Quadrant Knowledge Solutions’ A supplier relationship & risk solution can collect the spend data across the organization and enable the buyers to leverage the data to make well-informed sourcing decisions. The solution gives buyers the flexibility to access supplier data, including their past transactional and business activities, to drive strategic business decisions. The solution also allows buyers to evaluate supplier information and create their comprehensive portfolio for the organization to formulate effective vendor strategies. In a way, the SRM solution is proving to be helpful in enabling buyers and suppliers to easily collaborate in real-time to manage, track, and mitigate various issues such as forecasting, capacity planning, and quality management.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of leading Digital Threat Intelligence Management vendors with a global impact. This SPARK Matrix includes an analysis of key vendors, including Aravo solution, Avetta, Corcentric, Coupa, GEP, Hicx, Icertis, Ivalua, JAGGAER, LevaDeta, Oracle, Proactis, Procurence, SAP(Ariba), SourceDay, Synertrade, Tesisquare, and Zycus.
According to Kumar Anand, Analyst at Quadrant Knowledge Solutions, “Supplier Relationship & Risk solution as ‘software that helps organizations recognize, manage, and measure the risk levels across each sourcing process (from supplier qualification to risk management) to drive operational efficiency.’ The solution gathers the supplier’s data across the global network to provide comprehensive visibility into various risk factors (including legal, CSR, financial, geographical, and more) to improve partner relationships and help leaders make informed business decisions”. Additionally, “Driven by the growing complexity across supply chain networks and supplier selection processes, organizations are focusing on adopting AI/ML-driven SRM solutions to streamline the operational activities. AI can assist in driving the best possible scenario for supplier selection while reducing the associated risks during each supplier interaction, adds Kumar Anand”.
2022 Supplier Relationship & Risk SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Supplier Relationship & Risk Market
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