Vendors in Procurement Performance Management

Procurement Performance Management (or PPM) technology solutions are designed to structure and optimize day-to-day procurement operations, as measured and valued by the rest of the organization (i.e., stakeholders). They allow users to collaborate cross-functionally in areas that span analytics, category management, sourcing, contracting, risk management, supply management and supply chain. By identifying and allowing collaboration on what are commonly known as “second wave” opportunities to drive cost savings, cost avoidance, risk reduction, quality improvements and related areas, PPM solutions increase visibility, efficiency and value delivery across procurement processes and activities. Technically, PPM solutions support open, deep and application-specific integrations with third-party procurement and enterprise technologies, resulting in increased transparency and collaboration with finance, IT, operations, line of business and other stakeholders. PPM solutions address direct, indirect and services spend types.