Supplier relationship management (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions. Procurement software helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is handled electronically, enabling the procurement department to see everything that is ordered, ensure that nothing can be ordered without correct approvals, and lets them get the best value by combining several orders for the same type of good or even getting suppliers to bid for the business.
At iDatalabs, we use sophisticated, patent-pending algorithms to track the use of various Supplier Relationship & Procurement Management products and technologies. We track 15 products in the Supplier Relationship & Procurement Management category, and have found 7,193 companies using these products.
(# of companies we found using this product)
|Market Share (%)|
|SAP Logistics Execution||668||9%|
|Ariba Procurement Solutions||537||7%|
|Ariba Supplier Management||277||< 5%|
|Lawson Procurement||205||< 5%|
|PeopleSoft Catalog Management||148||< 5%|
|Ariba Procuri||131||< 5%|
|Ariba Spend Visibility||115||< 5%|