AI TOOL PROFILE
SupplyHive: Supplier Management Software
- Operations
- Procurement
- Procurement leaders
- Enterprise companies
- Fortune 500 and 1000 organizations
Pricing
Pricing was not clearly available from the provided evidence. Subscription tiers include Starter, Standard, Professional, and Enterprise; buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Procurement leaders, Enterprise companies, Fortune 500 and 1000 organizations
- Key use cases
- Supplier Performance Rating, 360-Degree Feedback Collection, Performance Optimization, Contract Value Leakage Prevention, Supplier Segmentation
- Official website
- Visit supplyhive official website
How AI is used
SupplyHive is a supplier performance and relationship management (SRM) platform designed for larger organizations. It focuses on digitizing the way companies rate, review, and rank their suppliers to identify performance gaps and opportunities for cost avoidance.
The software is designed for procurement leaders at large enterprises, including those in the Fortune 500 and 1000. It provides tools to capture feedback from both internal stakeholders and the suppliers themselves.
Key capabilities include the creation of digital scorecards, trend monitoring, and AI-generated summaries that analyze open-text feedback. The platform also includes a module for contract performance to help teams track obligations and deadlines.
Buyers should confirm which subscription tier they need, as certain features like API integrations and single sign-on are limited or available only as paid add-ons in the Starter, Standard, and Professional plans.
Key Features
Hive Scorecard
Merges qualitative and quantitative insights to help identify supplier risks and opportunities.
Configurable KPI Libraries
Offers out-of-the-box templates or custom KPIs to evaluate suppliers based on specific business criteria.
Hive360 Assessment
Supports 360-degree reviews by capturing feedback from both internal teams and the suppliers.
AI-Generated Summaries
Uses AI to turn data and open-text feedback into concise supplier summaries.
AI-Powered Action Plans
Generates customized, step-by-step plans to help suppliers improve their performance.
Trend Monitoring
Provides analytics and benchmarking visualizations to track supplier performance over time.
Contract Performance Center
A centralized platform to track contract deadlines, renewals, and KPI obligations.
Use Cases
Supplier Performance Rating
Using digital scorecards and KPI libraries to rate and rank supplier effectiveness.
360-Degree Feedback Collection
Gathering perspectives from internal stakeholders and the supplier to identify blind spots.
Performance Optimization
Using AI-generated action plans to provide suppliers with direction for improvement.
Contract Value Leakage Prevention
Monitoring contract terms and obligations to help ensure discounts and rebates are not missed.
Supplier Segmentation
Comparing performance across different projects or date ranges to analyze trends across the network.
FAQ
Who is SupplyHive designed for?
- SupplyHive is designed for large enterprise companies, specifically targeting procurement leaders at Fortune 500 and 1000 organizations.
What AI features does SupplyHive include?
- The platform includes AI-generated summaries of supplier data and AI-powered action plans to help optimize supplier performance.
Is SupplyHive secure for enterprise use?
- Yes, SupplyHive is SOC 2 certified, which indicates a commitment to security and data protection standards.
Which plan includes API integrations?
- API integrations are included in the Enterprise plan, while they are available as paid add-ons for the Starter, Standard, and Professional tiers.
Source category: Operations
Source subcategory: Procurement
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