Product development teams are faced with a myriad of pressures caused by the pervasiveness of technology, increased competition, and new requirements from customers. But at the same time, they are faced with tight budgets and a shortage of talent. Because of these challenges, product engineering teams are increasingly looking to third parties for help. This report provides an overview of the changing product development services (PDS) vendor landscape. It also outlines how sourcing and vendor management (SVM) professionals can help product development stakeholders build successful relationships with product development services providers.