Home / Glossary / What are Supplier Risk Management Softwares?

insights-espresso-icon glossary

What are Supplier Risk Management Softwares?

Espresso-live Speakers
by Beroe Inc,
5 September 2023

Supplier risk management software is a specialized tool that gathers and manages data about potential risks associated with vendors. The main objective of supplier risk management software is to assess, monitor and mitigate risks that may affect the suppliers' relationship with the company.

This software is primarily utilized in quality management, supply chain, or manufacturing to reduce the risk of disruptions caused by unreliable suppliers. It manages internal policies and governmental regulations, such as FFIEC, CFPB, and HIPAA. The software can also be integrated with other tools like supply chain suites, quality management software, ERP systems, governance, risk, and compliance software.

Linkedin Twitter Facebook
Leave a comment

Please enter a valid name

Post your comment

Please select captcha


Get more stories like this

Subscirbe for more news,updates and insights from Beroe

Get Ahead with AI-Enabled Market Insights Schedule a Demo Now

Schedule a Demo Now