There is no single market segment for supply chain and supplier risk management solutions. Both the sector (providers) and use cases (for practitioners) are varied based on approach, specialty, industry requirements, capabilities, embedded market intelligence and roles.
riskmethods is a provider that combines elements of application (cloud-based) supply chain visibility and supplier risk monitoring, planning and remediation software. It then adds aggregated information sources, both machine (AI) and human-based analysis and intelligence to mine and prioritize “events” and an evolving network-based connectivity/visibility model to further connectedness and value for different tiers of participants. But what is riskmethods? Is it software like SAP? Is it a data service like D&B? Is it a network like Ariba? It’s something much different, in fact, where the sum of the parts can add up to much more than the individual contributing elements.
This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering riskmethods offers a competitive analysis and comparison with other procurement technology providers (suite and otherwise). It also includes a user selection guide, user interface and user experience (UI/UX) analysis and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep-dive solution overview, a SWOT analysis, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider riskmethods.