Top 10 Procurement Services Companies - 2022

According to the global news wire, the procurement industry is expected to reach a staggering $13.9 billion in 2030 from $6.6 billion in 2022, at a CAGR of 9.8 percent. This growth stems from increasing demand from enterprises to streamline procurement processes and the positive impact of the evolution of business process outsourcing (BPO) on procurement outsourcing.

As the procurement industry keeps growing and shifting to a central figure in the value chain, they also feel more pressure to drive multidimensional value, bringing in new challenges, strategies, projects, and ways of working. With these new strategies and ideas, the industry is redesigning itself with digital transformation trends like touchless payments, AI, and more.

One of the benefits of digital transformation is the availability of selfservice portals, improving the user experience and speeding up business processes as dependencies on other people are eliminated. The portals allow organizations to lower costs and improve efficiency by providing personal and effective purchasing experiences, avoiding human errors.

To put the spotlight on such key developments in the industry, CIOReview illustrates how the procurement space is leveraging the amalgamation of various technologies to execute procurement strategies. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Jaime Robles, VP of Procurement and Sourcing at Casey’s; Phil Morgan, Sr. Director, Head of Global Strategic Sourcing and Procurement Operations at Electronic Arts; and Guilda Javaheri, CTO of GSF.

In this edition of CIOReview, we also bring to you the story of the most promising procurement solution providers. In the list, XPROfintech stands out for its cost-effective cloud-based solution for automating the relationship between the buyer and the supplier, from onboarding and verifying suppliers to generating revenue and making payments. We also bring to you the story of Flueed ACQ Global, using cutting-edge proprietary procurement processes, and Green Mountain Technology, bringing innovation and technology to help large companies manage their Parcel and LTL spends. John Alexander Consulting tells the story of designing, procuring, and implementing the ideal telecom solution, and Sysoft Corporation specializes in data-driven analytics for procurement, contract monitoring, and more.

Through the following pages, we aim to shine a light on the innovative trends and latest developments in the procurement industry. We would like to know your thoughts.

    Top Procurement Services Companies

  • 1

    Flueed ACQ Global is a specialist in procuring fixed assets, including heavy industrial equipment and more, on behalf of clients. The company ensures these get to those who need them: on time and under budget and above all, that the procured assets have a long shelf life.

  • 2

    John Alexander Consulting is a carrier and cloud-neutral telecommunications consulting and procurement firm representing over 300 global providers in designing, procuring, and implementing ideal solutions for its client's environment.

  • 3

    Corcentric

    Corcentric

    Corcentric is a global provider of software and services for business spend management and revenue management to mid-market and Fortune 500 companies. Corcentric provides software, advisory services, and payments with a focus on cost reduction, working capital optimization, and revenue generation

  • 4

    Efficio

    Efficio

    Efficio is the largest procurement and supply chain consulting firm in the world. They employ a technology-driven strategy to assist organizations decrease costs, optimize their supply chains, develop and implement digital procurement strategies, and upskill procurement teams

  • 5

    GEP

    GEP

    GEP provides disruptive supply chain solutions that assist global organizations in becoming more flexible and resilient, operating more efficiently and effectively, gaining a competitive advantage, increasing profitability, and maximizing shareholder value

  • 6

    Impendi Analytics

    Impendi Analytics

    Impendi Analytics is a Strategic Sourcing and Execution Firm. Founded by former partners of one of the world's top Big Data companies, their mission is to help their customers level the playing field between skilled vendors and under-resourced procurement teams

  • 7

    NPI

    NPI

    NPI is a provider of IT procurement advice services that assists businesses in identifying and eliminating IT buy expenditures. Their transaction-level pricing benchmark analysis, license and subscription optimization guidance, vendor-specific negotiation intelligence, and software audit defense services help IT purchasing teams to realize substantial cost reductions

  • 8

    Point One International

    Point One International

    Point One International believes that business has no geographical boundaries. Depending on the foreign demands, their two divisions, North America Market Entry and International Sourcing, offer comprehensive services to help to flourish abroad

  • 9

    ProcureAbility

    ProcureAbility

    ProcureAbility has collaborated with some of the most inventive procurement teams for over 25 years to build bespoke, scalable, and results-based procurement solutions. Their exclusive delivery methodology, cutting-edge methodologies, and access to decoupled resources are adaptable and customized

  • 10

    Proxima Group

    Proxima Group

    Proxima Group is the leading procurement and supply chain consulting firm in the world. They collaborate with some of the world's largest and most successful corporations to assist them in spending their money wisely and implementing profitable change