Gartner’s Cool Vendor research is designed to recognise interesting, new and innovative vendors, products and services. According to the report, “There is a large number of vendors with highly fragmented offerings and different applications for managing suppliers. This makes it hard for organisations to create an impactful shortlist, especially for emerging technology solutions…Chief procurement officers can use this Cool Vendors research to improve their group’s capabilities to drive better collaboration and business decisions.”
As stated in the report, “Supplier management initiatives are often broad, and many organisations have no clear definition of what they want to achieve with a technology solution. This is partially caused by the lack of verification of solution claims and carefulness of not considering emerging technologies earlier in the process.”
“Promising cool supplier management vendors, such as those covered here, offer solutions that augment an organisation’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.”
Commenting on the report, Mark Perera, Founder and CEO, Vizibl says: “We are delighted to be recognised as a Cool Vendor. We pride ourselves on delivering technology that drives collaboration and innovation that delivers ‘procurement with a purpose’ and supply chain solutions to the market. We are committed to disrupting the way that organisations work with their suppliers as we drive companies towards a more resilient and sustainable way to buy the goods and services they need.”
Gartner subscribers can view the Cool Vendors in Sourcing Technology here.
Gartner “Cool Vendors in Sourcing Technology” was authored by analysts Koray Kose, William McNeill, Miguel Cossio, 25th September 2020.