Best Practice Report

Executive Guide: Supplier Value Management Applications

AI-Powered Software Empowers Innovative, Resilient, And Ethical Supplier Ecosystems

August 29th, 2022
With contributors:
Analise Gutierrez , Ian McPherson

Summary

Most of an enterprise’s top business initiatives that drive innovation, resilience, and sustainability involve closer collaboration with suppliers. Tech leaders are required to provide their procurement and supply chain colleagues with modern supplier value management (SVM) software if they are to deliver that closer collaboration. The best SVM solutions will combine a leading SVM suite with niche specialists that address particularly complex needs. Look for vendors with deep domain expertise with products that use AI to automate arduous tasks and alert procurement professionals to issues that require action.

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