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‘Deliver competitive advantage by investing in eSourcing’ – our take on Gartner report

It takes time to pick the right eSourcing solution that works for your organization and this guide by leading analysts Gartner will help you make the right choice.

eSourcing will become crucial for organizations seeking competitive advantage beyond 2021 according to our interpretation of the ‘2020 Market Guide for E-Sourcing Applications’ report from Gartner. The document is available to download here.

Cash-strapped business leaders over the next five years will increase their investment in business-critical software applications, such as eSourcing to improve their ability to survive future economic downturns. The turn to cost-saving measures is a result of COVID-19 according to our understanding of the Gartner report.

In addition, we believe the analysis provides other useful insight, including:

  • A detailed breakdown of the eSourcing market and the major hallmarks of leading solutions
  • Analysis of emerging features in eSourcing applications
  • Industry assessment of sectors where the technology is deployed along with key statistics
  • Detailed overview of solutions in the marketplace, including mention of Medius Sourcing

Medius Sourcing is an eSourcing solution, provided by Medius, a global provider of spend management solutions. Gartner’s analysts have produced a section of the report that details its key components at a glance. We’d recommend you’d take the time to read it, to understand why Medius Sourcing can help your organization achieve competitive advantage.

AI is an extremely important part of the Medius software suite, with Medius Sourcing no exception. “By 2025, 50% of eSourcing will be automated through AI-based event management capabilities”. As such, AI-driven technology continues to be a priority for our product development teams as we develop our product roadmaps.

To find out more about how eSourcing will help your organization deliver competitive advantage, why AI is a key part of the technology, as well as a detailed understanding of the marketplace click this link.

You can find out more about Medius Sourcing by clicking here.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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