Accenture has announced an agreement to acquire Insight Sourcing, a provider of strategic sourcing services.

Insight Sourcing will expand Accenture's procurement services for private equity firms and the consumer goods, retail, technology and industrial sectors.

Insight Sourcing helps clients optimize costs when sourcing and negotiating contracts for direct materials (e.g. metals, electronics, food ingredients, chemicals...), indirect materials (e.g. logistics, packaging, IT...), services related to capital expenditure. (e.g. construction, facilities equipment) and energy supply management.

Insight Sourcing will add around 220 sourcing consultants to Accenture's Sourcing & Procurement practice within its Supply Chain & Operations function.

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