CAPS Study

May 19th, 2006 at 08:11am David Bush - Iasta

In the latest issue of ISM’s magazine: Inside Supply Management, there is an article which reports on some findings by CAPS Research regarding e-procurement usage. Considering the title is - Procurement Use is High, it is a very well adopted solution. Some of the interesting findings include:

• 62% of the 195 respondents reported having and using an e-RFx system, of that number 64% use this technology in an SaaS model.
• In larger companies (Fortune 500), 86% report using an e-RFx system.
• 58% of companies reported using reverse auctions for a total almost 14,000 auctions executed.
• The median spend throughput on auctions was just under $40 million per year.

CAPS plans to keep the data up to date with regular refreshes which is great because it is important to get quality benchmarks on the usage and growing interest in e-Sourcing tools in both the installed and on-demand models.

In addition to this information, I also got an email last week from Aberdeen. They are conducting a survey about spend intelligence which may be of interest to many readers. You can take the survey yourself here.

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Entry Filed under: Analysts/Research, General, Reverse Auctions, Spend Analysis, Technology / SaaS, e-RFx, e-Sourcing Marketplace