Procurement technologies have evolved significantly over the last 15 years, and new applications are constantly being developed. However, the effective adoption and use of enabling procurement technologies (EPTs) is still a “black box” for many companies, and postulated benefits remain elusive.
To address these challenges and to provide insight into the current state of EPT adoption, a two-phase industry study was conducted in 2014 by Michigan State University and Zycus. A total of 144 useable responses were received, enabling us to derive conclusions based on a larger sample.
Read this report to understand the procurement technology adoption landscape.