Forestreet: Vendor Analysis — Supplier discovery solution overview, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis gives an overview of Forestreet, a supplier discovery solution.

In a world that feels like it is constantly teetering on the edge of chaos or ‘permacrisis,’ procurement professionals must master ‘uncertainty’ by building resilience and agility. And one way to do that is to rethink where organizations source from. Nearshoring and ally-shoring aren’t just buzzwords anymore; they’ve shot to the top of the agenda for anyone trying to keep supply chains resilient and businesses competitive.

That is why supplier scouting/discovery is making a comeback (after years of putting 'supplier rationalization' at the top of every organization’s priority list). However, efficient and effective discovery can be a challenge. Think of it as the art (and science) of finding not just a needle in a haystack but the right needle in an ever-expanding field of hay. That’s where discovery tools like Forestreet’s platform come into play. Instead of spending countless hours wading through endless company profiles, procurement teams can identify potential business partners with speed and precision.

This Vendor Analysis provides an overview of Forestreet, looks at the competitive landscape, provides selection considerations and closes with an analyst summary.

Here’s why Forestreet matters:

• To the market — Forestreet supports supplier instant discovery with a focus on market and category-based discovery to identify key capabilities and suppliers able to deliver them.
• To potential buyers — Organizations are always looking for new sources and the resilience/agility agenda that has put discovery on the top of critical procurement capabilities. Forestreet empowers such a capability with instant intelligence from ad-hoc scouting requests.