The global retail sourcing and procurement market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for quality products at competitive prices, which in turn has led to an increase in the number of retailers entering into new markets. The retail industry has also been witnessing a shift towards online shopping, which has increased the need for efficient supply chain management and logistics services.
Strategic Sourcing: Strategic sourcing is one of the most important functions within a company’s supply chain management process as it helps identify suppliers that can provide goods or services at competitive prices while meeting quality standards. It also helps companies manage their inventory levels by ensuring that they have enough stock on hand to meet customer demand without incurring any excess costs associated with carrying too much inventory or not having enough stock on hand when needed.
Supplier Management: Supplier management involves managing relationships with suppliers and ensuring that they are able to meet agreed-upon terms and conditions such as price, quality, delivery timeframes etc, while providing value-added services such as product development assistance or technical support for production processes etc, thereby helping them improve their performance over time. Supplier management also includes monitoring supplier performance metrics such as on-time delivery rates, defect rates etc, so that corrective actions can be taken if necessary before it becomes too late to do so effectively.
Contract Management: Contract management involves negotiating contracts with suppliers based on agreed-upon terms and conditions such as price, quantity etc, while taking into account factors like supplier capacity constraints (ease of access), product availability (supply risk) etc, so that both parties are able to derive maximum benefits from these agreements over time without incurring any undue risks associated with these agreements in case there are changes in circumstances over time (ease of access).
Some Of The Growth Factors Of This Market:
- The retail sourcing and procurement market is driven by the need for retailers to reduce costs, increase margins, and improve customer experience.
- Retailers are increasingly outsourcing their sourcing and procurement activities to third party providers due to the complexity of the process.
- The retail sourcing and procurement market is fragmented with many players in the industry.
- There are many challenges faced by retailers such as rising labor costs, increasing competition from online retailers.
Industry Growth Insights published a new data on “Retail Sourcing and Procurement Market”. The research report is titled “Retail Sourcing and Procurement Market research by Types (Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, Spend Analysis), By Applications (Retail Enterprise, Others), By Players/Companies Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Proactis, SAP SEOracle Corporation, Sciquest, Tradogram, Vroozi, Zycus”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Retail Sourcing and Procurement Market Research Report
By Type
Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, Spend Analysis
By Application
Retail Enterprise, Others
By Companies
Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Proactis, SAP SEOracle Corporation, Sciquest, Tradogram, Vroozi, Zycus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Retail Sourcing and Procurement Market Report Segments:
The global Retail Sourcing and Procurement market is segmented on the basis of:
Types
Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, Spend Analysis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cegid
- Epicor Software Corporation
- GEP
- GT Nexus
- IBM Corporation
- Ivalua
- JDA Software Group
- Proactis
- SAP SEOracle Corporation
- Sciquest
- Tradogram
- Vroozi
- Zycus
Highlights of The Retail Sourcing and Procurement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Strategic Sourcing
- Supplier Management
- Contract Management
- Procure-to-Pay
- Spend Analysis
- By Application:
- Retail Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Retail Sourcing and Procurement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Retail sourcing and procurement is the process of sourcing products or services from retailers, wholesalers, or manufacturers. Retailers are typically smaller businesses that sell a wide variety of products to consumers in their local area. Wholesalers are middlemen who purchase goods from producers and distribute them to retailers. Manufacturers produce a limited number of specific types of products and usually sell them through distributors or directly to consumers.
Some of the major companies in the retail sourcing and procurement market are Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Proactis, SAP SEOracle Corporation, Sciquest, Tradogram, Vroozi, Zycus.
