Report cover image

Procurement Applications 3.0

Publisher IDC
Published Sep 24, 2024
Length 7 Pages
SKU # IDC19199179

Description

Procurement Applications 3.0


This IDC Market Note discusses procurement applications 3.0. The evolution of procurement applications is marked by three significant waves, transitioning from unified spend management suites to SaaS solutions and best-of-breed point applications and finally to the current focus on automation, democratization, and workflow-centric solutions. This progression reflects the changing needs of businesses and technological advancements, emphasizing the importance of intelligent decision support tools, customizable workflows, and predictive analytics. The third wave, characterized by its emphasis on efficiency, adaptability, and strategic value, represents a fundamental shift in procurement's role within organizations, highlighting its potential to drive competitive advantage and organizational success in an ever-evolving marketplace.

Table of Contents

7 Pages

Executive Snapshot

In This Market Note

IDC's Point of View

First Wave: Unified Spend Management Suites

Second Wave: SaaS Solutions and Best-of-Breed Point Applications

Current Wave: Automation, Democratization, and Workflow-Centric Applications

Informed, Intelligent Decision Support Tools

Migration from Transactions to Workflows

Predictive Spend Management Solutions

Evolving Pricing Models

Democratization of Procurement

Summary

Learn More

Synopsis

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us