MARCH 20238PANORAMATHE GROWING NEED FOR ENHANCING SOURCING & PROCUREMENTAccording to a recent report, the global procurement as a service market size is anticipated to register a CAGR of 7.3 percent by 2025. The increasing need to reduce the cost associated with procurement operations, and organizing the procurement process for a smooth workflow is anticipated to fuel the procurement market growth, across industries, worldwide. Identifying cost-saving opportunities across spending categories & procurement levers in an organization, assessing the company's procurement functions, data & gaps, and implementing best practices are the various processes involved in Procurement consulting services. As an outsourced procurement model, Procurement as a service uses a mixture of expertise to handle the procurement
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