Gartner Research

Three Ways to Increase Agility and Support Exploratory Sourcing Using Procurement Technology

Published: 09 January 2018

ID: G00346452

Analyst(s): Matt Corsi , Magnus Bergfors

Summary

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.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • 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

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