The retail sourcing and procurement market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retail Sourcing and Procurement Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Retail Sourcing and Procurement Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Retail Sourcing and Procurement Market - Supply Chain
4.5. Global Retail Sourcing and Procurement Market Forecast
4.5.1. Retail Sourcing and Procurement Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Retail Sourcing and Procurement Market Size (000 Units) and Y-o-Y Growth
4.5.3. Retail Sourcing and Procurement Market Absolute $ Opportunity
5. Global Retail Sourcing and Procurement Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Retail Sourcing and Procurement Market Size and Volume Forecast by Type
5.3.1. Strategic Sourcing
5.3.2. Supplier Management
5.3.3. Contract Management
5.3.4. Procure-to-Pay
5.3.5. Spend Analysis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Retail Sourcing and Procurement Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Retail Sourcing and Procurement Market Size and Volume Forecast by Application
6.3.1. Retail Enterprise
6.3.2. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Retail Sourcing and Procurement Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Retail Sourcing and Procurement Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Retail Sourcing and Procurement Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Retail Sourcing and Procurement Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Retail Sourcing and Procurement Demand Share Forecast, 2019-2026
9. North America Retail Sourcing and Procurement Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Retail Sourcing and Procurement Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Retail Sourcing and Procurement Market Size and Volume Forecast by Application
9.4.1. Retail Enterprise
9.4.2. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Retail Sourcing and Procurement Market Size and Volume Forecast by Type
9.7.1. Strategic Sourcing
9.7.2. Supplier Management
9.7.3. Contract Management
9.7.4. Procure-to-Pay
9.7.5. Spend Analysis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Retail Sourcing and Procurement Demand Share Forecast, 2019-2026
10. Latin America Retail Sourcing and Procurement Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Retail Sourcing and Procurement Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Retail Sourcing and Procurement Market Size and Volume Forecast by Application
10.4.1. Retail Enterprise
10.4.2. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Retail Sourcing and Procurement Market Size and Volume Forecast by Type
10.7.1. Strategic Sourcing
10.7.2. Supplier Management
10.7.3. Contract Management
10.7.4. Procure-to-Pay
10.7.5. Spend Analysis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Retail Sourcing and Procurement Demand Share Forecast, 2019-2026
11. Europe Retail Sourcing and Procurement Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Retail Sourcing and Procurement Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Retail Sourcing and Procurement Market Size and Volume Forecast by Application
11.4.1. Retail Enterprise
11.4.2. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Retail Sourcing and Procurement Market Size and Volume Forecast by Type
11.7.1. Strategic Sourcing
11.7.2. Supplier Management
11.7.3. Contract Management
11.7.4. Procure-to-Pay
11.7.5. Spend Analysis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Retail Sourcing and Procurement Demand Share, 2019-2026
12. Asia Pacific Retail Sourcing and Procurement Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Retail Sourcing and Procurement Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Retail Sourcing and Procurement Market Size and Volume Forecast by Application
12.4.1. Retail Enterprise
12.4.2. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Retail Sourcing and Procurement Market Size and Volume Forecast by Type
12.7.1. Strategic Sourcing
12.7.2. Supplier Management
12.7.3. Contract Management
12.7.4. Procure-to-Pay
12.7.5. Spend Analysis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Retail Sourcing and Procurement Demand Share, 2019-2026
13. Middle East & Africa Retail Sourcing and Procurement Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Retail Sourcing and Procurement Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Retail Sourcing and Procurement Market Size and Volume Forecast by Application
13.4.1. Retail Enterprise
13.4.2. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Retail Sourcing and Procurement Market Size and Volume Forecast by Type
13.7.1. Strategic Sourcing
13.7.2. Supplier Management
13.7.3. Contract Management
13.7.4. Procure-to-Pay
13.7.5. Spend Analysis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Retail Sourcing and Procurement Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Retail Sourcing and Procurement Market: Market Share Analysis
14.2. Retail Sourcing and Procurement Distributors and Customers
14.3. Retail Sourcing and Procurement Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cegid
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Epicor Software Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GEP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GT Nexus
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IBM Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ivalua
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JDA Software Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Proactis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SAP SEOracle Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sciquest
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tradogram
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Vroozi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zycus
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
