Supplier Risk And Performance Management Software: The Criteria To Look For In A System

In a climate of increased regulation and greater economic, political, and environmental risk, savvy sourcing professionals are investing in supplier risk and performance management (SRPM) software to provide a holistic view of their supply base. SRPM tools go well beyond traditional SLA-based supplier performance measurement based on business intelligence (BI) platforms. They help sourcing and vendor management (SVM) professionals get more value from their most strategic suppliers by evaluating supplier risk, compliance, and performance across the enterprise. This report explains why SRPM is the fastest growing subcategory within ePurchasing and highlights which criteria SVM professionals should consider when selecting an SRPM system.