Hype Cycle for Procurement and Sourcing Solutions, 2021 – Gartner
This publication is a valuable resource for procurement professionals who are looking to transform their companies’ sourcing and procurement processes.
According to Gartner, “The procurement and sourcing solution market is fast-moving and expanding. It includes solutions that span the entire source-to-pay (S2P) life cycle. This includes sourcing, contracting, supplier management and procurement, as well as adjacent functions such as contingent labor, accounts payable automation and B2B payments.”*
In this 82-page research report, Gartner evaluates 24 sourcing and procurement applications and provides details about the importance, business impact, drivers, obstacles, and user recommendations for each solution. With its Hype Cycle methodology, the report also shows where each application stands on a timeline to maximum productivity.
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Learn where external workforce procurement fits into Gartner’s Hype Cycle for procurement and sourcing solutions
Read about the business impact external workforce procurement can make and the benefits it offers
Understand Gartner’s recommendations for evaluating the benefits of external workforce management solutions and when to build a business case for investing in a solution
According to Gartner, “External workforce procurement solutions enable enterprise leaders to gain access to a skilled external workforce, improve compliance, optimize sourcing, and mitigate risks of contingent workforce (CW) and statement of work (SOW)-based services projects. These solutions are increasingly prevalent coming out of the pandemic, among shortages of skilled workforce, economic uncertainty and increasing acceptance of remote working.”
“Application leaders modernizing their organization’s procurement and sourcing processes can use this Hype Cycle to understand the maturity and beneﬁts of a range of technologies.”*
To read Gartner’s evaluations and recommendations, download the full report.
* Gartner, Hype Cycle for Procurement and Sourcing Solutions, 10 August 2021, Patrick Connaughton, Kaitlynn Sommers, Micky Keck, William McNeill