I'm incredibly excited to announce that Corbus has signed up as Spend Matters' fourth Lead Sponsor. For those who don't know Corbus, they are a rapidly growing procurement outsourcing provider, but one with a significant twist. And that's the fact that they don't just specialize in indirect procurement outsourcing -- which they have a sizable practice in -- but also direct materials procurement outsourcing, a nascent but potentially huge opportunity in the broader Spend Management market. As I wrote about on Friday, I believe the direct materials procurement outsourcing market has tremendous potential, yet it's a wide open Blue Ocean opportunity without a significant number of players. In the coming weeks and months at Spend Matters, I look forward to continuing to cover the procurement outsourcing market and the types of value that providers like Corbus can deliver to manufacturers and services companies alike. I reckon that in an increasingly tough economic environment, procurement outsourcing adoption will accelerate, especially as companies look to move from fixed to variable cost structures and to lock-in cost savings while minimizing implementation risk.
- Jason Busch