The last decade has seen the transformation of the procurement function within an enterprise from just a strategic task of processing requests and placing orders, to an integral strategic role which, properly managed, can provide an important competitive advantage. Growing specialization of companies and globalization of the world economy are increasing the importance of the procurement function, and a proper purchasing function can be the factor which makes the difference in the overall company success.

Consequently, procurement managers face today increasingly complex problems, being under pressure to deliver more savings while accelerating procurement cycles, strategically managing supplier relationships, and maintaining process excellence. Facing these challenges, CPOs and supply management executives today are seeking for advanced e-souring tools, which can make the most of their specific markets.