eProcurement Use on the Rise, including reverse auctions

Interesting read from Supply Chain Review about the rising interest in demand for procurement solutions- including reverse auctions.

Large enterprises are back in the market driving big deals, while mid-market firms are implementing sophisticated procurement systems for the first time.

Cloud computing is behind most of the positive trends in this market, including increased adoption, improved collaboration and new forms of application functionality.

I expect 2011 will be a strong year for the procurement systems market.