ENABLING SMART PROCUREMENT

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

Global Procurement Software Category - Procurement Market Intelligence Report

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SpendEdge’s procurement research report on the global procurement software market is an all-inclusive guide enabling sourcing and procurement leaders 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: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

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

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • SAP
  • Oracle
  • IBM
  • Coupa
  • GEP

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

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

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • SAP
  • Oracle
  • IBM
  • Coupa
  • GEP

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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