Summary
Sourcing solutions have been saturating the market over the last couple of decades. With a magnitude of options to choose from, you might be asking yourself, ‘what is the best application for my business?’
In this Gartner® report, analysts discuss how “Sourcing applications help improve inefficiencies attached to traditional, labor-intensive sourcing activities. The automation sourcing applications provide allows for more time to conduct more intensive negotiations to secure improved cost, terms and policy compliance.”
Whether you are a large or SME organization, we feel this report will help guide you to a recommended sourcing solution for your needs.
Arkestro’s Predictive Procurement accelerates enterprise spend transformation, using AI and game theory to unlock trapped savings and reduce risk, enabling teams to influence significantly more spend. By combining AI with our patented 3 sciences technology, procurement teams can improve win-rates while strengthening supply chain agility. You’ll find Arkestro recognized as a Representative Point Solution Vendor in the Sourcing Applications Market within the Gartner® report.
Key Takeaways
- Mandatory and common features of sourcing applications
- The three types of sourcing applications and their benefits
- Market direction of sourcing capabilities
- Procurement value propositions
- Market analysis and recommendations
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Procurement has been stuck in the past for far too long. Plagued by slow, manual processes that limit supplier engagement, the industry is full of inefficiencies that burden procurement leaders and leave money on the table. More than ever before, procurement leaders...
The Three Sciences: Redefining Procurement With AI, Game Theory, and Predictive Analytics
Procurement has been stuck in the past for far too long. Plagued by slow, manual processes that limit supplier engagement, the industry is full of inefficiencies that burden procurement leaders and leave money on the table. More than ever before, procurement leaders...
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Predictive Procurement as a Scaling Strategy: Case Studies from Successful Enterprise Transformations
May 1, 202510-11 AM PSTFull Video[dvg_divi_video_gallery columns="1" on_click="inline" preview_content="icon" overlay_color="rgba(69,88,156,0.2)" gallery_buttons_alignment="left" gallery_buttons_background="#0958D9" gallery_buttons_background_active="#1677FF"...
Predictive Procurement as a Scaling Strategy: Case Studies from Successful Enterprise Transformations
May 1, 202510-11 AM PSTFull Video[dvg_divi_video_gallery columns="1" on_click="inline" preview_content="icon" overlay_color="rgba(69,88,156,0.2)" gallery_buttons_alignment="left" gallery_buttons_background="#0958D9" gallery_buttons_background_active="#1677FF"...
Gartner Disclaimer:
Gartner, Market Guide for Sourcing Applications, 2025, By Lynne Phelan, Kaitlynn Sommers, 30th January 2025.
GARTNER is a registered trademark and service mark, and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
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This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Arkestro.