I hope that you have enjoyed the article, “10 Types of Procurement Software, Part I.”
I didn’t realize it, but it had been almost nine years since I had done my last PurchTips exploring the broad procurement software landscape. That was with an article entitled “Spend Management Technology Trends,” and featured some quotes from another procurement blog survivor and colleague of mine, Jason Busch of Spend Matters.
Though I have written articles about different types of individual procurement solutions, such as eProcurement and eSourcing, today’s article was the first to cover the broader procurement technology market. Back in June 2005, there were only about four major subsets of the procurement software market worth covering: eProcurement, eSourcing, Spend Analytics (now more commonly referred to as Spend Analysis), and Supplier Management. Today, in 2014, there are at least the 10 that I’ll be covering in this two part series.
With this view, it is a beautiful thing that innovation continues with a full head of steam in the procurement profession. Ours isn’t the sexiest profession on Earth, but there isn’t a lack of bright-minded tech entrepreneurs giving us better ways to get procurement work done.
Kudos to all of the innovators mentioned in the article!
To Your Career Success,
Charles Dominick, SPSM, SPSM2
President & Chief Procurement Officer – Next Level Purchasing Association
Co-Author – The Procurement Game Plan
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