The global procurement and supply chain management software market grew 7.3% to $8.9 billion in 2013, with SAP maintaining the number one position with a 23.9% market share. While Oracle held second place with 16.3% market share, revenue grew only slightly. The market grew as supply chain investments remained a priority for companies during cautious budget periods. Investment in procurement and supply chain management software can lead to reduced costs, improved supplier relationships, and greater productivity and strategic goal achievement for procurement managers.