Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.
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Scope of the Report:
The global Strategic Sourcing Application Suites market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Strategic Sourcing Application Suites.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Strategic Sourcing Application Suites market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Strategic Sourcing Application Suites market by product type and applications/end industries.
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Market Segment by Companies, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Automated Category-Level Classification
Analytics and Decision Support
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Major Point of TOC:
Chapter One: Strategic Sourcing Application Suites Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Strategic Sourcing Application Suites Market Competition, by Players
Chapter Four: Global Strategic Sourcing Application Suites Market Size by Regions
Chapter Five: North America Strategic Sourcing Application Suites Revenue by Countries
Chapter Six: Europe Strategic Sourcing Application Suites Revenue by Countries
Chapter Seven: Asia-Pacific Strategic Sourcing Application Suites Revenue by Countries
Chapter Eight: South America Strategic Sourcing Application Suites Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Strategic Sourcing Application Suites by Countries
Chapter Ten: Global Strategic Sourcing Application Suites Market Segment by Type
Chapter Eleven: Global Strategic Sourcing Application Suites Market Segment by Application
Chapter Twelve: Global Strategic Sourcing Application Suites Market Size Forecast (2019-2024)
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