SupplyHive™, a Chicago-based innovative provider of Supplier Performance Management (SPM) technology, announced today that it has been recognized in the 2021 list of Cool Vendors in the "Cool Vendors in Strategic Sourcing" 1 report published by Gartner.

According to Gartner, "This research does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services." The report further states, "Promising supplier management Cool Vendors, such as those covered here, offer solutions that augment an organization's ability to preserve, and extract added value from new and existing supplier relationships. When considering vendors for this research, we looked for solutions that could fill specific use cases in a company's digital roadmap. These Cool Vendors target the need for better and more collaborative supplier management with faster and better decision making across increasingly complex and ever-expanding supply chain networks and supplier ecosystems."

We believe, SupplyHive's™ platform automates the analysis rating and scoring of a company's suppliers based on supplier performance data and reviews. By minimizing time on data collection procurement teams can spend time on strategic decisions and relationship building through hyper automation and supplier enablement use cases. Organizations benefit from the use of sentiment analysis and machine learning to drive operating efficiency and improved supplier performance at scale.

To read the complete article, click here.