TECH SUPPLIER Jun 2019 - Market Perspective - Doc # US45128219
Procurement Professionals Continue to Be Challenged by Data
This IDC Market Perspective discusses some learnings on procurement and its buyer concerns.
Time is a precious commodity for every business. Procurement professionals continued to be challenged with analyzing spend and supplier data, using up their precious resource of time. Technology vendors need to see the issues and bring forward solutions to give time back to procurement. This IDC Market Perspective provides 2019 SaaSPath Survey data on this procurement challenge.
"Analyzing both the supplier data and the spend data continues to be the most time-consuming aspect of procurement and a great challenge for procurement teams. Unfortunately, most procurement application vendors are not focused on solving the data challenges for procurement. Its time technology start solving the business challenges," says Mickey North Rizza, VP, Enterprise Applications and Digital Commerce.