Procurement Software – 2021

June 29, 2021. MPG actively tracks the fast-developing Procurement Software landscape and has observed several trends and developments:

• The pandemic has affected B2B and B2C supply chains globally. Companies can no longer spend months sourcing suppliers, they need suppliers that can work immediately in order to maintain business continuity and quickly move through contracting
• Demand growth emanates from procurement software’s ability to streamline and optimize supplier-related processes and expenses, adoption has accelerated as companies seek end-to-end supply chain transparency solutions
• North America will increase its global wallet share as rising demand for centralized procurement processes and corporate consolidations drive increased procurement tech spend