Navigating Business Alliances: The Power of Supplier Relationship & Risk Management

 


The Supplier Relationship & Risk Management Solution is a software application designed to efficiently handle supplier and business relationships while mitigating associated risks. Supplier relationship management (SRM) focuses on aiding businesses in the smooth management of supplier selection, onboarding, performance, and engagement. Concurrently, risk management assists businesses in identifying, managing, and quantifying risks (including economic, environmental, legal, and political) throughout the supplier lifecycle.

This software provides comprehensive visibility into supplier performance and risk assessment by collecting, monitoring, and analysing data from various internal and external sources. It also automates workflows while ensuring compliance with company and government regulations.

Key Inquiries Addressed by this Study:

·       What is the growth rate of the Supplier Relationship And Risk Management market?

·       What factors are driving or inhibiting the global Supplier Relationship and Risk Management market?

·       Which industries offer the most growth opportunities in the projected period?

·       Which global regions are expected to experience significant growth in the Supplier Relationship and Risk Management market?

·       Which customer segments hold the highest growth potential for the Supplier Relationship and Risk Management solution?

·       Which deployment options for Supplier Relationship and Risk Management solutions are anticipated to grow rapidly in the upcoming five years?

Vendors Included in this Investigation:

The study includes vendors such as Aravo, Avetta, Corcentric, Coupa, GEP, HICX, Ivalua, JAGGAER, LevaDeta, Oracle, Proactis, Procurence, SAP (Ariba), SourceDay, Synertrade, TESISQUARE, and Zycus.

Strategic Direction of the Market:

Vendors are incorporating emerging technologies, including AI/ML, to handle supplier management tasks, reducing procurement resources and human errors. AI extracts data from various sources to identify risks and prompt necessary actions.

Natural language processing (NLP) captures data from supplier documents to identify compliance deviations. AI-powered alerts are planned to notify stakeholders of anomalies and deviations in real-time. This approach streamlines information dissemination from suppliers to key stakeholders, establishing a unified source of truth.

Download the sample report of Supplier Relationship & Risk Management Solution

Table of Contents:

Chapter 01: Research Overview

·       2023 Market Outlook: Key Findings and Takeaways

·       Prominent Predictions

Chapter 02: Market Introduction

·       Defining the Market and Scope

·       Revenue Models

·       Geographic Regions

·       Industry Sectors

Chapter 03: Analysis of Market Forecasts

·       Market Drivers and Constraints

·       Market Forecast for Total Market

·       Market Forecast by Deployment Type

·       Cloud

·       On-Premises

Market Forecast by Geographic Regions

·       Canada

·       Central & Eastern Europe

·       Japan

·       Latin America

·       Middle East & Africa

·       USA

·       Western Europe

·       Asia Ex-Japan China (AxJC)

·       China

·       Market Forecast by Industry Sectors

·       Banking and Financial Services

·       Electronics & Telecom

·       Retail and eCommerce

·       Professional Services

·       Healthcare and Life Sciences

·       Manufacturing

·       Media & Entertainment

·       Government and Public Sectors

·       Education

·       Energy & Utility

·       Others

Market Forecast by Customer Categories

·       Small and Medium Businesses (SMB)

·       Large Enterprises

·       Corporations

Chapter 04: Analyst Recommendations

Recommendations by Analysts

Chapter 05: Appendix

 

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com

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