Procurement Outsourcing Services in Australia - Industry Market Research Report

Procurement Outsourcing Services in Australia - Industry Market Research Report

Procurement Outsourcing Services in Australia

Firms in the Procurement Outsourcing Services industry manage part or all of a client's procurement process. These services can range from transactional services, like processing purchase orders, to sourcing and maintaining relationships with suppliers. As many companies don't have much in-house experience or expertise, they use industry services for indirect procurement. A client might also use a procurement company to acquire items or services it considers non-core to its business, like travel management. Downstream markets – ranging from large manufacturers and government agencies to small retailers – also hire procurement outsourcers for direct procurement, which involves purchasing key inputs for production processes.

Industry companies act as a third party, providing procurement services for clients, including direct and indirect procurement. Procurement outsourcing allows client companies to reduce costs, improve efficiency and enhance performance.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.