AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Retail Sourcing & Procurement Market Study:
Oracle Corporation (United States), Zycus Inc. (United States), Sciquest (United States), Ivalua Inc. (United States), JDA Software Group (United States), SAP SE (Germany), GT Nexus (United States), IBM Corporation (United States), Proactis (United Kingdom) and Epicor Software Corporation (United States)
In the last few years, Global market of Retail Sourcing & Procurement developed rapidly. Major factors driving the market are Need For Efficient and Effective Sourcing and Procurement Solutions for Rising Globalization and Growing Business Complexities
On the basis of applications, the Retail Sourcing & Procurement market is segmented by Strategic Sourcing, Supplier Management, Contract Management, Procure-to-pay and Spend Analysis.
Latest Industry Highlights:
In 2021, Trace One, a leader in the retail business platform for consumer-packaged goods (CPG), launched Trace One E-Sourcing, a solution for global retailers to bring private labels to market faster. This launch innovation streamlines CPG product sourcing and business-to-business tender (RFX) processes, which helps retailers save time, boost agility and gain a competitive edge with private labels consumers love..
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retail Sourcing & Procurement market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Retail Sourcing & Procurement market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Retail Sourcing & Procurement Provider, Software Developer, Research Institutes, End-User Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.