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SupplyHive: Vendor Introduction (Part 2) — Product Strengths and Weaknesses [PRO]

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In our last brief, we introduced you to Supply Hive, a provider based out of Chicago that is deploying a new platform for supplier performance management (SPM), specifically around simplifying the process of gathering and analyzing supplier performance reviews. Combining savvy UX/UI design and an apt use of natural language processing (NLP), SupplyHive has built a supplier performance review solution that addresses an acute set of pain points quickly, easily and relatively cheaply.

In effect, it has created what may be termed a “stupid simple” app for supplier management in a market where few vendors effectively address this requirement. Yet the biggest challenges that Supply Hive could face may have more to do with the highly varying levels of maturity that procurement organization demonstrate in support of supplier relationship management (SRM) than in the adoption of the technology itself.

The first part of this brief provided an overview of Supply Hive’s offering and a short selection requirements checklist that outlined the typical company for which Supply Hive might be a good fit. In this part, we provide a breakdown of what is comparatively good (and not so good) about the solution, and some final conclusions and takeaways.

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