Business Services Industry
Supply management breakthrough coming? As the technology and application spend increases, supply management professionals are pushing harder for more robust solutions.(TEChNOLOGY)
Supply Chain Management Review, May, 2006 by Rizza, Mickey North
One of the fastest growing segments of the enterprise software market last year was supply management--specifically sourcing and procurement. AMR Research estimates that supply management grew by 25 percent and could show comparable growth in 2006.
Fueling the growth is a need for companies to create new business processes that quickly capture the potential of strategic relationships. Transactional procure-to-pay processes and catalogs are still needed to automate work flow and aid in payment processing. But the greater value will come from technology that is focused on the strategic side of the business. Our research confirms that buyers are seeking out this higher value. In particular, we believe that the 2006 supply management spend will focus on spend...
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