EC Sourcing: Vendor Analysis, 2021 update (Part 3) — SWOT, EC Sourcing Competitors, Tech Selection Tips, Analyst Summary

This final installment of our updated three-part Spend Matters PRO Vendor Analysis of EC Sourcing series provides a company SWOT assessment, a look at EC Sourcing’s competitors and how the provider compares to competing vendors that customers may wish to shortlist. This post also includes a user selection guide and summary evaluation.

There is a lot of competition in the e-sourcing and strategic sourcing suite marketplace today.

Granted, while new market entrants have largely if not entirely replaced some of the legacy providers from a decade or more ago, the amount of choice procurement organizations have in selecting a provider has never been greater.

EC Sourcing is one such provider that companies — especially those in the middle market — may wish to add to their shortlists, not just for core sourcing and negotiation but to enable basic category management support and upstream (non-transactional) suite capability.

Part 1 and Part 2 of this analysis provide a company and solution overview (with info on the BidMode integration), product strengths and weaknesses, and a recommended fit analysis for what types of organizations should consider EC Sourcing.

Now, let’s take a deeper look at EC Sourcing and how it sits in the procurement technology market.