Maastricht, Netherlands, August 2022 , RheinBr\u00fccke Technology announced that their Strategic Sourcing Solution MeRLIN has been listed in the 2022 Gartner\u00ae Market Guide for E-Sourcing Applications.
According to Gartner \u201cE-sourcing applications are critical for a procurement organization to vet new sources of supply, negotiate pricing and mitigate cost increases for strategic spend categories. Application leaders can use this research to understand the market landscape and dynamics before buying.\u201d
According to Gartner, increased demand for procurement & supply chain solutions as well as analytics platform requirements will lead to spend exceeding $31.8 billion by 2025 in the SCM space. The annual spend on procurement software will increase to $12.2 billion by 2025 at a CAGR of 16% in constant currency terms (base 2020) due to new investments to improve negotiated savings, mitigate supplier risk, and the increased need to improve compliance & sustainability and visibility.**
According to PwC Digital Procurement Survey 200 Study 2022, 72% of the DACH manufacturing companies are expected to do Procurement Digitalization by 2025.
E-sourcing applications have registered a growth of nearly 15% (in current currency terms) over the year 2021. In our opinion, these numbers are proof that the many global factors affecting supply chains in recent years have made these digital solutions more critical than ever before to procurement organizations to help manage their spend and suppliers efficiently.
Gartner\u00ae publishes its Market Guides to provide business leaders an understanding of early, mature and small markets and how the status of an emerging market aligns with plans for their businesses. A Market Guide can help with such questions as, \u201cHow suitable is it to make a buying decision today for this market?\u201d or \u201cWhat key capabilities are providers generally able to bring to this market this year?\u201d.***
\u201cWe are extremely happy that MeRLIN made this eSourcing Market Guide this year. We believe our inclusion in this Gartner Market Guide is a validation of MeRLIN\u2019s ability to support the Sourcing and Procurement needs of organizations to drive procurement efficiency and performance. This reinforces our belief in our capability to deliver best-in-class solutions to our customers\u201d, said Vetri Selvan, CEO of RheinBr\u00fccke Technology.
\u201cMeRLIN, with its comprehensive capabilities to streamline source-to-pay processes and easy-to-use interface, will help enterprises achieve measurable benefits like productivity gains and improved savings within the first year of implementation. We are working towards enhancing our customer experiences by constantly investing over 24% of our revenue in Product Research & Development and are building advanced capabilities including advanced sourcing optimization, AI-based autonomous sourcing and risk assessment in our coming releases. Our goal is to bring strategic sourcing to the reach of every buyer by simplifying and automating and infusing intelligence to the procurement processes.\u201d Added Vetri.
Gartner Disclaimer
*Gartner, \u201cMarket Guide for E-Sourcing Applications\u201d, Kaitlynn Sommers, Balaji Abbabatulla, May 25, 2022.
** Gartner, \u201cForecast Analysis: Supply Chain Management Software, Worldwide\u201d; Balaji Abbabatulla, Amarendra ., Neha Gupta, August 13, 2021.
***Gartner, \u201cMarket Guide Research Methodology\u201d | (https:\/\/www.gartner.com\/en\/research\/methodologies\/market-guide)
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