The market for supplier diversity and supplier management solutions has clearly entered its “2.0” phase. While the DNA of firms competing in this market segment has not changed considerably from the first wave of specialists, the level of capability and overall user experience has evolved considerably since the previous generation of solutions — and what one can do with the solutions has matured, as well.
Users of these solutions can still expect a combination of diversity data enrichment, supplier on-boarding and basic supplier information management capability. But this is now just the ante for a newer generation of providers like ConnXus, a supplier (information) management solution designed to simplify the complexity associated with identifying, qualifying and introducing the right suppliers, including the right diversity suppliers, into global supply chains in a manner that achieves organizational goals of responsible and sustainable sourcing.
This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering ConnXus offers a SWOT analysis, competitive assessment and comparison with other similar and “crossover” providers in the supplier management and supplier diversity market. It also includes a user selection guide and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep-dive solution overview, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider ConnXus.