DUBLIN, Dec. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lgrkz6/global) has announced the addition of the "Global Procurement Software Market 2015-2019" report to their offering.
Organizations use advanced sourcing applications to reduce supply chain costs by cutting down expenditure on goods and services, and streamlining procure-to-pay processes. With the evolution of technologies such as smartphones, vendors are learning to exploit reverse actions to counter competitors in the market. Moreover, mobile applications have created new opportunities to capture sourcing opportunities.
The majority of software vendors are developing features after filtering the common qualifiers, thus maintaining a balance with the reverse action. Users are adopting more of these sourcing applications to evaluate suppliers against preset criteria.
According to this report, the global procurement software market is witnessing a significant growth phase, and it is likely to post a CAGR of over 10% by 2019.
According to the report, global expansion has led to distance between customers and vendors, increasing lead-time and resulting in disruption of product delivery. Organizations are facing cultural and language barriers, which are causing delays. Such organizations are willing to adopt software that can improve order fulfillment rates and improve operational efficiency. Therefore, organizations have started using procurement software to help in automating procurement, vendor selection, and order fulfillment.
Further, the report states that the inability of departments to co-operate with each other decreases visibility of operations and leads to poor results.
Key questions answered in the report:
- What are the key factors driving the global procurement market?
- What are the key Market trends?impacting the growth of the global procurement market?
- What are the various opportunities and threats faced by the vendors in the global procurement market?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Key outcome of the five forces analysis on the global procurement market?
- Growth forecast of the global procurement market until 2019?
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
- SAP (Ariba)
For more information visit http://www.researchandmarkets.com/research/lgrkz6/global
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SOURCE Research and Markets