Procurement outsourcing forecast to grow in 2012

Procurement outsourcing is expected to grow by 20 per cent in 2012 as well as expand to other areas of the supply chain such as inventory management and logistics, according to recent research from Everest Group.

In its 2012 Market Predictions report, the company said buyers will expand deals across the supply chain against a backdrop of acquisitions among procurement service providers.

The research said contract sizes will also rise, with chief financial officers increasingly driving discussions on procurement outsourcing. This will lead to more outsourcing deals that bundle finance and accounting together with purchasing.  

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