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Navigating an ongoing cycle of supply chain disruptions continues to be a priority for procurement, supplier viability, cybercrime and increasing ESG regulations are among the concerns. Procurement technology leaders must identify solutions to monitor, manage and mitigate supplier risks.

“Supplier risk management is a key competitive advantage. Enhanced risk management enables sourcing and procurement professionals to impact a company’s continued success from product development, implementation to phase out.

Download this Gartner® report and you’ll learn:

  • Buying organizations that have supplier risk management technology can monitor and analyze supplier risk events in real time or near real time. However, more sophisticated use cases, which are driving solutions to be predictive and prescriptive are using artificial intelligence (AI), machine learning (ML) and other emerging technologies.
  • The software market to address supplier risk remains highly fragmented, leaving companies with almost too many questions, and no single solution can meet every requirement.
  • “The 2023 Gartner® Balancing Sustainability and Resilience survey revealed that over half of respondents reported their supply chains facing disruptions more than 50% of the time”.

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Gartner, Market Guide for Supplier Risk Management Solutions, Cian Curtin, Cheryl Van Dyke, 4 December 2023

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