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Thursday, December 04, 2008
Thursday, December 04, 2008
Latest Procurement News
Posted: Wednesday, June 11, 2008, 11:41AM
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"Procurement Outsourcing"
Global slowdown could see procurement outsourcing boom
Procurement outsourcing is set to soar as global economic slowdown continues, a new report by NelsonHall has claimed. The specialist business process outsourcing (BPO) analysts predict that the BPO market with reach $450bn by 2012, as businesses increasingly look to offshore outsourcing to minimise costs and take advantage of the growth opportunities available in the emerging markets.
This growth will, NelsonHall claims, be most evident in the financial services and telecommunications sectors as companies begin locating functions such as procurement and finance and accounting services within these emerging economies.
“This underlying strength in the BPO market is being amplified by the current economic slowdown, placing pressure on organizations across all sectors to review their efficiency in mature markets,” the report said.
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