Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Procurement BPO Still A Relative Newcomer

  • 12 November, 2007 14:37

<p>NORTH SYDNEY, 12th November, 2007</p>
<p>IDC's most recent analysis of the BPO market in Australia finds the adoption of Procurement BPO still discrete in nature and will remain so over the next couple of years.</p>
<p>"Although IDC has observed a strong interest in outsourcing procurement activities especially within the sourcing sub-segment segment it is primarily within the 500+ employee companies. Even within this market segment, there are still small scale engagements and the overriding driver remains cost management. IDC estimates that the Australian procurement business services market to increase at a four-year compound annual growth rate (CAGR) of 18% to approximately A$534 million by 2011," says Aprajita Sharma Research Manager Outsourcing and BPO services.</p>
<p>"The market is not ready for comprehensive procurement BPO. However it is still important to consider the smaller scale engagements - as BPO deals increase over time in scope and complexity, these smaller engagements allow firms to gain a foothold within the marketplace. It is also critical to identify relevant trigger events for procurement BPO adoption – eg. F&amp;A outsourcing could be a lead-in for procurement BPO as some large customers look at cross-functional integration of the accounts payables and accounts receivables," she added.</p>
<p>IDC's analysis is an annual update the company's four-year forecast for the Australian procurement business process outsourcing (BPO) services market. The purpose of this study is to identify and quantify the market opportunity for service providers and to present recommended strategies for them to take advantage of these opportunities.</p>
<p>Some other key highlights of the report are:</p>
<p># The document reviews key demand and supply trends influencing the market trends and opportunities
# It discusses the future impact of key adoption patterns on the Procurement BPO market in Australia</p>
<p>****************************************************************</p>
<p>IDC research:
http://www.idc.com/getdoc.jsp?containerId=AU22310SP</p>
<p>If you would like further information or to purchase IDC research, please contact Gary Clarke, IDC Associate VP of Sales via email gclarke@idc.com or phone 02 9925 2226.</p>
<p>****************************************************************</p>
<p>For press enquiries please contact:
Aprajita Sharma
Research Manager, Outsourcing and BPO
Phone: 61 2 9925 2257
Email: asharma@idc.com</p>
<p>****************************************************************</p>

Most Popular

Brand Post

Shining a light on creativity

MSI has long pushed the boundaries of invention with its ever-evolving range of laptops but it has now pulled off a world first with the new MSI Creative 17.

Most Popular Reviews

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?