Spend Matters has named Part Analytics among its 50 Procurement Providers to Watch for 2021.
Each year this list, compiled by industry experts, recognizes fast-rising and up-and-coming companies in the procurement and supply chain market about whom practitioners ought to be aware.
According to Spend Matters, this list is primarily made up of small, fast-growing solution providers who continue to develop innovative products and propel the market forward.
Selection process
This is the eighth year of publication for the Spend Matters 50 to Watch as well as its counterpart, the 50 to Know.
The 50 vendors listed are independently selected by the analyst team over multiple rounds of debate, focusing on factors such as growth, innovation, tech capabilities, and solution delivery.
While the selection process is not an exact science, the analysts use a list of guidelines (which can be found here) when considering vendors.
Visit the Spend Matters Almanac to learn more.
About Part Analytics
Part Analytics is a supply chain software startup whose founders have more than 25 years of experience in procurement and engineering functions at Fortune 50 companies.
The company uses Artificial Intelligence to reduce costs, identify hidden risks and accelerate product development for global manufacturing companies.