STROUD, England, Feb. 27, 2025 /PRNewswire/ -- Esker Sourcing (Market Dojo), a leading provider of sourcing solutions, has been recognised in the 2025 Gartner® Market Guide for Sourcing Applications. According to the Gartner Market Guide for Sourcing Application, "sourcing technology plays a key role in enabling sourcing goals like reducing cost, mitigating risk, improving resilience and fostering innovation. Procurement technology leaders can use this research to gain insight into market dynamics and representative vendors before making investment decisions."
Technology Driving the Future of Sourcing
The sourcing technology market is evolving rapidly, with AI, automation, and generative AI (GenAI) enhancing procurement efficiency. As organisations face economic volatility and supply chain disruptions, digital sourcing applications are essential for cost control, risk management, and supplier collaboration.
Our Key Insights from the Gartner Market Guide
-- AI and Automation are Reshaping Procurement: According to the Gartner
guide, "sourcing applications help improve inefficiencies attached to
traditional, labor-intensive sourcing activities. The automation
sourcing applications provide allows for more time to conduct more
intensive negotiations to secure improved cost, terms and policy
compliance. The centralization of these activities also improves
standardization and cycle time, and streamlines both internal and
external communications."
-- Three Main Types of Sourcing Solutions:
-- Standard Sourcing: "Standard sourcing applications support requests
for proposal, information, and quote (RFx), and digitize sourcing
processes. These applications are used to solicit supplier responses
and pricing information."
-- Sourcing Optimisation: "An advanced sourcing optimizer supports
decision making for large, complex spend categories. These solutions
use complex algorithms and data analytics to analyze thousands of
data points and optimize sourcing decisions with customizable
charts."
-- Autonomous Sourcing: "An autonomous sourcing solution uses AI and
machine learning to automate parts of the sourcing process and
facilitate decision support for awarding spend to suppliers."
-- Choosing the Right Vendor: Gartner advises to "select the category of
sourcing solution that aligns best with the organization's strategic
objectives by assessing your organization's specific needs and maturity
level." "Harness potential efficiencies for your procurement
organization by investigating vendors' current AI and automation
capabilities, as well as their future roadmaps."
How Esker Sourcing (Market Dojo) Supports Smarter Procurement
-- Automates RFx processes for greater efficiency.
-- Enhances supplier negotiations through structured bidding and auctions.
-- Drives cost savings and compliance with robust analytics.
-- Integrates seamlessly with procurement ecosystems for improved
visibility and control.
Alun Rafique, CEO of Market Dojo, commented:
"We are overjoyed to be recognised in the Gartner Market Guide. This reinforces our commitment to providing procurement teams with intuitive and effective sourcing tools. As AI and automation reshape procurement, Esker (Market Dojo) is dedicated to helping businesses streamline sourcing, reduce costs, and improve supplier collaboration."
Visit Market Dojo's website [https://marketdojo.com/]. Follow LinkedIn [https://www.linkedin.com/company/market-dojo-ltd./mycompany/].
About Market Dojo
Market Dojo is a leading global procurement software provider built to solve inefficient sourcing and supplier management processes. Trusted by organisations worldwide with headquarters in the UK, Market Dojo is 51% owned by Esker, a global cloud platform with headquarters in Lyon, France.
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Market DojoCONTACT: Press Contact: David Smith, Head of Marketing, Market Dojo,
david.smith@marketdojo.com.
