PO offshoring nearly 70 percent and steadily increasing
Gurgaon, July 7, 2009 ─ Adoption of Procurement Outsourcing (PO) services by financial services firms is expected to regain momentum in the medium to long term as companies leverage a strong value proposition to reduce costs, but deals will be different than in the past, according to [...]
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Annual spending on PO contracts surpassed US $1 billion last year
New Delhi, April 7, 2009 ─ Although the number of new contracts for Procurement Outsourcing (PO) services declined in 2008, strong interest and expansion of existing contracts sustained a 30 percent annual growth rate, according to an Everest Research Institute study of the procurement [...]
PO offerings more closely linking procurement with finance processes
New Delhi, August 28, 2008 ─ The mix of suppliers of Procurement Outsourcing (PO) services is rapidly changing with the emergence of a new value proposition in which suppliers are migrating towards end-to-end offerings, according to an analysis of the PO supplier marketplace by the Everest [...]
Global sourcing and offshoring of procurement outsourcing gaining momentum
DALLAS, April 9, 2008 ─ Outsourcing of procurement functions is on a “see-saw” growth path fueled by an enhanced value proposition and strong movement towards global sourcing and offshoring, according to an Everest Research Institute study of the procurement outsourcing (PO) market.
Companies signed fewer procurement outsourcing [...]
