Once viewed as a tactical, back-office function, procurement has evolved into a vital strategic lever for organizational resilience and competitiveness. In a business landscape shaped by ongoing global supply chain disruptions, accelerating digital transformation, and rising stakeholder expectations, procurement is no longer just about acquiring goods and services; it’s a driver of innovation, cost savings, compliance, value creation, and risk mitigation. As companies navigate increasing complexity, many are turning to specialist partners to help manage dynamic market conditions. This shift has fueled a rise in firms offering focused procurement services and deep domain expertise, reinforcing procurement’s position as a critical enabler of business success.
Over the past 30 years, procurement consulting and services have undergone a significant transformation. Models such as managed services and digital procurement emerged in the early 2000s, reshaping how organizations approach procurement operations. According to industry reports, the global procurement services market is expected to experience significant growth in the coming years, driven by increasing demands for agility, data-driven insights, and specialized talent. In this evolving landscape, ProcureAbility has risen to connect strategy, technology, and execution. The company began as a niche provider and has since become a leader in the procurement services space. Today, ProcureAbility offers a comprehensive suite of capabilities tailored specifically to meet the needs of global procurement organizations of all sizes.
Founded in 1996, ProcureAbility began as an advisory firm focused on strategic sourcing and procurement transformation. The company supported a growing base of cross-industry clients seeking to reduce costs and optimize procurement processes and operations. As market needs evolved, so did ProcureAbility, expanding its geographic footprint and broadening its offerings. Today, the firm is a global provider of advisory, managed services, digital solutions, and talent-based services. This strategic evolution mirrors broader industry trends, as organizations increasingly shift from ad hoc consulting engagements to long-term operational support and analytics-driven decision-making.
A pivotal moment in ProcureAbility’s corporate journey came with its acquisition by Jabil Inc., a global manufacturing solutions provider. Announced via a PR Newswire press release on November 1, 2023, the integration was designed to enhance Jabil’s purchasing capabilities while allowing ProcureAbility to continue operating independently as a dedicated procurement services provider. Jabil (NYSE: JBL) is a Fortune 200 enterprise that employs more than 250,000 worldwide and is known for its scale, operational excellence, and technology-driven approach. The acquisition positioned ProcureAbility within a broader enterprise ecosystem, unlocking access to global resources, expanded research capabilities, and advanced technological infrastructure to support its continued growth and innovation in procurement services.
Leadership has played a pivotal role in shaping ProcureAbility’s direction and growth. Over the years, the company has successfully transitioned to a new generation of leadership, with Conrad Snover stepping into the role of CEO and Darshan Deshmukh being appointed as President in 2023. Under their guidance, ProcureAbility has sharpened its focus on combining human expertise with technological innovation, positioning the firm at the intersection of procurement strategy and scalable delivery. This vision reflects the evolving needs of modern procurement organizations and sets the stage for continued impact and growth.
This strategic direction has led to significant industry recognition. In 2024, ProcureAbility was recognized as one of the Financial Times’ Fastest Growing Companies, a prestigious list that showcases companies with high revenue growth in North America. The firm, before its acquisition by Jabil, also earned multiple placements on the Inc. 5000, a well-respected ranking of the fastest-growing private companies in the United States. These accolades not only reflect ProcureAbility’s consistent performance but also underscore the growing demand for specialized procurement solutions across industries, from utilities and energy to financial services and healthcare.
The firm’s growth is also reflected in its continued expansion and diversification of service offerings. In addition to traditional consulting, ProcureAbility delivers managed procurement services to help clients execute operational sourcing activities. This model enables internal procurement teams to concentrate on high-value, strategic activities while outsourcing transactional or overflow tasks to specialized external experts. Staffing and recruitment services are a significant priority, particularly with the shortage of talent in procurement positions.
According to recent industry research, including findings from Descartes Systems Group’s 2024 supply chain talent report, a majority of logistics and supply chain leaders are facing workforce shortages, with 76% reporting significant hiring challenges and 37% describing them as high to extreme. These shortages span critical roles, including procurement specialists, logistics managers, and supply chain analysts, underscoring the urgent need for targeted talent development and recruitment strategies in the sector.
Digital innovation has become a cornerstone of ProcureAbility’s transformation. In recent years, the company has developed technology-driven solutions, including procurement analytics, spend visibility dashboards, and category strategy tools, designed to enhance data-driven decision-making and sourcing performance for clients. These digital capabilities support a broader mission: to empower procurement teams with actionable insights and measurable impact, enabling them to communicate their strategic importance to the business. ProcureAbility has shared insights on these themes in trade publications such as SC Media and PR Newswire, and has influenced the broader industry conversation about procurement’s evolution into a technology-enabled, performance-focused function.
ProcureAbility’s client base has also continued to diversify, reflecting the firm’s growing global presence and industry reach. While initially concentrated in the U.S. marketplace, the company now serves a diverse group of multinational enterprises, including Fortune 500 firms and high-growth global businesses. Its service approach centers on adaptability, with engagement types varying from short-term advisory initiatives to long-term managed services engagements. Though industry-agnostic by design, ProcureAbility has developed specific depth in heavily regulated, asset-intensive markets where procurement strategies are complex and the function plays a critical role in driving enterprise operational performance.
The company’s development is not without context. Broader market trends have increased the strategic relevance of procurement. The COVID-19 pandemic, geopolitical tensions, and inflationary pressures have exposed vulnerabilities in global supply chains. In response to shifting global dynamics, organizations are increasingly prioritizing supplier diversification, risk management, and digital transformation, areas where ProcureAbility has developed deep, targeted capabilities and specialized expertise. This strong alignment with evolving market needs has helped the firm grow while maintaining its specialized focus and client-centric approach.
At its core, ProcureAbility remains true to its founding mission: to help build high-performing, future-ready procurement organizations. While the company’s size, global reach, and service delivery models have evolved dramatically since its founding in 1996, its purpose has remained constant. As organizations increasingly seek end-to-end procurement solutions that combine human expertise with digital insight, companies such as ProcureAbility are no longer seen as occasional consultants; they’re being recognized as strategic partners integral to long-term success.
As of 2025, ProcureAbility continues to operate as an independent brand within the Jabil group of companies, maintaining its leadership team, strategic focus, and service integrity. The firm’s contributions to procurement thought leadership, through whitepapers, sourcing models, and workforce intelligence, are regularly cited by both business and industry media. ProcureAbility’s evolution is not only a testament to its adaptability but also a reflection of a broader transformation in how organizations approach procurement: as a strategic, tech-enabled function that is critical to success in a global, volatile, and hyper-connected economy.
