Analyst report: Worldwide SaaS and Cloud-Enabled Direct Spend Vendor Assessment

Efficient management of direct materials sourcing and spend is critical for supply chain success. This IDC MarketScape evaluates the landscape of SaaS and cloud-enabled direct spend vendor solutions, highlighting benefits in managing supplier relationships, optimizing costs, and ensuring quality.
The report covers use cases, features, and benefits of direct sourcing applications, including real-time visibility, cost breakdown, BOM management, and integration capabilities. It discusses challenges like BOM complexity, cost volatility, and data integration, as well as trends like AI integration, automation, and sustainability.
Gain an overview of this market to enhance strategies and competitiveness.