- Free Version: Available for teams of up to 10
- Pricing: Premium plan $24/month (with free 30-day trial period)
- Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
SafetyCulture is a comprehensive tool that makes it much easier to manage suppliers. The app offers checklists for supplier selections and audits, track performance, and check on the supply chain movement. On top of that, the app can help you report various supply chain issues and immediately assign corrective actions to them. All in all, SafetyCulture is a great tool for streamlining supplier management that’s used by various organizations worldwide.
Features:
- Select the right suppliers and conduct audits across multiple sites using smart checklists
- Gather key data and analytics on supply chain movement to find ways to optimize your operations
- Build workflows for the whole team (including suppliers) to ensure they meet your standards
- Report issues and problems in the supply chain and immediately apply corrective actions to rectify them
- Integrate SafetyCulture with other apps you may use in managing your suppliers
Why use SupplierSoft?
Supplier Soft is a popular software used for tracking supplier performance. It’s very important to track suppliers to ensure your products always fulfill your standards. On top of that, the tool allows collaboration and risk reduction, making it a valuable option for any organization.
Features:
- Performance dashboards
- Configuration tools
- Risk-based supplier audits and compliance tracking
- Free Version: None
- Pricing: Starts at $5/month (with a free 30-day trial period)
- Platforms supported: Web
Why use SourceDay?
SourceDay is a great tool for gathering and controlling metrics essential in supplier management. You can use the app to improve and implement delivery schedules and improve overall supply chain operations. This is why it’s a favorite for organizations looking for a singular hub for supplier management.
Features:
- Purchase order management
- Onboarding
- Delivery tracking
- Free Version: None
- Pricing: Contact vendor for pricing
- Platforms supported: Web
Why use Coupa?
Coupa ensures organizations get the most value out of everything they spend. That’s why it allows them to track and gather data about their suppliers, discover improvement areas, and assign corrective actions.
Features:
- Spend management
- Supplier risk management
- Contract management
- Free Version: None
- Pricing: Starts at $2,500/month
- Platforms supported: Web, iOS, Android
Why use JAGGAER ONE?
This software is specially designed for modern supplier management. The tool lets you track every part of your supply chain, including where you get products or materials. It can also be used for relationship management, which is crucial in maintaining the best suppliers.
Features:
- Performance tracking
- Supplier relationship management
- Spend analysis
- Free Version: None
- Pricing: Starts at $45,000/year
- Platforms supported: Web, iOS, Android
What is Supplier Management Software?
Supplier management software is a tool that you can use to manage all your interactions with your suppliers. It’s important to always have the best suppliers and track data on their performance, but manually doing all of this takes a lot of time and effort. With the right supplier management software, you can streamline your supplier operations, increasing efficiency and reducing costs. On top of that, it also allows you to monitor and handle your suppliers in one place and ensure products or services meet quality, safety, and regulatory standards.
Importance
Supplier management is crucial for any business operation but shouldn’t take all your time and resources. If you have to track all your data manually, you put an unnecessary amount of effort into the job. This increases redundancies and the risk of human error. Mistakes in supplier management can be very costly, which is why it’s highly recommended to get software that can handle the job for you. That way, you don’t spend as much effort on the task while efficiently and effectively tracking your suppliers.
Digitally managing and tracking your suppliers gives you more control and access to critical data points. This makes it easier to assess your suppliers and ensure everyone is performing as expected and meeting commitments. On top of that, digitally staring data saves you physical space and also reduces the overall cost of managing your supply chain.
Key Features
Every organization requires different features from its supplier management software. Each industry has unique relationships with its suppliers which is very important to consider when choosing the right software. That said, here are some of the key features that your supplier management should have to effectively streamline operations:
- Performance tracking
- Risk management
- Data and analytics gathering
- Contract management
- Supplier audits
- Workflows
Choosing the Right Software
All of the supplier management software featured above are some of the best available in the market. To help you choose the best pick for your organization, here’s a quick comparison of all of the software options on our list:
| Supplier Management Software | Free Version | Paid Plan | Mobile App |
| SafetyCulture | Yes | $24/user/month* | Yes |
| SupplierSoft | No | $5/month | No |
| SourceDay | No | Contact vendor for pricing | No |
| Coupa | No | Starts at $2500/month | Yes |
| JAGGAER ONE | No | Starts at $45000.00/Per Year | Yes |
*billed annually
Leon Altomonte