Procurement Data with Advanced Analytics and Reporting : AI for Smarter Procurement
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"Procurement Software Market" Research Report 2020-2030?| Provides a thorough Overview of the market's main Component?By Deployment (On-Cloud and On-Premise), By Software Type (Spend Analysis, E-Sourcing, E-Procurement, Contract Management, Supplier Management and others), By Organization Size (Small & Medium Enterprise and Large Enterprises), By Vertical (Retail, Automotive, Travel & Logistics, Electronics, IT & Telecommunication, Mining and others) - Forecast till 2030?are presented in our report's?135?Pages and Tables. The market is anticipated to expand at a magnificent Compound Annual Growth Rate (CAGR) during the forecast period.
Browse Detailed TOC, Tables and Figures with Charts that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Who is the largest manufacturers of?Procurement Software Market?worldwide?
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Short Description About?Procurement Software Market:
Global Procurement Software Market is expected to reach 14.10 billion with a 10.1% CAGR over the forecast period (2020-2030),?according to Market Research Future (MRFR) in its latest report. Procurement software lets companies purchase a set of goods and manage their inventory digitally. Automation of certain tasks
The Procurement Software Market research report examines the global market for software that helps businesses manage their procurement processes. Procurement software plays a crucial role in streamlining the purchasing activities of companies by automating tasks such as supplier management, purchase order creation, and invoice processing. The report provides valuable insights into the current trends, market size, and key players in the procurement software industry.
One important aspect highlighted in the research is the growing adoption of cloud-based procurement solutions
Additionally, the research report explores the competitive landscape of the procurement software market, identifying key vendors and their market share. It discusses the strategies adopted by these companies to stay competitive, such as product innovation, partnerships, and mergers and acquisitions. The report serves as a valuable resource for businesses looking to understand the procurement software landscape, make informed decisions, and stay ahead in the rapidly evolving market.
Which region is leading the global market and what the reasons behind its dominance?
The procurement software market in North America is the largest, on account of the presence of key market players such as IBM Corporation, Oracle Corporation, and Coupa Software Incorporated. Moreover, developed infrastructure and rising demand for centralized procurement process in the region is further expected to propel the growth of procurement software market in North America shortly.
What are some of the emerging trends noted in the market?
Adoption of blockchain and AI in procurement
?Which regions are leading the Procurement Software Market?
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Procurement Software Market - Covid-19 Impact and Recovery Analysis:
The COVID-19 pandemic has severely disrupted the logistics and supply chain of major companies with goods exceeding their expiration data and rising costs of transportation. Lockdowns initiated by governments have resulted in losses for the company with warehouses becoming overcrowded. Procurement software can assist companies in identifying goods with the highest liabilities and accorded with preventive measures.
The shift to a digital mode of procurement can lead to adherence to quarantine rules and tracking goods received note (GRN) and invoice reference number (IRN). This can ensure productivity during lockdown period by managers. Automation of procurement payment process can drive the sales of procurement software over the forecast period. E-procurement technology can enable organizations for contacting suppliers of their choice and communicate in real-time for their sourcing needs. The technology will see greater adoption rates even after the pandemic as buyers look to strengthen their?supply chains?and reduce risks.
?Detailed TOC of Global Intelligent Document Processing Market Research Report, 2020-2030
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.2 Consolidation Of Supply Chain Management (SCM)
5.2.3 Drivers Impact Analysis
5.3 Challenges
5.3.1 Lack Of Skilled Professionals
5.4 Opportunities
5.4.1 Growth In Mobile Procurement Applications
6 Market Factor Analysis
6.1 Value Chain Analysis
6.1.1 Designers And Programmers
6.1.2 Solution Developers
6.1.3 System Integrators
6.1.4 End User
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6.2 Porter’s Five Forces Model
6.2.1 Threat Of New Entrants
6.2.2 Bargaining Power Of Suppliers
6.2.3 Bargaining Power Of Buyers
6.2.4 Threat Of Substitutes
6.2.5 Intensity Of Rivalry
7 Market Alerts
7.1 Emerging Trends And Impact Analysis
7.1.1 Blockchain In Procurement And Supply Chain Process
7.1.2 Artificial Intelligence Impacts Procurement Supply
7.1.3 E-Procurement And Its Impact On Supply Chain
7.2 Use Cases & Best Practices
7.2.1 Use Cases
7.2.1.1 Overview
7.2.1.1.1 Review Reporting
7.2.1.1.2 Tail Spend Management
7.2.2 Best Practices
7.2.2.1 Overview
7.2.2.1.1 Dansk Supermarked Group To Roll Out Coupa’s Source-To-Pay Solutions
7.2.2.1.2 Oracle Partnered With FlairMarkIT To Tackle Complications Of Tail Spend Management
8 Global Procurement Software Market, By Deployment
8.1 On-Cloud
8.2 On-Premise
9 Global Procurement Software Market, By Software Type
9.1 Spend Analysis
9.2 E-Sourcing
9.3 E-Procurement
9.4 Contract Management
9.5 Supplier Management
9.6 Others
10 Global Procurement Software Market, By Organization Size
10.1 Small And Medium Enterprise
10.2 Large Enterprises
Continued...
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