What is a Procurement Service Provider?
The State of Massachusetts has defined Procurement as “the process to obtain materials, supplies, contracts at the best price reasonably available through open and fair competition.” The use of Procurement Service Providers is rapidly increasing due to global market conditions and the need for businesses to maintain and reduce costs without eliminating resources. Many world-class organizations have already contracted with PSP’s and estimates show that nearly half of U.S. companies are considering using PSP’s in the next five years. Please read the information below to learn more abut Procurement Services Providers.
