Hype Cycle for Procurement and Sourcing Solutions, 2022 - Gartner

August 9, 2022

According to this Gartner report, “The procurement and sourcing solutions market is rapidly innovating and maturing. New capabilities are emerging across S2P as sourcing and procurement teams face tremendous pressure to deliver on cost control, maximize efficiency, and mitigate risk during a volatile economic period. As core modules like spend analysis, CLM and P2P mature to mainstream adoption, organizations are deploying a composable strategy focused on innovating with point solutions where crucial impact can be made toward achieving their goals.”*

In this 83-page research report, Gartner evaluates 25 sourcing and procurement applications, including External Workforce Procurement and management systems. The report 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.

This publication is a valuable resource for procurement professionals who are looking to transform their companies’ sourcing and procurement processes.

Use your complimentary access to this research today to:

  • 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 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, automate hiring, improve compliance, optimize sourcing, and mitigate risks of contingent workforce (CW) and SOW-based services projects. These solutions are becoming increasingly important to ensure business continuity despite disruptions due to the COVID-19 pandemic, 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, click here for complimentary access to the research.

* Gartner, Hype Cycle for Procurement and Sourcing Solutions, 1 August 2022, Kaitlynn Sommers, Micky Keck, Patrick Connaughton, Lynne Phelan

Gartner is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.

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