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Supplier risk management solutions are advanced technology platforms designed to facilitate comprehensive supplier risk management activities. These platforms not only aid in the identification and continuous monitoring of potential risks, such as financial instability, geopolitical concerns, and compliance challenges, but also enable a thorough analysis of their holistic impact. Furthermore, they support the coordination of both operational and strategic responses to mitigate these risks effectively. Integral to end-to-end supply chain risk management, supplier risk management aims to assist organizations in mitigating prioritized risks across the entire supply ecosystem — encompassing both physical and digital domains.

• EcoVadis
  4.0

  5 Reviews

Supplier sustainability applications help companies assess suppliers’ performance across multiple environmental, social and governance (ESG) issues. These applications collect supplier data using surveys (e.g., supplier self-assessments) and allow organizations to measure how well suppliers meet their sustainable procurement requirements. According to the 2022 Gartner/SPP Sustainable Procurement Pulse Survey, 54% of organizations currently use this type of tool for enabling their sustainability program. Sustainability requirements will vary across different organizations. For some, supplier requirements will focus on ensuring compliance with multiple ESG issues in accordance with local/global regulations. For others, supplier requirements might extend to issues beyond compliance, such as greenhouse gas (GHG) emissions reduction or deforestation. Solutions in this market offer support for a broad range of ESG topics, all managed within the same platform.

• EcoVadis
  4.3

  10 Reviews