target audience: TECH BUYER Publication date: Feb 2023 - Document type: IDC Innovators - Doc Document number: # US50226423
IDC Innovators: Procurement and Supply Chain, 2023
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Abstract
IDC Innovators are emerging vendors with revenue <$100 million that have demonstrated either a groundbreaking business model or an innovative new technology — or both. This IDC Innovators study profiles five emerging sourcing vendors: Cirtuo, Everstream Analytics, LogicSource, ORO Labs, and Suppeco. These vendors leverage advanced analytics and cloud technology and are uniquely focused on a clean, transparent, and intuitive user experience to augment procurement and supply chain operations. IDC reviews innovative companies in the procurement and supply chain spaces that have developed impactful solutions that leverage leading-edge technologies to provide significant value for buyers seeking procurement and supply chain solutions.
"This is a great time to be a buyer of procurement and supply chain applications. New products are continually being introduced, and established providers are investing heavily in innovation. The themes that we see are ease of use, an enhanced user experience, automation, and AI-driven, decision-making tools. These vendors that we profile in this document are tremendous examples of what is possible with today's SaaS solutions." — Patrick Reymann, research director, Enterprise and Procurement Applications, IDC
"Digital innovation that addresses the risks inherent in global supply chains is quickly becoming the new must-have for organizations striving to bring objective and timely insights into the fold to transform their supply chain from a cost center into a competitive advantage. Recent experience has solidified the need to bring analytics intelligence to a global environment that is dynamic, increasingly disrupted, and directly impacts their ability to achieve organizational goals." — Travis Eide, research director, Worldwide Supply Chain: Transportation, Logistics, and Global Trade, IDC