Choosing Procurement Technology – Where Maturity Meets Solutions

Selecting procurement technology that grows with an organization as it matures is no easy feat. Consider the vastly different needs between an organization engaged in running a few reverse auctions and driving eRFX for strategic categories, compared with a highly sophisticated procurement technology merging the worlds of sourcing and supply chain network design in complex tenders.

There is not one software provider that can necessarily serve both ends of the spectrum effectively – at least not today. But it is possible, across many areas of procurement technology, to better map selection to planned adoption and phased roll-ups based on the evolving needs of the function as it goes through various stages of transformation and improvement. This paper, Part 2 in a series (see Part 1 here), explores how to think about evaluating and selecting procurement technology that “grows with you” based on the typical technology needs and buying criteria for procurement organizations at different stages of maturity.