The need for better visibility via centralization in sourcing and procurement within an organization has pushed the market to an unprecedented heights. According to a report by Grand View Research, the global retail sourcing and procurement market is expected to reach $2.74 billion by 2025. Artificial Intelligence, cloud computing,and IoT and their implementation across retail

procurement processes will be another booster to the procurement industry. While global sourcing market in India will continue to outshine at higher pace compared to the IT-BPM industry, the country will remain one of the top sourcing destinations and lead the economic transformation in the coming times.

However, risk, sustainability, globalization, transparency, innovation, collaboration and new age technologies will play a pivotal role in further paving new roads for the sourcing industry, asking sourcing managers to take up new challenges and outshine in every sphere he can to do fixate their organization’s brands to great heights while deciding on the new roles for the procurement team altogether.

Understanding the need of the hour, siliconindia magazine brings to you ‘10 Most Promising Sourcing Service Providers’ who have all the required elements to help your organization outsource the procurement and sourcing task to them and just focus on your core competencies.
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