Procurement management software is a computer program that automates materials purchasing and maintaining inventory. It essentially does several jobs at once while maintaining accuracy in all. Just a few of its responsibilities include generating purchase orders, implementing the process of ordering, matching invoices to delivered materials, and making payment for the bills electronically.
Procurement management software can help automate the entire requisition and procurement process, compare proposals, track vendor performance, reduce un-managed spend, gain real-time visibility and control, and deliver a strong, demonstrable ROI across your entire organization. When integrated with your ERP solution, your organization’s purchasing data is transmitted quickly, and is instantly available on financial and operational reports.
In 2018, the global Procurement Management Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Procurement Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Procurement Management Software development in United States, Europe and China.
The key players covered in this study
Empronc Solutions Pvt
MercuryGate International Inc
Agilyx New Zealand
Market segment by Type, the product can be split into
Market segment by Application, split into
Large Companies and Multinational Enterprises
Small and Medium-sized Companies
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Procurement Management Software status, future forecast, growth opportunity, key market and key players.
To present the Procurement Management Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Procurement Management Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.