Gartner Research

Hype Cycle for Procurement and Sourcing Solutions, 2019

Published: 07 August 2019

ID: G00369483

Analyst(s): Patrick Connaughton, Kaitlynn Sommers, Micky Keck, Magnus Bergfors

Summary

Application leaders modernizing an organization’s sourcing and procurement practices should use this Hype Cycle to understand the maturity and benefits of a wide range of available technologies. This information will help them justify and prioritize operational and strategic solution investments.

Table Of Contents

Analysis

  • What You Need to Know
  • The Hype Cycle
  • The Priority Matrix
  • Off The Hype Cycle
  • On the Rise
    • Autonomous Procurement
    • Category Management Solutions
    • Cognitive Sourcing
    • Blockchain for Procurement
    • Conversational Platforms in Sourcing and Procurement
    • B2B Network Intelligence
    • Source-to-Settle Embedded Analytics
  • At the Peak
    • Freelancer Management Systems
    • Service Governance Solutions
    • Supplier Risk Monitoring
    • Smart Contracts
    • Advanced Contract Analytics
  • Sliding Into the Trough
    • Multienterprise Grid Functionality
    • RPA in Procurement
    • SOW Services Management Solutions
    • Procurement Savings Management Solutions
    • Dynamic Discounting Solutions
    • Mobile Procurement Applications
    • E-Invoicing
  • Climbing the Slope
    • Supplier Information Management
    • Source-to-Settle Solutions
    • Procure-to-Pay Suites
    • Contract Life Cycle Management
  • Appendixes
    • Hype Cycle Phases, Benefit Ratings and Maturity Levels

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