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Market Demand for E-Sourcing; Reverse Auctions & Spend Analysis Fuels Growth for ProcurePort; ProcurePort Provides State of the Art Cloud Hosed Reverse Auction Software
Date:8/28/2013

Indianapolis, IN (PRWEB) August 28, 2013

ProcurePort, a leading provider of OnDemand e-Sourcing Software including Reverse Auction Software and services, is embracing 2013 as a banner year thanks to the growing acceptance of e-sourcing as a way to dramatically cut purchasing costs and streamline procurement. According to the Institute for Supply Management™ and Forrester Research, 85 percent of companies recently surveyed said they have made progress toward adopting the Internet for purchasing. Additionally, 46 percent said they use company-wide procurement tools. Utilizing e-sourcing, ProcurePort customers have saved from 8 percent to 32 percent on the goods, materials and services they purchase from global suppliers and increased process efficiency.

E-Sourcing is quickly gaining momentum among mid-market organizations as firms like ProcurePort target them with easy-to-use, on-demand sourcing services that provide substantial cost savings with minimal investment. According to Purchasing magazine’s recent Benchmark Survey on E-sourcing Strategy, the use of these services rose by 24 percent in the past year. In comparison, the use of non-hosted solutions that require integration into a company’s IT infrastructure rose by a mere two percent. The survey also indicated that this market is poised for continued growth as respondents stated that they plan to use e-sourcing for various spend categories.

An article in Industry Week further supports these trends. It notes that cloud hosted e-sourcing models that offer
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