The rise of cutting-edge, disruptive technologies is changing the face of procurement.
New Gartner Report Outlines Awesome Procurement Software
A new report from Gartner — “Critical Capabilities for Strategic Sourcing Application Suites” — lays out the essential capabilities of upstream procurement software and how software providers rate against them. And GEP, not surprisingly, is a clear winner.
The report evaluated software vendors across three essential criteria:
- Identifying, negotiating and capturing savings
- Control and compliance
- Supplier collaboration
In the all-important savings category, GEP ranked No. 1, spotlighting the success of its cloud-native GEP SMARTTM digital procurement platform. And in the remaining two categories – Control and Compliance, and Supplier Collaboration – GEP outperformed its most notable rivals by significant margins.
To get the full picture with in-depth analysis and inclusion criteria, you can access this important new Gartner report here.
In its journey of maturity, procurement has gone through dramatic changes, evolving from a tactical function to a digitalized, strategic process.
Today’s supply chain needs to be flexible and agile, capable of responding quickly and positively to sudden changes — and that cannot be achieved t