Procurement Services Providers (PSPs) are organizations that specialize in the acquisition of goods and services for their clients. They provide an array of services, such as sourcing, negotiating, and purchasing, as well as consulting and support services. PSPs are an invaluable resource for businesses of all sizes, as they can help to reduce costs, increase efficiency, and streamline the procurement process. PSPs are typically hired on a contractual basis, and they provide a wide range of services, including strategic sourcing, contract management, supplier selection, and supplier relationship management. PSPs are also responsible for managing the entire procurement process, from identifying the best suppliers to negotiating contracts and managing the entire supply chain. By leveraging their expertise and experience, PSPs can help businesses save time and money, while ensuring that they are getting the best possible value for their money.