As we mentioned last week, Gartner released The Magic Quadrant for Strategic Sourcing for Application Suites. The ‘MQ’ as it is affectionately known, positions technology players within a given market, in this case Strategic Sourcing. The MQ plots the providers ability to execute against the completeness of vision: resulting in a quadrant positioning the leaders, visionaries, challengers and niche players.
The MQ is arguably one of the most sought after reports Gartner produces. Business executives and technology leaders rely on this document to help filter the technology sales and marketing noise and strategize for the future by marrying the right technology footprint with their business needs.
Chief Procurement Officers (CPO) and their technology stakeholders can capitalize on the ‘magic’ of the Strategic Sourcing MQ by using it to:
- Become quickly educated about the strategic sourcing market’s competing technology providers and their ability to deliver on what they require today and in the future.
- Understand how the strategic sourcing market’s technology providers are competitively positioned and the strategies they are using to compete for end-user business.
- Compare the strategic sourcing technology provider’s strengths and challenges with their specific needs
For a complimentary copy of the MQ, click here