The Global Procurement as a Service Market is expected to reach USD 9 Billion by 2025 at a CAGR of 8.9%. Currently, most of the global industries rely on procurement models which bundles various services such as supply chain management, budget development, distributive management, quality control, and others into one stream. Most of today’s procurement models are implemented with fixed-cost engagements based on long-term procurement processes. This results in reduced efficiency and a concurrent loss in profitability of the enterprise, especially for large businesses as this static model is outdated in today’s dynamic economic landscape.
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