How SolutionMap compares to Gartner, Forrester, IDC in rating procurement technology

When it comes to rating procurement technology, what do you trust — your gut or your data? In a new white paper, Azul Partners and Spend Matters Founder Jason Busch compares the Spend Matters SolutionMap ratings approach to other analyst ratings methodologies, including the Gartner Magic Quadrant (MQ), the Forrester Wave and the IDC MarketScape. The fundamental argument that Busch makes is that the "data" that drives legacy rating models and vendor placement is circumspect in terms of accuracy and predictive insight. And that is not because the analysts at these firms are any less smart or expert than those at Spend Matters. Quite the contrary, in fact. It's the reliance on their very expertise that is creating the problem! But how can that be? ‘Thinking, Fast and Slow’ We need to turn our attention to the Nobel Prize-winning research of Daniel Kahneman (and Amos Tversky) to understand why. When [...]

Kodiak Rating: Vendor Introduction (Solution Overview, Strengths/Weaknesses, Company SWOT, Selection Checklist, Analysis) [PRO]

As we’ve mentioned in previous research, the market for supplier management applications is fragmented with many types of solutions and approaches. At Spend Matters, we have defined five core supplier management capabilities:

* Supplier information management (SIM)
* Supplier performance management (SPM)
* Supplier relationship management (SRM)
* Supplier risk management (Supplier Risk)
* Supplier quality management (SQM)

Most supplier management applications today have their origin in the SIM or risk areas. There are very few, if any, vendors focused on SPM, and to get that functionality, buying organizations have usually been forced to invest in broader suites, either full S2P suites or extended SIM or Supplier Risk applications. As a result, many organizations, especially (but not limited to) mid-size organizations, have resorted to using Excel as the primary tool for supplier performance management.

But, that said, SPM needs information from other applications to measure performance and has overlaps with the other SXM areas. You typically need some basic information about your suppliers (SIM) and both risk and quality data (Supplier Risk and SQM) to rate your suppliers, and in order to act upon the ratings, some SRM capabilities are needed.

Kodiak Rating’s solution stands out in the market with its primary focus on SPM (and to a lesser degree SQM) supported by basic capabilities in the other SXM areas.

This Spend Matters PRO Vendor Introduction offers a candid take on Kodiak Rating and its capabilities — features that support rating, monitoring and managing your suppliers. The brief includes an overview of Kodiak Rating and its solution offerings, a summary solution evaluation, solution strengths/weaknesses, a company SWOT analysis and a selection checklist for companies that might consider the provider.