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The 2023 Gartner® Market Guide for Supplier Risk Management Solutions

Analyst Report

Cian Curtin, Cheryl Van Dyke and Micky Keck

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from apexanalytix.

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”. 

 

Download the report to learn why apexanalytix was recognized by Gartner.

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

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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