Market Snapshot:
Supplier risk management (SRM) is known as an evolving discipline in operations management for retailers, manufacturers, financial services companies and also government agencies where the organization is highly dependent on the suppliers to achieve objectives of the business. The globally outsourced nature and complexity of today’s supply chains are combined with the practice of optimization techniques like as just-in-time and lean manufacturing in order to improve the efficiency has increased the vulnerabilities of the supply chain to even minor supply disruptions.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SAP (Germany), MasterControl (United States), HICX Solutions (United Kingdom), NAVEX Global (United States), Bureau van Dijk (United Kingdom), Pilgrim Quality Solutions (United States), Opus (United States) and D&B UK (United States) |
Segment Analysis
AMA Research have segmented the market of Global Supplier Risk Management market by Type, Application and Region.
On the basis of geography, the market of Supplier Risk Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Trend
Extended performance management benchmarks to second and third-tier suppliers
Market Drivers
Need for the Efficient Management of Complex Supplier Ecosystems and Automated Questionnaire Generation and Supplier Selection
Opportunities
Streamline the Supplier Risk Assessment Process and Better Financial and Compliance Control
Restraints
- Dependence on Non-Formal and Manual Processes By Many Organizations
In addition to the aforementioned factor, Need for the Efficient Management of Complex Supplier Ecosystems
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are SAP (Germany), MasterControl (United States), HICX Solutions (United Kingdom), NAVEX Global (United States), Bureau van Dijk (United Kingdom), Pilgrim Quality Solutions (United States), Opus (United States) and D&B UK (United States).