ATLANTA, GA–(Marketwired – Jul 9, 2013) – MFG.com has been positioned in the “Niche Player” quadrant of Gartner’s July 1, 2013 “Magic Quadrant for Strategic Sourcing Application Suites” for its Livesource eSourcing platform. Gartner’s market research is recognized as one of the most influential market analyses for organizations seeking to evaluate software.
According to the report, “companies in the Niche Players quadrant focus on a particular segment of market requirements, as defined by characteristics such as size, vertical focus or selective network technology management offerings. Vendors that appear in the Niche Players quadrant are viable options for organizations to consider for COPS. In this Magic Quadrant, vendors identified as Niche Players may have limited experience in certain regional markets, or they may only provide specific service offerings focused on specific network platforms (for example, PBXs, mobile and wireless, narrow vertical markets, or business segments served).”
LiveSource fits into that role completely with a heavy focus on direct material sourcing. While many companies focus on indirect areas, they have taken a different approach and place emphasis on how to improve the process for direct sourcing. It is understood that having mere functionality will not suffice, but providing benefits that allow for better efficiency, team collaboration, sourcing strategy and innovative means is necessary and important to the success of sourcing tools.
Overall, LiveSource is a cloud-based eSourcing tool that combines the power of advanced supplier management with the global reach of the world’s largest manufacturing marketplace — MFG.com. LiveSource helps companies discover, collaborate and work with qualified global suppliers, resulting in smarter spending, reduced product costs, shorter delivery times, and a more flexible supply chain, all without adding IT infrastructure costs.
“We are excited to be placed in the report by Gartner. We believe it continues the validation of our tool as being innovative and highly effective for our customers,” said Roger Blumberg, Vice President of LiveSource from MFG.com. “The tool helps organizations become more effective in managing their supply chains and reduce direct material spend dramatically. We see this as a great testament to the vision we have had in helping streamline the direct material purchasing habits of organizations.”
To learn more about LiveSource from MFG.com, please visit www.livesource.com.
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About LiveSource by MFG.com
LiveSource is a cloud-based eSourcing tool that combines the power of advanced supplier management with the global reach of the world’s largest manufacturing marketplace — MFG.com. LiveSource helps companies discover, collaborate and work with qualified global suppliers, resulting in smarter spending, reduced product costs, shorter delivery times, and a more flexible supply chain, all without adding IT infrastructure costs.