That’s right Boy Wonder. Third party procurement is gaining traction.

If the constant push to enhance productivity wasn’t enough, recent market events will have businesses looking harder than ever to do more with less. While 3PP (3rd party procurement) has established itself as a sound option to reduce tactical/administrative spends, the move to expand the scope of 3PP partnerships has begun. Perhaps the best statement of this trend is the growth of 3PP teams within industry leaders IBM, Accenture and Ariba. As is the case in today’s rapidly evolving business climate, those firms that move first and best will gain competitive advantage. What was once seen as a risky strategy is now presenting itself as the sensible alternative to less efficient internal processes.