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ProcurementIQ’s Procurement Software Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Procurement Software.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Procurement Software - Recent Price Trend

The price of procurement software has been increasing during the three years to 2018 at an estimated annualized rate of 1.4%. Prices have risen due to increased demand and input costs. However, strong competition from free procurement software has slowed price growth.In the past three years, demand for procurement software has grown in line with the number of businesses, private investment in.

Procurement Software - Total Cost of Ownership

The total cost of ownership for procurement software is moderate. Buyers should expect to pay 50.0% of the benchmark purchase price or more in additional annual costs. Moderate total cost of ownership is often disadvantageous to buyers because it can make it more difficult for them to budget for expenses.The primary additional expenses that buyers must consider are installation, integration,.

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About this Report

This report is intended to assist buyers of procurement software, which helps businesses track the activities of procurement departments. This software is used in every part of the procurement process, from drafting requests and vendor selection to invoicing, payment and receipt verification. Typical buyers in this market include manufacturers, government agencies, healthcare providers and finance and insurance firms. Providers include large vendors and small vendors. Procurement software is also known as procure-to-pay software. This report excludes supply chain management software, inventory management software, enterprise resource planning (ERP) software and source-to-pay software.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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