Digital business is requiring sourcing and vendor management leaders to be more innovative and agile. Application leaders for procurement need to ensure that sourcing and procurement solutions are configured to support the increased speed and flexibility of exploratory sourcing initiatives.
- Use SBM Solutions to Qualify Expected and Potential Suppliers
- Use CLM Solutions to Improve the Contracting Process
- Allow Business Users Direct Access to Run Requests for Quotation (RFQs) and Negotiate SOWS With Preapproved Suppliers
Gartner Recommended Reading
©2020 Gartner, Inc. and/or its affiliates.
All rights reserved.
Gartner is a registered trademark of Gartner, Inc. and its affiliates.
This publication may not be reproduced or distributed in any form without Gartner’s prior written permission.
It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact.
While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information.
Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such.
Your access and use of this publication are governed by Gartner’s Usage Policy.
Gartner prides itself on its reputation for independence and objectivity.
Its research is produced independently by its research organization without input or influence from any third party.
For further information, see
Guiding Principles on Independence and Objectivity.