SAN
FRANCISCO, March 9, 2022 /PRNewswire/ -- Bid
Ops, the leading Predictive Procurement Orchestration platform,
announced that it has been named a Cool Vendor in 2021 Gartner
"Cool Vendors™ in Strategic Sourcing Technology" by William McNeill, Koray
Kose, Micky Keck, and
Patrick Connaughton. The report
states that "when considering vendors for this research, we looked
for solutions that could fill specific use cases in a company's
digital roadmap. These Cool Vendors target the need for better and
more collaborative supplier management with faster and better
decision making across increasingly complex and ever-expanding
supply chain networks and supplier ecosystems."
According to this Gartner report, "hyperautomation, data and
analytics and supplier enablement lead this year's technology
trends in sourcing and procurement. Application leaders can use
this Cool Vendors research to identify promising software vendors
that can help them make the most of these trends." The report
further mentions that:
- "effectively managing suppliers specifically is pivotal to
organizational success and resilience. This is especially true
today as we face increasing market volatility with disruptions
caused by uncertain political environments, emerging risks such as
changing regulations, climate change impact and, most recently, the
COVID-19 pandemic. Software vendors have realized this and, as a
result, there are now many applications in the market that can help
buying organizations manage their suppliers."
- "Data and analytics have experienced a renewed focus in
procurement across descriptive, prescriptive, and predictive
scenarios. Procurement software vendors have taken note of this
trend and are investing heavily in ensuring that their solutions
are as much data and analytics solutions for procurement as
solutions focused just on streamlining the process."
"We are delighted to be named a Gartner Cool Vendor," said
Edmund Zagorin, CEO of Bid Ops.
"Procurement teams using Bid Ops are able to scale value from their
best purchasing decisions, helping to influence more spend; deliver
predictable, repeatable cost savings and align their activities
with strategic corporate initiatives like ESG and supplier
diversity. Being a machine learning-first platform, we are able to
help procurement leaders deliver results in less than 90 days with
no user adoption barriers or IT setup time required. It's exciting
to see what our customers are able to achieve using Predictive
Procurement Orchestration."
*Gartner, "Cool Vendors in Strategic Sourcing Technology,"
William McNeill, Koray Kose, Micky
Keck, Patrick Connaughton,
November 11, 2021.
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reserved. Gartner does not endorse any vendor, product or service
depicted in our research publications, and does not advise
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consist of the opinions of Gartner's research organization and
should not be construed as statements of fact. Gartner disclaims
all warranties, expressed or implied, with respect to this
research, including any warranties of merchantability or fitness
for a particular purpose.
About Bid Ops
Bid Ops is the only Predictive
Procurement Orchestration platform built to keep your team
continuously exceeding targets. Unify your sourcing, purchasing,
contracting and supplier management activities with real-time data
benchmarks and always-on anomaly detection. Predict and win 2-5x
faster savings and never get stuck waiting for a report again.
Learn more at https://www.bidops.com.
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SOURCE Bid Ops