to a more agile and responsive ecosystem.

Shirley Hung
Partner, Everest Group
Alex Zhong
Director, Product Marketing, GEP
Pranav Padgaonkar
Supply Chain and Procurement Consulting Leader, GEP

Procurement Outsourcing (PO) – Service Provider Landscape with Services PEAK Matrix® Assessment 2022

Top Procurement Outsourcing Service Providers

Procurement Outsourcing (PO) engagements are shifting to improving outcomes and covering more judgment-intensive and strategic processes across the Source-to-Pay (S2P) value chain. Providers are helping companies transform their procurement operations and drive the adoption of advanced digital technologies, such as advanced analytics and intelligent automation, by leveraging in-house capabilities, partnership ecosystems, and targeted investments. Providers are also developing capabilities in emerging areas such as Environment, Social, and Governance (ESG) initiatives, risk management, and direct spend management.

DOWNLOAD THE FULL REPORT Procurement Outsourcing (PO) – Service Provider Landscape with Services PEAK Matrix® Assessment 2022

This PEAK Matrix® report covers the following topics:

  • PO Services PEAK Matrix® Assessment 2022
  • Key insights into PEAK Matrix® dimensions
    Strengths and limitations of the service providers evaluated
  • Enterprise sourcing considerations
  • Overview of top PO providers across geographies and industries, along with their respective market shares

In this research, we present detailed assessments of 21 PO service providers featured on the PO Services PEAK Matrix®Assessment 2022. Each assessment provides a comprehensive picture of the provider’s market success, vision and strategy, service focus and capabilities, digital and technological solutions, domain investments, and buyer feedback to assist buyers in making the right sourcing decisions.

Scope:

  • All industries and geographies
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading procurement service providers, client reference checks, and an ongoing analysis of the PO services market

LEARN MORE ABOUT Procurement Outsourcing (PO) – Service Provider Landscape with Services PEAK Matrix® Assessment 2022

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

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