Global trade management supports the complex and unique compliance, regulatory and financial aspects of the import and export processes associated with international trade. Software applications can also be supported by a B2B network, trade content services and the ability to directly file customs documents. GTM solutions are utilized in international trade for managing the execution of transportation operations, ensuring compliance during the operation or supporting the financial aspect of the operation, depending on the scope of the solution. And while GTM solutions are mostly related to the compliance and regulatory aspects of international trade, the operational and financial capabilities of these solutions still remain relevant.
Gartner defines multienterprise collaboration networks (MCNs) as solutions that support a community of trading partners of any tier and type that need to coordinate and execute on business processes extending across multiple enterprises. Gartner considers cloud-based MCNs to be a key technology to coordinate, orchestrate and automate an organization’s extended supply chain within the overall business ecosystem they operate in. The key capabilities of MCN solutions include three layers: Network representation and management, Application functions, Embedded analytics and intelligence.
Gartner defines the market for quality management system (QMS) software as the business information management system that manages quality policies and standard operating procedures (SOPs). This may include, but is not limited to, customer requirements, quality documents, International Organization for Standardization (ISO) requirements, manufacturing capabilities, robust design, auditing procedures and protocols, nonconformance/risk management activities, testing criteria, and industry-specific regulations (for example, the U.S. Food and Drug Administration [FDA] or the Federal Acquisition Regulation [FAR] requirements).
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.