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

Most Popular Reviews

Join the newsletter!

Or
Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?