Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service, the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services (commonly referred to as Indirect procurement) are typically the most popular outsourced activity.
Indirect categories are all the goods and services that are bought by the company to enable its activity. This entails a wide scope, including marketing related services (media buying, agencies), IT related services (hardware, software), HR related services (recruitment agencies, training), facilities management and office services (Telecoms, furniture, cleaning, catering, printers), or utilities (gas, electricity, water)...etc.
In 2018, the global Indirect Procurement BPO market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Indirect Procurement BPO status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Indirect Procurement BPO development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Marketing Related Services
IT Related Services
HR Related Services
Facilities Management & Office Services
Market segment by Application, split into
CPG & Retail
Energy & Utilities
Hi-Tech & Telecom
Healthcare & Pharma
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Indirect Procurement BPO status, future forecast, growth opportunity, key market and key players.
To present the Indirect Procurement BPO development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Indirect Procurement BPO are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.