ENABLING SMART PROCUREMENT

Global Procurement Software Category - Procurement Market Intelligence Report

Single User: Allows a single employee of the organization to access the subscribed reports.

  • Published in: Sep 2017
  • Pages: 74
  • SKU: IRCMSTR14542

Global Procurement Software Category - Procurement Market Intelligence Report

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Single User: Allows a single employee of the organization to access the subscribed reports.

SpendEdge’s procurement research report on the global procurement software market is an all-inclusive guide enabling procurement professionals to make smart purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape and an analysis of the supplier capability matrix.

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Procurement Software - Category Spend Analysis

 

According to analysts at SpendEdge, there is a growing demand for the automation of purchasing processes which has been driving the growth of the procurement software market. The various stages in the purchase process of an organization can be automated to reduce errors and manpower. Processes, such as order placing and invoice generation, if automated can reduce management efforts and cost for buyers. Procurement software enables buyers to automate select procurement functions, thereby reducing management's efforts to deal with those activities while simultaneously recording process parameters.

Automation is a major driving factor in the global procurement software market, and suppliers are aiming at providing automated and integrated process controls within the software to cater to buyers' demand, which in turn is driving the demand.

Procurement Software - Procurement Best Practices

 

One of the procurement best practices is to provide proper user training for the operating software. Though most vendors are inclined toward providing simplistic UI, training on how to use software is critical to ensure optimum benefits are reaped from the solution. Buyers must exercise training and skill development campaigns for the software user to reap optimum benefits of the solution

Procurement Software - Procurement Challenges

 

According to this procurement market research report, a major challenge faced by buyers in this category is the time frame required for deploying the custom solution. While the cloud-based services often provide quick deployment, on-premise implementation time frame is a critical concern. Usually, on-premise systems are customized and deploying them onto the client site is usually a time-consuming process. Due to the need for customization, vendors usually develop existing systems that can go obsolete by the time the solution is deployed, thereby forcing buyers to use older technology

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

Read less

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Procurement Software - Category Spend Analysis

 

According to analysts at SpendEdge, there is a growing demand for the automation of purchasing processes which has been driving the growth of the procurement software market. The various stages in the purchase process of an organization can be automated to reduce errors and manpower. Processes, such as order placing and invoice generation, if automated can reduce management efforts and cost for buyers. Procurement software enables buyers to automate select procurement functions, thereby reducing management's efforts to deal with those activities while simultaneously recording process parameters.

Automation is a major driving factor in the global procurement software market, and suppliers are aiming at providing automated and integrated process controls within the software to cater to buyers' demand, which in turn is driving the demand.

Procurement Software - Procurement Best Practices

 

One of the procurement best practices is to provide proper user training for the operating software. Though most vendors are inclined toward providing simplistic UI, training on how to use software is critical to ensure optimum benefits are reaped from the solution. Buyers must exercise training and skill development campaigns for the software user to reap optimum benefits of the solution

Procurement Software - Procurement Challenges

 

According to this procurement market research report, a major challenge faced by buyers in this category is the time frame required for deploying the custom solution. While the cloud-based services often provide quick deployment, on-premise implementation time frame is a critical concern. Usually, on-premise systems are customized and deploying them onto the client site is usually a time-consuming process. Due to the need for customization, vendors usually develop existing systems that can go obsolete by the time the solution is deployed, thereby forcing buyers to use older technology

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • SAP
  • Oracle
  • IBM
  • Coupa
  • GEP

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • SAP
  • Oracle
  • IBM
  • Coupa
  • GEP

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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