SupplyHive Named a Cool Vendor in 2021 Gartner® “Cool Vendors in Strategic Sourcing Technology” Report

Company’s platform utilizes innovative AI and a Machine Learning Solution that minimizes time spent on data collection, insight visualization

 

Key findings in the report include:
  • Even though the average procurement organization achieved a cost savings goal of 4% in 2020, at least 60% of organizations are under pressure to increase cost savings even further.
  • Top tactics to achieve cost savings include deploying technology to automate processes and collaborating with suppliers to identify opportunities.
  • AI and analytics are popular topics in procurement, and vendors are incorporating machine learning and virtual assistants, with success in targeted use cases.
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Read the report to discover:

  • This year’s technology trends in sourcing and procurement
  • Recommendations for leaders responsible for sourcing and procurement technology solutions
  • Why SupplyHiveTM was named by Gartner as a Cool Vendor in Strategic Sourcing