Strategic sourcing application includes an integrated suite of solutions enabling organizations to perform strategic planning and analysis of their spend profiles, improve supplier relationship and track their performance to minimize risks. It enables organizations to proactively take intelligent procurement decisions in alignment with their business needs with reduced total cost of ownership (TCO). Strategic sourcing helps organizations to visualize and optimize their spends across different categories, improve visibility into suppliers’ pricing structure, and assist in supplier selection process to improve operational efficiency and reduce costs. Strategic sourcing application optimizes the strategic procurement process, including procurement planning, supplier assessment, supplier relationship and risk management, and supplier performance management. It enables procurement professionals to perform various sourcing functions, including defining business requirements, supplier discovery and management, online negotiation, and managing contracts with various suppliers.
The global Strategic Sourcing Application research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market in various geographical regions and the overall market adoption. This research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
Quadrant Knowledge Solutions Strategic Sourcing Application market research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading vendors with a global impact. The positioning is based on the vendors’ performance in various performance parameters on the categories of Technology Excellence and Customer Impact. The Strategic Sourcing Application SPARK Matrix includes analysis of the leading vendors, including Coupa, Determine, GEP, Icertis, Ivalua, JAGGAER, SAP Ariba, Scout RFP (Workday), Synertrade, VORTAL, Xeeva, and Zycus.
Table of Contents
- Key Research Findings
Market Overview and Trends
Market Adoption Trends
Regional Trends and Forecasts
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Strategic Sourcing Application Market
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