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In this two-part series, Eric Arno Hiller interviews Spend Matters founder, Jason Busch, about the growth of the market of Product Cost Management software and the state of the art today.

A lot has happened in the world of procurement software in the last 20 years. Purchasing has added a lot of new tools to what was mostly a relationship-focused discipline. These developments include:

1. Data-rich environments of spreadsheets, MRP and ERP systems
2. Supply chain management and supplier relationship management systems
3. Online auctions
4. Spend analytics tools/product cost management (PCM) software

Although the relationship side of the business is just as important as ever (some might say more important), purchasing analytics are here to stay, and they continue to become more prevalent in the discipline. The same is true for product cost management tools and their offshoots of service cost management tools. In this series, I am going to discuss the evolution of these tools and the state of the art.

Read the first full article, The evolution of product cost management tools and the state of the art, on Hiller Associates’ company blog.