SRM Market Changing: „All-in-One“-Solutions on the Rise

Vienna | Detroit October 8, 2014 –The topic of process optimization has been the primary focus in purchasing departments for over a decade. Demands and complexities have changed a great deal. Fewer and fewer companies today rely on simple calls for bids, but rather prefer to begin rethinking their processes with the production process, starting with creating the development or purchasing bill of materials. This also poses new challenges for software providers that must be set up as “All-in-One Supply Collaboration” platforms for their clients, both today and in the future.

The SRM and Sourcing market is changing. Thomas Dieringer, CEO of the specialized IT tool company POOL4TOOL AG, summarizes the growing market trends: "Companies have been focusing on the issue of sourcing optimization for years, and many of them have achieved a plateau. They have reached the conclusion that the large majority of pieced-together IT solutions can no longer meet the needs of companies’ increasing complexities. Many must now consider how to deal with the large number of Best-of-Breed solutions in purchasing and those departments that have begun to work more closely with the purchasing department, such as logistics, QM, and product development. These solutions do not reduce media disruption in communication with suppliers, but rather cause it in the first place.”

Leading IT analysts also emphasize the increasing significance of holistic solutions in their current market research. Gartner has called the concept of the “All-in-One Collaboration Platform” an “innovation trigger” in the current Hype Cycle(1), thereby confirming the continuing trend towards the replacement of outdated supplier portals and/or the consolidation of isolated solutions. This topic is particularly interesting for companies in the international production industry with revenue exceeding 5 billion dollars. The Hype Cycle method makes it easier to create a visual representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities.

Best-of-Breed Solutions Reach Their Limit

POOL4TOOL offers those companies that are seeking a modern, comprehensive IT solution for their entire purchasing department a sophisticated software solution and many years of experience implementing complex processes. “Over the last several months, we have been increasingly receiving inquiries from companies that want to replace their previous IT solutions in their purchasing departments. They approach us because the POOL4TOOL portfolio is the only ‘All-in-One Supply Collaboration’ platform on the market, and with more than 40 modules, it covers all of the critical aspects for the lasting optimization of processes from production, purchasing and quality management in one solution. This allows us to help purchasing departments implement their roadmaps in the most cost-effective and sustainable way,” says Dieringer.

As a pioneering solution for electronic sourcing, the POOL4TOOL portfolio was developed from the beginning based as a holistic “All-in-One Supply Collaboration” platform: “Today, more and more companies are excited about this holistic option. This makes us happy because it shows that our strategy has proven correct, and has been received positively by the market. While “Source to Pay” or “Source to Contract” might have been the talked-about topics before, processes from development to procurement that are relevant for almost every production company are moving to the foreground.”

(1) Gartner, Inc. "Hype Cycle for Procurement and Sourcing Solutions, 2014" by Magnus Bergfors, Deborah R Wilson. July 29, 2014


Interview request for Thomas Dieringer, CEO, POOL4TOOL, please contact: kathrin.poelzl@pool4tool.com
About POOL4TOOL: POOL4TOOL together with over 220 clients and offices in Vienna (HQ), Munich, Stuttgart, Paris, Belgrade, Detroit and Singapore is the innovation leader for eSolutions designed for purchasing optimization. The All-in-One Supply Collaboration Platform covers all key areas of purchasing - strategic sourcing, operational process optimization, indirect procurement and the product development process. The portfolio includes solutions for over 40 processes including: supplier relationship management (SRM), supply chain management (SCM), sourcing/procurement, quality and product costing (PLC). http://www.pool4tool.com
If you have any further questions, please contact: POOL4TOOL AG | Kathrin Pölzl | Corporate Communications | Altmannsdorfer Straße 91/19
A-1120 Vienna | Phone: +43 (1) 80 490 80 | Email: kathrin.poelzl@pool4tool.com

Altmannsdorfer Straße 91/19
A-1120 Vienna | Phone: +43 (1) 80 490 80

This release was published on openPR.