There is a very good new analyst benchmark report now available which is titled “On Demand Supply Management: Supply Management as a Service”. This has been a huge topic on ESF and other blogs throughout the spring and will be a huge topic for some time to come. Aberdeen includes Sourcing, Procurement, Contract Management, Spend Analysis, Invoice Reconciliation & Payment, Catalog Management and Supplier Enablement as parts of SMaaS. To receive a free copy of the report, please request it here.
Among some of the findings include:
- 28% of respondents currently have sourcing functionality through a SMaaS model; 20% have budgeted for SMaaS sourcing functionality and almost 40% plan to consider it.
- Over 60% of CPOs, SVPs/VPs of Supply Chain and Purchasing are supporters of on-demand supply management.
- 57% of respondents feel the ROI of on-demand supply management tools is better than traditional installed – behind the firewall applications.
Over the next few weeks, we will be outlining some of the findings in detail as it relates to the Supply/Spend Management industry and functionality.