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

eSourcing will become crucial for organisations 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 organisation achieve a 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 organisation deliver a 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.

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