DUBLIN–(BUSINESS WIRE)–The “Global Procurement Software Market – Procurement Intelligence Report” report has been added to ResearchAndMarkets.com’s offering.
Global Procurement Software Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Procurement software refers to a computer program that automates the purchasing process of an organization and assists in maintaining the inventory of goods. The spend momentum of this market will be attributed to the increase in the adoption of customized procurement software solutions by buyers from the manufacturing, FMCG, BFSI, and IT industries in the US.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Procurement Software Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
According to the report, one of the key growth contributors for the global procurement software market is the increasing demand for customized procurement software solutions. One of the procurement best practices for buyers is to ensure the compatibility of the software with legacy systems.
Further, the report states that one of the key category management strategies for the buyers in the global procurement software market is to negotiate with service providers on contract terms such as annual fees and software upgrades.
- Growing demand from organizations to automate their procurement processes
Category management strategy
- Engage with service providers that can implement RPA solutions
Procurement best practices
- Participation of technical experts in the selection and implementation of software
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
- Global category spend
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- Regional influence on global spend
- Regional spend opportunity for suppliers
PART 03: CATEGORY PRICING INSIGHTS
- Pricing outlook
- Supplier cost structure
- Outlook for input costs
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
- Cost drivers: Impact on pricing
- Volume drivers: Impact on pricing
PART 04: COST-SAVING OPPORTUNITIES
- Supplier-side levers
- Buyer-side levers
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
PART 05: BEST PRACTICES
- Innovation and success stories
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
- Sustainability best practices
PART 06: CATEGORY ECOSYSTEM
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Buyer power
- Supplier power
- Threat of new entrants
- Threat of substitutes
- Buyer ecosystem
- Supplier ecosystem
PART 07: CATEGORY MANAGEMENT STRATEGY
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
PART 08: CATEGORY MANAGEMENT ENABLERS
- Procurement organization
- Category enablers
PART 09: SUPPLIERS SELECTION
- RFx essentials
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
PART 10: SUPPLIERS UNDER COVERAGE
- Supplier positioning
- Profile: SAP SE
- Profile: Oracle Corp.
- Profile: Coupa Software Inc.
- Profile: GEP
- Profile: Basware Corp.
- Profile: JAGGAER
PART 11: US MARKET INSIGHTS
- Category spend in the US
- Pricing outlook
- Supplier cost structure in the US
- Margins of suppliers in the US
- Category cost drivers
- Category volume drivers
- Overview of best practices in the US
- Procurement best practices in the US
- US supply market overview
- Supplier positioning for the US
Regional category risks
For more information about this report visit https://www.researchandmarkets.com/r/gnscb0